Good news from Peru!

Falabella worker offering credit cards to riot cops in Lima, Peru, March 2011. Photo by Steven Bodzin

(Special guest post from Otto Rock.)

The good news is that newly available personal credit and expansion of low-to-no downpayment mortgage market hasn’t caused a dangerous looking real estate price bubble in the country as yet.

Oh, hold on a moment….

Bubble.Data from here

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