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.
Ready-to-build projects lead to quick returns
Investors in Brazilian property benefit from ready-to-build projects because of the advantage of "much shorter lead times" before they start earning money, according to Buy Association.
Paul Collins, editor of the property website explained that although off-plan projects are comparatively less expensive, the downside is that buyers have to wait for the project to be completed before they begin to see a return on their investment.
Brazil’s property market in ‘good shape’
Brazil's property market has been described as looking in very good shape by a property expert.
Paul Collins, editor at Buy Association, a property website that offers impartial overseas property advice, explained that the main reason for this was that the South American country has a successful economic base.
UK banks unwilling to lend to property investors
Brazilian property investors looking to expand their respective portfolios might find it difficult to secure finance in the UK as according to LettingFocus.com, banks are looking for excuses not to lend.
David Lawrenson, private rented sector expert at LettingFocus.com, explained that this is creating an environment in which property investors are struggling to get hold of mortgage finance, even if they have been in the game for a long time.
He said: "The banks and building societies are extremely intransigent and looking for any excuses not to lend– it is what we keep hearing."
Mr Lawrenson's comments come hot on the back of a new study from the Association of Residential Letting Agents (Arla) which found that although landlord buying and selling activity rose in the last year, that trend might not continue in 2012.
Brazil shows the world why it’s growing
Brazil has sent out a message to the rest of the world about how to best manage their finances.
Its central bank announced that the South American country's government has exceeded its fiscal target in 2011, reported Bloomberg.
Brazil to focus on construction in 2012
The Brazilian government is to put the construction industry at the top of its agenda this year as it seeks to boost economic growth.
Housing development will be at the centre of this, with president Dilma Rousseff's administration doing all it can to ensure the second stage of a subsidised property program for low income families is a success.
Dilma Rousseff in Cuba to talk business
Brazil’s president is to make her first official visit to Cuba to develop closer trade ties between the two countries.
Dilma Rousseff is to meet Cuba’s leader Raul Castro to discuss how they can move forward for mutual benefit in a new age defined by Brazil’s growing power.
Chevron could face charges over oil spill
The US multinational energy company Chevron might face criminal charges over the offshore oil spill last year.
A Brazilian prosecutor is considering bringing legal action against the company – with the explicit threat of prison sentences – in what could be an $11 billion (approximately £7 billion) civil lawsuit, Reuters reported.
‘Benchmark cut’ creates confidence
The Brazilian house building industry will benefit tremendously if the benchmark lending rate is slashed to below ten per cent.
MRV Engenharia & Participacoes, which is one of the biggest construction and real estate companies in the South American country, saw its stocks rise to a five-month high after news of this possible cut began to spread through the financial sector.
Demand for air travel in Brazil higher than ever
The changing dynamics of Brazil has been reflected in the tripling of demand for flights in the country.
Over the last decade, more people have been able to afford flying in Brazil, boosted by higher incomes and better prices, reported the Associated Press.
