Civil Construction Investment in Brazil Booming
Brazil has a massive housing shortage and the investment needed to reduce it is also massive. According to the latest estimates published by the São Paulo Industry Federation (Federação das Indústrias do Estado de São Paulo/FIESP), around R$3 trillion investment in Brazilian property is necessary to build 17.5 million homes over the next 12 years.
FIESP in conjunction with the Brazilian economic research experts, Fundação Gertulio Vargas are due to present a report addressing the most important concerns in civil construction. These concerns include the shortage of labour, particularly qualified and experienced civil construction professionals, and rising taxes on building supplies.
FIESP emphasises the need to approach the housing shortage in a sustainable way to avoid a property bubble in Brazil such as the one recently experienced in the US.
For the Director of FIESP, João Robusti, “Brazil is at a crossroads in housing development” and for growth to be sustainable, the civil construction industry must anticipate potential problems.
“Designing a long-term housing programme is a huge challenge,” he said, “but the economic stability and rising purchasing power plus growth in infrastructure show that it is possible.”
For the FIESP, the objective of all investment in property in Brazil over the next 12 years should be to reduce the housing shortage as much as possible. Work towards achieving this objective is already underway as can clearly be seen in the latest civil construction figures in Brazil.
The building industry created 2.8 million jobs in the ten months up to October this year, considerably ahead of the 2.3 million new jobs in construction in 2009. Production in civil construction saw a year-on-year increase of 10.1% in the year to October with the region of Recife seeing the biggest hike (30.7%).
These trends are set to continue as Brazil moves towards reducing its mammoth housing deficit. The civil construction sector needs an additional labour force of 10.2 million between now and 2022 to keep with demand. And the huge annual investment – R$255 billion a year according to FIESP – will ensure production levels continue to grow. Construction materials are another sector experiencing huge growth. For UK Trade and Industry, “Brazil’s construction sector has one of the largest growth rates in the world” and Ernst & Young believe that the pressure of demand for housing “translates into sustained demand for building materials”.
For Obelisk, the huge demand in Brazil for property and the investment needed to keep up with it are the main reasons for our presence there. We see opportunities in several niche markets and believe all offer excellent investment potential until at least 2022.
About Obelisk: Obelisk offers select investment opportunities in Brazil and gives investors security, profitability and diversity thanks to a combination of close attention to our clients' investment requirements and high quality in-house research and analysis.
For more information on investment in Brazil and to find out about Obelisk’s latest projects there, contact us on 0034 952 820 319. Via email: email@example.com or visit our website: www.obeliskinternational.com.
Apdo de Correos 977
Tel: +34 952 820 319
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Civil Construction Investment in Brazil Booming here
News-ID: 155330 • Views: 1174
More Releases from Obelisk
Great Prospects for Investment in Brazil Construction Materials
Prospects for investment in construction materials in Brazil look very good at least until 2016. Industry experts are predicting annual sales of at least R$146.5 billion over the next five years. These sales figures are based on the excellent performance of the construction materials industry in Brazil during 2010 and the expected increase in the number of Brazilian households. This high growth is pushing the demand for new homes and is
Investment in Brazil's Middle Classes
After eight years under Lula, Brazil now has a new president. Like her predecessor, newly-elected President Dilma has pledged to continue investment in Brazil’s new middle classes. Under this investment, Brazil has experienced spectacular economic and social growth. A glance at statistics in key areas since 2002 shows impressive increases in both Brazilian wealth and social status. Although there is still plenty to do to fulfil Dilma’s pledge to end
Excellent Year for the Brazil Construction Materials Industry
The construction materials industry in Brazil has just closed one of the best years ever. On the back of widely available credit and vast investment in Brazilian real estate and infrastructure, construction costs rose by 7.36% in 2010. Latest annual figures issued by the Brazilian Statistics Agency (IBGE) point to a nationwide increase in the cost of construction of 7.36%. The total cost of building a square metre in Brazil was
Brazil is Hottest Investment Destination
Once again, Brazil comes out as one of the world’s top destinations for investment. With great achievements this year, investment in Brazil is looking ahead to even better opportunities. Experts from politics and many walks of business life in Brazil got together last week in São Paulo to discuss Brazil’s immediate future. Meeting at the Reuters Brazil Investment Summit, speakers from investment banking, real estate, equity and Brazilian political life were
More Releases for Brazil
Wine in Brazil
Latest Report on Wine in Brazil Similar to other alcoholic drinks, wine saw a total volume decline in 2016, with sales falling by 3%. Although this decline was slower than that seen in the previous year, of 4%, it is clear that the negative economic situation continued to affect consumers’ demand for wine. Since it is perceived by many as a non-essential product, other products and types of alcoholic drinks seemed
Alcoholic Drinks in Brazil
Latest Report on Alcoholic Drinks in Brazil Total volume sales of alcoholic drinks continued to decline in Brazil in both the on-trade and off-trade channels in 2016. Consumers had less available income; therefore were forced to make more rational decisions on what to purchase, taking into consideration their budget and the necessity of each product. For this reason, consumption frequency reduced considerably in almost all categories, and also a downgrade to
Brazil Juice Industry
Brazil Juice Industry Juice in Brazil was directly affected by the unstable economic situation and consumers’ shrinking disposable incomes. After registering a series of double-digit growth rates in off-trade volume terms earlier in the review period, the category registered a flat performance in 2015 and grew by just 2% in 2016. The two most important categories within juice in off-trade volume terms, nectars and juice drinks (up to 24% juice), faced
Brazil: Country Intelligence Report
Brazil: Country Intelligence Report Summary "Brazil: Country Intelligence Report", by GlobalData provides an executive-level overview of the telecommunications market in Brazil today, with detailed forecasts of key indicators up to 2021. Published annually, the report provides the detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband, and mobile, as well as a review of key regulatory trends. SAMPLE REPORT: https://www.reportsandmarkets.com/sample-request/brazil-country-intelligence-report-1613311 GlobalData
Packaged Water in Brazil
ReportsWorldwide has announced the addition of a new report title Packaged Water in Brazil to its growing collection of premium market research reports. Packaged Water in Brazil industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential resource
Airlines in Brazil 2017
ReportsWorldwide has announced the addition of a new report title Airlines in Brazil 2017 to its growing collection of premium market research reports. Airlines in Brazil industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential resource for top-line data