Brazilian Real Estate Market Increases Scope by Obelisk International News
Investment in Brazilian real estate from the domestic market has been growing steadily over the last six years. In 2005, a mere 10% of the Brazilian population was able to afford a property. Just six years later, the figure has reached 67%.
Industry analysts believe this percentage is set to rise further as more Brazilians join the middle class and it becomes easier to own a property in Brazil. Obelisk International believes the on-going decrease in inequality and opening up of the real estate market are leading to exceptional opportunities for investment in Brazil.
Reasons for Market Expansion
Several reasons lie behind this big growth in property in Brazil, particularly an increase in mortgage loans and the introduction of the government social housing programme. Between them, more housing credit and Minha Casa Minha Vida are responsible for most of vastly increased scope in the market for real estate in Brazil.
Wider availability and cheaper mortgages from Brazilian banks has dramatically reduced the income required to buy a property in Brazil. In 2005, the average monthly income needed to purchase a home was R$4,500, a figure far beyond the majority of Brazilian pockets. Today, the amount required stands at R$1,400, almost four times lower. For the first time ever, Brazilian property is within reach of the average family.
Role of Social Housing
Minha Casa Minha Vida (MCMV) has also played a major role in the expansion of the Brazilian real estate market. Over the next three years, this social housing programme will add 2 million homes to the market with particular emphasis on the lower end of the income scale – those families earning between 0 and 3 times the minimum monthly wage.
This big injection of social housing units not only allows thousands of families to buy their own home but opens up the property market in Brazil. As well as boosting the property market, MCMV has pushed housing construction to record highs throughout the country.
For Obelisk International, the government social housing programme has transformed the face of Brazilian investment in real estate. With huge sums of public money behind it, MCMV will undoubtedly continue to boost the property market and with it, opportunities for low-risk high-return investments in Brazil.
About Obelisk International: Obelisk International offers select investment opportunities in Brazil in a range of sectors such as residential real estate, construction and social housing. Obelisk 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 Brazilian investments and to find out about Obelisk International’s latest opportunities for investment in Brazil, contact us on 0034 952 820 319. Via email: email@example.com or visit our website: www.obeliskinternational.com. Follow us on Twitter – Obelisk International and Facebook.
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