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Obelisk Announces Next Minha Casa Minha Vida Investment

02-10-2011 06:16 PM CET | Industry, Real Estate & Construction

Press release from: Obelisk International

On the back of its resounding success in investments in the Brazilian Minha Casa Minha Vida programme, Obelisk is pleased to announce its next social housing project.

Minha Casa Minha Vida 4 Phase II is the latest in Obelisk’s Brazilian investments. And like Obelisk’s other social housing projects, it offers exceptionally high returns over a short time frame.

With a minimum capital investment of €200,000, investors in this latest Brazilian real estate project will receive 170% returns in 24 months. This equates to 35% profit a year, one of the highest rates available for short-term investment. The 70% profit is returned to the investor as a dividend, which has the added advantage of being exempt from tax in Brazil.

The latest Minha Casa Minha Vida (MCMV) development is in a highly sought-after area in the up-and-coming city of Parnamirim. All licences – including approval from Caixa bank– are in place for the development and construction on MCMV 4 Phase II began in January this year.

Minha Casa Minha Vida is the Brazilian government’s flagship social housing programme. Designed to reduce the serious shortage of Brazilian real estate, MCMV is building 3 million homes by the end of 2014. In December 2010, the programme reached its target of 1 million properties and with government commitment and finance in place, the second stage of 2 million homes is already well underway.

The entire MCMV programme is financed by the government-owned bank, Caixa, one of the largest in Latin America and a giant in the Brazil mortgage market (Caixa has 76.21% of the home loans market). All MCMV developments must be approved by Caixa whose finance provides funds for development and mortgages.

Investment in Minha Casa Minha Vida with Obelisk comes with full peace of mind. As well as the security of investment in a government-backed programme financed by a government-owned bank, investment in MCMV 4 Phase II is guaranteed through contract. Obelisk believes there are few other capital investments on the market offering security at so many levels.

Along with this peace of mind and 170% returns in just two years, investors in this particular sector of Brazilian real estate also have the satisfaction of knowing that their capital is helping Brazilian families fulfil a lifetime dream of owning their own home. And investments do not come better than that.

Contact Obelisk International on 0034 952 820 319. Via email: info@obeliskinternational.com or visit our website: www.obeliskinternational.com.

Obelisk International is a private investment business specializing in Brazilian investments. Obelisk offers private investors the opportunity to invest into Obelisk businesses through projects sourced exclusively in Brazil.

Obelisk International
UK – Spain – Brazil
Alison Kane, Marketing Manager
Tel: 0034 952 820 319
Email: press@obeliskinternational.com

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