January 2012 statistics and graphs (released mid-month) with information related to Brazil’s real estate and land industry by clicking on the link above – including the property price variation index, OECD composite leading indicators, inflation statistics, the SELIC interest rate, housing / private / commercial sector lending, percentage changes in construction costs, consumer spending levels, consumer / industrial / business confidence, real earnings and unemployment.
Despite Getúlio Vargas Foundation (FGV) January 2012 data pointing to a drop in construction sector confidence (-9.9 percent in the last quarter of 2011) as well as the ongoing reports of various other negative performance indicators, two Brazilian specialists — Cézar Delapieve, independent portfolio manager and Carlos Müller of Geral Investimentos -interviewed by Info Money, provide some debatably bullish standpoints on the rise in sector share values since the start of 2012
The Época magazine released a new year edition which, amongst analysis of the economic performance of 2011, asked a number of prominent business leaders about their thoughts and expectations for the coming year. Please see translations of some of the statements made below – namely Robert Setubal (Itaú Unibanco), Luiz Carlos Trabuci Cappi (Bradesco), José Sergio Gabrielli (Petrobras), Eike Batista (EBX Group), José Antonio Grabowsky (PDG Realty), André Gerdau (Gerdau), Otávio Azevedo (Andrade Gutierrez) and Enéas Pestana (Pão de Açúcar).
Towards the end of 2011, the committee from the NRE-Poli Real Estate Research Group at the University of São Paulo spent a day debating the current state of Brazil’s residential and commercial real estate sector. The PINI Web magazine provided an outline of the discussions which we have highlighted the salient points in this blog post.
The debate over whether the ongoing acceleration of the Brazilian real estate sector is leading to a bubble has seen little sign of abating with a wide range of both bullish and bearish commentary appearing over 2011 (much of which I have attempted to show on this blog). One Brazilian economist who has developed a strong following this year is Ricardo Torres via his Trading Café blog which explores a wide range of issues related to a country undergoing rapid evolution. This blog post has two recent subtitled videos with his takes on the current Brazilian housing market:
December 19th, 2011 by
Ruban Selvanayagam
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Due to being the location of the headquarters of the Brazil Real Estate & Land Investment Guide as well as our associated projects via the Fez Tá Pronto Construction System, we have translated an article which recently appeared in the Brazil’s Exame magazine using research by consultancy Deloitte – indicating the North Fluminense and South Capixaba of Rio de Janeiro state as the most dynamic and important growth regions of the country.
December 2011 statistics and graphs (released mid-month) with information related to Brazil’s real estate and land industry by clicking on the link above – including the property price variation index, OECD composite leading indicators, inflation statistics, the SELIC interest rate, housing / private / commercial sector lending, percentage changes in construction costs, consumer spending levels, consumer / industrial / business confidence, real earnings and unemployment.
The Fitch ratings agency has recently raised the status for the city of Rio de Janeiro to BBB with a stable perspective (the highest rating in the country), whilst also emphasising the strong position of Brazil as a whole in the face of the international crisis (also reinforced in a recent meeting with President Dilma Rousseff and IMF director-general Christina Lagarde).
Luiz Carlos Trabuco, president of Brazil´s third largest banking institution Bradesco, recently stated to the press that the country will not be able to avoid some form of contamination via the effects of the ongoing global economic crisis.
September 28th, 2011 by
Ruban Selvanayagam
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Some Q&A´s with Ana Maria Castelo, economist and project coordinator for real estate construction statistics at the Getúlio Vargas Foundation (FGV) – one of Brazil´s leading universities and research institutions. Ana Maria has long been well-recognised as always providing reputable insights into the market, regularly featuring in the national media on a wide range of issues related to Brazil´s housing and infrastructure.
