Brazil's market has surpassed them though. Low interest loans and the new mortgage market have worldwide investors taking a look at Brazil's housing market even above China's. Those happy in the market right now are the ones that have already bought there homes. They're watching the prices climb and climb as those that were looking to buy may not be able to anymore. Between 2008 and 2013, the Brazilian housing market prices rose 121.6%, topping Hong Kong. Their prices only rose 101.4%.
It's settled down some, but the prices still rose 9% in the past year, showing that Brazil's housing bubble may not be ready to pop just yet.
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