Keeping up with Brazilian Real Estate Boom | Obelisk International News
The Brazilian government has just introduced new training initiatives to ensure Brazil keeps pace with construction work. The volume of building in the Brazilian real estate sector is so high that around 500,000 more professionals are needed.
Huge investment in Brazilian property, from both private and government sources, means the industry is currently undergoing massive expansion. One of the challenges facing this boom in real estate in Brazil is keeping up with the supply of workers.
New Courses
According to the latest edition of ‘Valor Economico’, the government has just announced funding for construction skills courses to train 25,000 workers in basic building skills. To be held throughout Brazil, the courses will provide training for jobs such as brick laying, painting, plumbing and joinery.
Courses are also in the pipeline for training in preparation for the 2014 World Cup, also a focus of major investment in Brazil. These courses will concentrate specifically on tourism and transport, two key infrastructure areas of the sporting event. Over 25,000 Brazilians will benefit from this training. In total, courses will be in place for training around 80,000 people in construction in Brazil.
However, the current volume of building work in the Brazilian real estate sector requires a higher number of professionals. According to the Brazilian Employment and Business Ministry, 500,000 people need to be trained if Brazil is to keep pace with demand for properties. The Ministry’s Director for Training, Ana Paula da Silva, says the government is planning to introduce further initiatives to keep up the supply of trained professionals.
Booming Construction in Brazil
Property in Brazil is, along with the commodity and agricultural industries, one of the most buoyant sectors of the Brazilian economy. In 2006, Brazilian real estate construction employed 1.8 million people. This figure rose to 2.8 million in 2010 when the sector generated 320,000 jobs, 13% more than in 2009. Unsurprisingly, unemployment in construction in Brazil is virtually non-existent.
Obelisk International expect this trend to continue for the next few years as the building industry strives to keep up with demand for properties in Brazil. Figures recently released from the Statistical Agency show that the National Index for Construction rose by 0.52% in March. This translates into a year-on-year variation of 6.88%, confirming the ever-increasing volume in construction of infrastructure and real estate in Brazil.
Once again, north east Brazil had one of the highest regional increases in the monthly construction index. This part of Brazil is consistently showing a high volume of construction of properties and has been earmarked by many developers in Brazil, including Obelisk International, as a key area for Brazilian investment.
Contact Obelisk International on 0034 952 820 319. Via email: info@obeliskinternational.com or visit our website: www.obeliskinternational.com.
Follow us on Twitter (Obelisk International) and LinkedIn (Obelisk International).
Huge investment in Brazilian property, from both private and government sources, means the industry is currently undergoing massive expansion. One of the challenges facing this boom in real estate in Brazil is keeping up with the supply of workers.
New Courses
According to the latest edition of ‘Valor Economico’, the government has just announced funding for construction skills courses to train 25,000 workers in basic building skills. To be held throughout Brazil, the courses will provide training for jobs such as brick laying, painting, plumbing and joinery.
Courses are also in the pipeline for training in preparation for the 2014 World Cup, also a focus of major investment in Brazil. These courses will concentrate specifically on tourism and transport, two key infrastructure areas of the sporting event. Over 25,000 Brazilians will benefit from this training. In total, courses will be in place for training around 80,000 people in construction in Brazil.
However, the current volume of building work in the Brazilian real estate sector requires a higher number of professionals. According to the Brazilian Employment and Business Ministry, 500,000 people need to be trained if Brazil is to keep pace with demand for properties. The Ministry’s Director for Training, Ana Paula da Silva, says the government is planning to introduce further initiatives to keep up the supply of trained professionals.
Booming Construction in Brazil
Property in Brazil is, along with the commodity and agricultural industries, one of the most buoyant sectors of the Brazilian economy. In 2006, Brazilian real estate construction employed 1.8 million people. This figure rose to 2.8 million in 2010 when the sector generated 320,000 jobs, 13% more than in 2009. Unsurprisingly, unemployment in construction in Brazil is virtually non-existent.
Obelisk International expect this trend to continue for the next few years as the building industry strives to keep up with demand for properties in Brazil. Figures recently released from the Statistical Agency show that the National Index for Construction rose by 0.52% in March. This translates into a year-on-year variation of 6.88%, confirming the ever-increasing volume in construction of infrastructure and real estate in Brazil.
Once again, north east Brazil had one of the highest regional increases in the monthly construction index. This part of Brazil is consistently showing a high volume of construction of properties and has been earmarked by many developers in Brazil, including Obelisk International, as a key area for Brazilian investment.
Contact Obelisk International on 0034 952 820 319. Via email: info@obeliskinternational.com or visit our website: www.obeliskinternational.com.
Follow us on Twitter (Obelisk International) and LinkedIn (Obelisk International).
Labels: Brazil, Brazil property investment, Brazilian real estate, investing in Brazil, investment in Brazil, investments, MCMV, Minha Casa Minha Vida, Obelisk International, property investment
posted by Alison Kane at 5:40 pm
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