Brazilian middle classes drive demand for affordable housing projects
Date added: 17th November, 2010 at 09:10
(view all articles from November, 2010)
Categories: Property News, Rio
A growing middle class demographic is driving demand for affordable housing projects in Brazil.
This is according to Turkish news provider Altinkum Didim Today, which said foreign investors buying second homes in the country were also supporting the real estate market.
Property in Rio de Janeiro is seen as a good opportunity, tipped as a "hotspot" for speculators, the information source added.
The city's real estate market is being buoyed by regeneration programmes and the planned development of a high-speed bullet train.
Running between the settlement and Sao Paulo, the public transport service will cost R$34 billion (£12.3 billion), while the Moror Carioca scheme, which will see improvements to housing and infrastructure, is to see R$8 billion of investment in Rio, the article reported.
Roberto Pimento, a senior broker, recently told Property Wire demand for property in Copacabana is already on the rise as a result of the regeneration programme.
For anyone wishing to invest in the full potential of Brazil, Property Bond Brazil has an excellent array of affordable housing projects in Brazil.
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