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My House My Life affordable housing project 'offers opportunities for Brits'

Date added: 1st July, 2011 at 10:11
(view all articles from July, 2011)

Categories: Natural Resources, Property News, Rio, Olympics 2016, World Cup 2014, Social and Affordable Housing in Brazil

Brazil's expanding economy, oil industry and regeneration efforts are attracting UK building firms and the affordable housing project My House My Life (Minha Casa Minha Vida) is one programme in which Brits could get involved.

This is according to Luke McLeod-Roberts, who visited the country on behalf of Building.co.uk to see how easily foreign companies can get involved in construction across the nation.

He noted that there was a lot of work being done to support the oil industry, prepare for the 2014 World Cup and Olympic Games in 2016, to improve infrastructure and to provide low-cost housing.

The writer stated that the government is spending billions of pounds in the favelas of Rio de Janeiro to regenerate the areas.

This includes £27.5 billion on affordable housing projects as part of the My House My Life scheme and extra going towards improving sanitation and security.

Mr McLeod-Roberts said that the country is trying to source expertise within its own borders so that it can sustain its growth but, while domestic professionals will take the lead, there is still work for UK contractors.

Another way in which Brazil is attempting to improve conditions in the shanty towns is by ordering police raids on the areas - a process known as pacification.

The BBC recently reported that this has seen the value of property in Rio de Janeiro rocket, with local estate agent Ronaldo Coelho Netto telling the news provider prices were up nearly 80 per cent compared with last year.

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