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CHANGES IN THE INCOME DISTRIBUTION STIMULATED THE CONSUMPTION IN THE REAL ESTATE MARKET Evolution in the income distribution in Brazil (%) (millions of people) Class A/B

13 (7%)

Class C

66 (37%)

Class D

47 (27%)

Class E

49 (28%) 2003

+ 27

20 (11%)

million

93 (49%)

people

46 (24%) 30 (16%)

2008

+ 20

31 (16%)

million

113 (56%)

people

40 (20%) 16 (8%)

2014E

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Cury Resumida Inglàs  
Cury Resumida Inglàs  
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