Daniel Lima, Pedro Peduzzi and Yara Aquino         Reporters Agência Brasil

Brasília - In other comments at the 38th meeting of the Economic and Social Development Council, minister of Finance, Guido Mantega, denied the existence of a real estate bubble in Brazil, calling it an issue some market analysts were using to drum up “controversy and boost readership.” Mantega admitted that prices have risen, but he pointed out that the rise, partly stimulated by government subsidies, was absolutely normal in a market that has been stagnant for around two decades.

Allen Bennett – translator/editor The News in English

Link – Mantega diz que situação econômica global preocupa e não deverá se alterar nos próximos anos

Link - Mantega nega existência de bolha de crédito no setor de habitação