RIO DE JANEIRO, BRAZIL - The housing market may be close to a vigorous upturn. Since July, six construction companies and developers have raised R$3.8 billion (US$950 million) in new share offerings to speed up their residential and commercial projects. With the drop in interest Rates - the SELIC reached an annual rate of The post With Billions Raised and low Interest Rates, the Real Estate Sector is Growing appeared first on The Rio Times.

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July: July is the seventh month of the year in the Julian and Gregorian Calendars and one of seven months with the length of 31 days. It was named by the Roman Senate in honor of the Roman general, Julius Caesar, it being the month of his birth. Prior to that, it was called Quintilis.
Times: Multiplication is the mathematical operation of scaling one number by another. It is one of the four basic operations in elementary arithmetic .
Rates: Rates is a Portuguese parish and a former township located in the municipality of Pvoa de Varzim.
Real Estate: Real estate is "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water immovable property of this nature an interest vested in this an item of real property buildings or housing in general. Also: the business of real estate the profe