Article - House Hunting in … Brazil
MARKET OVERVIEW
After several years of double-digit growth, residential real estate prices in Brazil have slowed, according to Günter Flemig, founder of Homes in Rio, a German real estate company that specializes in vacation rentals and property sales in Rio de Janeiro, Brazil. Mr. Flemig expects that even in the slower economy, prices will have risen 5 percent by the end of 2009.
Samantha Gore, the sales manager of uv10, a Spanish company that advises foreign investors in Brazilian real estate, said the country’s president, Luiz Inácio Lula da Silva, had undertaken a national housing initiative aimed at addressing a housing shortage and increasing homeownership. The program will build a million homes; Ms. Gore expects it to have a positive impact on house prices over the long run because it will strengthen Brazil’s middle class. She also cited the recent discovery of offshore oil reserves and the upcoming 2014 World Cup as positive signs for the economy.
If you enjoy our post, feel free to subscribes to our rss feeds
Mega-resort Aquiraz Riviera, a venture promoted by the Portuguese-Brazilian consortium, has launched on 26th June the first phase of sales of residential lots in its tourism and real estate project. The first phase includes 312 lots, with a 1,000 sq meters average area. Realtor Lopes Immobilis is in charge of commercialization of what will be the largest tourism venture of international standard in Brazil.



















