Here's a conundrum for you, interested to hear the views. Clearly the US sub prime debacle has triggered a stagnation or drop in world property markets. Perhaps this is more due to the credit squeeze associated with this problem, but either way there now seems to be a correction here or coming. It seems that many of these property markets have been falsely stimulated by cheap loans but now the confidence element is eroding..where are all the new buyers and consequent price increases going to come from? In terms of Brazil there are no loans (not for foreigners anyway) so that may be an advantage but in effect many buying off plan see their staged payments as a form of borrowing. More importantly, why is Brazil going to buck the world trend?