February 23rd, 2011 by
Ruban Selvanayagam
2 Comments
Between December 2010 and February 2011, the Brazil Real Estate & Land Investment Guide tracked property prices and rental values in a handful of the country’s most prominent cities in order to provide an outline of how the market really is operating. Using the country’s four most popular property portals (Zap, Imovel Web, Web Casas and Balcão) we recorded over 29,000 properties in the central regions of Brasília (in the Federal District), São Paulo, Rio de Janeiro, Belo Horizonte (Minas Gerais) and Salvador (Bahia) for both sales values and rents – this blog post provides the results and an outline analysis of the areas analysed.
February 22nd, 2011 by
Ruban Selvanayagam
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Over the last few years, the relative strength of Brazil’s housing market has created an international buzz of buying real estate and land in South America’s largest country. The supporting factors are now well recognised and include an ever-growing enthusiasm for mortgage finance (which increased from R$ 4 billion to R$ 57 billion between 2005 and 2010); a rising middle class with higher incomes (forming almost half of the whole population) and lower interest rates which, whilst still high by international standards, are expected to fall in the medium term. Yet as more people have been finding themselves out priced by the market, the debate about whether property prices are peaking fails to be quashed – this blog post examines the issue in detail.
A brief post on the Caixa Econômica Federal announcing that their gross profit for 2010 was R$ 3.8 billion – representing a 25.5 percent increase when compared to the year previous.
A short blog post on the commencement of legal proceedings by a school teacher in Belford Roxo, Rio de Janeiro who bought a unit at a price stated as R$ 112,000 which – as it is now being claimed by the developers – has increased to R$ 133,000 in addition to interest payments.
February 8th, 2011 by
Ruban Selvanayagam
1 Comment
A recorded interview we undertook with Bruno Saraiva, a Brazilian economist and sociologist at the Inter-American Development Bank (IADB). We discussed a range of issues related to his work in Brazil including short / medium / long term growth prospects; Brazil’s positioning on the global stage; the relationship with other economies both developed and developing; impending challenges; housing policy; dealing with the issue favelas; the new government’s understanding of the needs of poorer sections of society; other infrastructural projects being undertaken by the IADB and the country’s relatively low positioning on the 2011 Index of Economic Freedom amongst other subjects.
An introduction to our state guide to Pernambuco, north east Brazil – a region that was barely effected by the global economic crisis, during which over R$ 842 million of infrastructural projects were commenced and its GDP growth level remained superior in comparison to the rest of the country (between January and November 2010, the state went on to grow by 9.4 percent – the highest level in Brazil).
