President Dilma Rousseff has sanctioned a Law – Cadastro Positivo (‘Positive Credit’) – which gives banks and other financial institutions the authority to offer low interest rate payments to consumers who prove themselves to be good at meeting their commitments.
The new company will be named Norcon Rossi and will hold an 80 percent stake in projects already launched with a goal of R$ 2.8 billion in sales values by 2013. Rossi will manage the financial and operational management and Norcon will take care of local land administration and labour.
Reported quarter one 2011 sales figures for one of Brazil’s prominent real estate development companies – Gafisa – fell by 4 percent (R$ 822 million) in comparison to the last quarter of 2010.
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.
The January / February 2010 Brazil real estate and land investor newsletter including an outline and link to our monthly statistical factfile.
A short post reviewing a close of 2010 discussion on the short term future of the Brazilian real estate market – involving several of Brazil’s leading business leaders and specialists.
An introduction to our annual extended report aimed at anyone with an interest in Brazil real estate and land. We explore a range of issues including the election of Dilma Rousseff; Brazil’s involvement in the global currency wars, bringing down the national interest rate, domestic savings concerns, Brazil’s relationship with China, house price hyperinflation, the housing deficit, the future of the construction industry, low income housing, sanitation issues, the retail real estate market, infrastructure, the rising middle class, education, the informal economy, business transparency amongst others.
The November / December 2010 Brazil Real Estate and Land Investor Newsletter: information, notices, links, hints, tips, facts and figures of relevance.
A short article written for the ‘Property Abroad’ website on a partnership between Banco Santander and one the largest international real estate franchises now operating in Brazil.
A short news article we wrote for ‘Property Secrets’ magazine on the 76.8 percent profit rise reported by one of Brazil’s largest real estate developers Lopes.
