Brazilian government ‘will throw more money at housing’
The Brazilian government is keen to offer as much support as it possibly can to the nation's housing market.
Despite the fact the country is already forking out huge sums of money to host the 2014 Fifa World Cup and 2016 Olympic Games in Rio de Janeiro, president Dilma Rousseff is still committed to helping people get themselves on the first rung of the property ladder.
Adolfo Sachsida, an economist in Brasilia at the Institute for Applied Economic Research, told Bloomberg that "the government is throwing more money at it [housing sector] to keep it expanding".
"This market employs a lot of people and they want to keep it heated so employment doesn't drop," he added.
Brazilian house hunters are already benefiting from the lowest interest rates in the South American country's history and this extra investment from the state is an added bonus.
These are exciting times for people living in Brazil, with unemployment continuing to fall sharply and two major world-class sporting events to look forward to.