Investors are increasingly looking to Brazil to get a return on their money with the recent slowing of the pace of growth seen in the Brazilian property market.
According to Property Secrets, Joao Crestana, president of the Sao Paulo Housing Syndicate (SECOVI-SP) said the rapidly rising prices seen last year created an atmosphere in which buyers felt the pressure to do business quickly to take advantage of the situation. As it was only taking two months for an entire development to sell, People who wanted to buy were forced to close their purchases quickly. However, he said that this year, with similar levels of supply but a slower pace of sale, people have enough time to make choices.
A new report RNCOS has revealed that the Brazilian property market is considered to be one of the most interesting sectors in the industry and has witnessed "stupendous" growth recently. The report also stated that Brazil has undergone vigorous development in the last few years but will continue to grow as the housing market is still experiencing a large demand-supply gap and by 2014 housing demand in the country will have reached 1.8 million units.
"The government's assurance to the development of housing industry and positive policy framework has encouraged developers to invest in the Brazilian housing industry," the report claimed.
David Palumbo, director of Origen Private Equity Ltd said that there are still significant profits to be made in the property market in Brazil and investing in some of the poorest areas of Brazil, such as Natal, helps bring the residents into low-cost affordable housing and gives them a sense of belonging and dignity.
He commented: "Impact investing can deliver high, consistent returns to investors and at the same time have a positive and measurable social impact."
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