Economy Key Facts —The pressure. Brazil’s main construction-cost index has been climbing, rising around 6 percent over the past year in São Paulo. —The trap. Off-plan prices are tied to that index, so the bill can rise while an apartment is still being built. —The squeeze. A benchmark interest rate near 15 percent keeps mortgages […] The post Why Brazil’s Rising Building Costs Could Catch Off-Plan Property Buyers appeared first on The Rio Times.