According to statistics provided by Brazil’s six leading property development companies, revenues have increased six times since 2008 with over R$ 24 billion collectively raised via investors on the stock exchange. Yet, whilst the high level of demand for real estate is well known, the majority of the key market players recent performances have been demonstrating signs of weakness – with statistics divulged by Exame magazine pointing to profit drops over the last 12 months by Gafisa (45 percent) Trisul (44 percent) and Cyrela (32 percent).
Research undertaken by the Economatica consultancy agency revealed that Brazilian construction companies were leading the pack in terms of 2010 profits received in Latin and North America.
Short blog post on the back of share values drops on the back of Brazil’s ‘Minha Casa, Minha Vida’ housing programme budgetary cuts.
An article examining some of the areas of Brazil that are relatively ‘untapped’ from a real estate investment perspective, offering some particularly interesting opportunities: Maranhão, Espírito Santo and Goiás.
The May / June 2010 Brazil Real Estate and Land Investor Newsletter: information, notices, links, hints, tips, facts and figures of relevance.
A review of the Brazilian economy in 2009 for the real estate / land investor: Quarter 2
January 5th, 2010 by
Ruban Selvanayagam
2 Comments
A review of the Brazilian economy in 2009 for the real estate / land investor: Quarter 3
