Brazil faces shortage of affordable housing projects
Date added: 13th April, 2011 at 10:19
(view all articles from April, 2011)
Categories: Property News, Rio, Social and Affordable Housing in Brazil
People investing in affordable housing projects in Brazil may be entering a market that is in great demand, as it has been claimed that the country is facing a shortfall of around six million homes.
Writing for the Global Post, Erik German noted that the government has set up programmes like Minha Casa, Minha Vida (My House, My Life) to address the issue.
The scheme aims to help people on low or middle incomes to purchase Brazilian property, which it was hoped would encourage the building of more dwellings.
However, the programme has not been able to keep up with its promises and more affordable housing projects are needed for what Mr German described as the nation's "biggest, most promising market".
Indeed, a recent report from analyst RNCOS stated that domiciles constructed for this demographic would be "the next area of growth" for the sector.
The price of property in Rio de Janeiro has jumped in recent years, with the cost of some dwellings increasing four-fold, real estate investor Ruban Selvanayagam told the news provider.
Individuals looking for opportunities to invest in Brazilian real estate may be spurred on by these rises, as assets could continue to rise in value.
For anyone wishing to invest in the full potential of Brazil's affordable housing market, Property Bond Brazil work closely with local developers to develop affordable housing projects. Due to the demand in this sector, developers are currently looking for new investors to work with them to aid expansion plans. If you are interested in Investing in an affordable housing project, contact Property Bond Brazil. 
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