Eco-property continues to remain strong despite market slowdown
Friday, February 22, 2008
Despite general downturn in the property markets of developed countries, eco-property is back and strong. Announcing an eco-property investment in Brazil, does not come as a surprise.
The plan for building an eco-resort in Brazil, gained momentum last week, due to increased numbers of early-bird investors in the surrounding land. This heavy entry-level investment was least expected, which in turn, brought in plenty of momentum to the eco property effort. In the wake of this development, it has been reported that most other property developers in Brazil, too, are planning similar resorts in different areas.
As mentioned, eco property booms in Brazil are to be expected, and, as a country experiencing great growth in overall real estate market, particularly, a development, which gives priority to ecologically friendly construction, such interests are only natural.
However, when such an interest is spotted in a developed country such as the UK, it appears surprising to most analysts. The United Kingdom has an affluent upper class that is very cautious about environmental protection and issues related to that field, which is not found in Brazil.
As referred to by the 'Times Online', being a class of 'affluent eco-worriers', people are the primary driving factor behind interest shown in eco property in the developed countries. It is said that people need to have money, to act on a belief in eco property.
But, a recent report released by Smart Money has suggested that an eco-home could cost any amount between three to five percent, which is more than a conventional home of the same size and amenities, irrespective of the place where it is located. However, the same report also states that there is also a downward movement seen in pricing of eco property, which is yet to translate into any real demand. Hence, the opinions of analysts differ on whether it will happen in the near future.
Social BookmarkingThe plan for building an eco-resort in Brazil, gained momentum last week, due to increased numbers of early-bird investors in the surrounding land. This heavy entry-level investment was least expected, which in turn, brought in plenty of momentum to the eco property effort. In the wake of this development, it has been reported that most other property developers in Brazil, too, are planning similar resorts in different areas.
As mentioned, eco property booms in Brazil are to be expected, and, as a country experiencing great growth in overall real estate market, particularly, a development, which gives priority to ecologically friendly construction, such interests are only natural.
However, when such an interest is spotted in a developed country such as the UK, it appears surprising to most analysts. The United Kingdom has an affluent upper class that is very cautious about environmental protection and issues related to that field, which is not found in Brazil.
As referred to by the 'Times Online', being a class of 'affluent eco-worriers', people are the primary driving factor behind interest shown in eco property in the developed countries. It is said that people need to have money, to act on a belief in eco property.
But, a recent report released by Smart Money has suggested that an eco-home could cost any amount between three to five percent, which is more than a conventional home of the same size and amenities, irrespective of the place where it is located. However, the same report also states that there is also a downward movement seen in pricing of eco property, which is yet to translate into any real demand. Hence, the opinions of analysts differ on whether it will happen in the near future.
Labels: Environment-friendly, Latest-News, Market-Trends
