Shortfall of houses in Brazil
The booming housing industry in Brazil is resulting in an imbalance in the supply and demand chain, according to a new report.
Entitled The Construction Wood Industry in Bric Countries, the study claims that the South American country is currently experiencing a shortfall of seven million housing units.
With Brazil's economic boom unlikely to slow down, this figure will rise to 12 million units, unless something is done now.
The government needs to develop sound policies to meet the challenges of a growing population coupled with swift urbanisation.
"Residential construction was the most-popular and fastest-growing end-user market in Brazil during the review period, accounting for 63.6 per cent of the country's total construction wood market in 2011," the report stated.
"Brazil will host the 2014 FIFA World Cup and 2016 Olympic Games, which will support the expansion of Brazil's construction industry."
In other related news, Paul Collins, editor of Buy Association, stated that investors can see quick returns on ready-to-build projects in the Latin American country.
Posted by Ian Carver