Brazil Leads Social Housing Investment | Obelisk International News
Investment opportunities in social housing are available in a number of countries, both in developed nations such as the US and UK, and in emerging markets led by Brazil, China and India. The Brazilian affordable housing programme is relatively young, but its success means it’s becoming a model to follow.
The Brazilian social housing programme, Minha Casa Minha Vida, is the largest single investment in real estate in Brazil. Building 3 million homes by the end of 2014 and less than half way through its schedule, Minha Casa Minha Vida has already made a real difference to ordinary Brazilians’ lives and the huge deficit in the Brazilian property market.
Tangible Results
With just over 1 million social housing units contracted last year, 2011 is seeing the delivery of many project. Almost weekly a Brazilian city proudly announces the completion of another Minha Casa Minha Vida development. Recent examples include Parnamirim in Rio Grande do Norte (452 apartments) and San Carlos in Sao Paulo state (750 houses).
In addition to providing affordable housing for Brazilians and considerably improving living standards, Minha Casa Minha Vida has also created thousands of jobs and injected much-needed funds into local economies. “It’s important to appreciate the holistic nature of the programme,” says Gary Hardacre, CEO of Obelisk International, “and Minha Casa’s effects go beyond reducing some of the housing shortage.”
Worldwide Social Housing Investment
With one of the most ambitious social housing programmes globally, Brazil is seeing results. Reasons for this positive outcome are Minha Casa Minha Vida’s clear objectives, 100% government financing provided by Caixa Economica Federal Bank and effective coordination between Caixa and local authorities.
The situation in other countries – both emerging and developed – is not so bright . In the UK, a recent survey highlighted the huge shortfall in the number of affordable housing units. According to Countryside Alliance, less than one quarter of the over 230,000 homes required are being built this year by local councils.
Among Brazil’s fellow BRIC countries, China and India are both well short of fulfilling social housing investment objectives. China’s problem is lack of funding – finance for development comes from private banks rather than the government. Issues in India are more complex with little progress made since 2008 – just 7,805 people have benefitted out of a target market of 310,000.
Brazilian real estate investment in social housing is serving as a model for other countries. Latin American neighbours, Colombia and Uruguay have approached the Brazilian authorities for advice on affordable housing schemes. China too is reported to be interested in Brazil’s funding of Minha Casa Minha Vida.
Obelisk International was quick to recognise the potential in this investment opportunity. “Minha Casa’s results so far mean we expect to expand on our social housing investment portfolio,” says Mr Hardacre, “as the programme moves forward into 2012.”
Contact Obelisk International on 0034 952 820 319. Via email: info@obeliskinternational.com or visit our website: www.obeliskinternational.com.
Follow us on Twitter, Facebook and LinkedIn.
The Brazilian social housing programme, Minha Casa Minha Vida, is the largest single investment in real estate in Brazil. Building 3 million homes by the end of 2014 and less than half way through its schedule, Minha Casa Minha Vida has already made a real difference to ordinary Brazilians’ lives and the huge deficit in the Brazilian property market.
Tangible Results
With just over 1 million social housing units contracted last year, 2011 is seeing the delivery of many project. Almost weekly a Brazilian city proudly announces the completion of another Minha Casa Minha Vida development. Recent examples include Parnamirim in Rio Grande do Norte (452 apartments) and San Carlos in Sao Paulo state (750 houses).
In addition to providing affordable housing for Brazilians and considerably improving living standards, Minha Casa Minha Vida has also created thousands of jobs and injected much-needed funds into local economies. “It’s important to appreciate the holistic nature of the programme,” says Gary Hardacre, CEO of Obelisk International, “and Minha Casa’s effects go beyond reducing some of the housing shortage.”
Worldwide Social Housing Investment
With one of the most ambitious social housing programmes globally, Brazil is seeing results. Reasons for this positive outcome are Minha Casa Minha Vida’s clear objectives, 100% government financing provided by Caixa Economica Federal Bank and effective coordination between Caixa and local authorities.
The situation in other countries – both emerging and developed – is not so bright . In the UK, a recent survey highlighted the huge shortfall in the number of affordable housing units. According to Countryside Alliance, less than one quarter of the over 230,000 homes required are being built this year by local councils.
Among Brazil’s fellow BRIC countries, China and India are both well short of fulfilling social housing investment objectives. China’s problem is lack of funding – finance for development comes from private banks rather than the government. Issues in India are more complex with little progress made since 2008 – just 7,805 people have benefitted out of a target market of 310,000.
Brazilian real estate investment in social housing is serving as a model for other countries. Latin American neighbours, Colombia and Uruguay have approached the Brazilian authorities for advice on affordable housing schemes. China too is reported to be interested in Brazil’s funding of Minha Casa Minha Vida.
Obelisk International was quick to recognise the potential in this investment opportunity. “Minha Casa’s results so far mean we expect to expand on our social housing investment portfolio,” says Mr Hardacre, “as the programme moves forward into 2012.”
Contact Obelisk International on 0034 952 820 319. Via email: info@obeliskinternational.com or visit our website: www.obeliskinternational.com.
Follow us on Twitter, Facebook and LinkedIn.
Labels: best investments, Brazil property investment, Brazilian real estate, investing in Brazil, investment in Brazil, investment opportunities, Minha Casa Minha Vida, Obelisk International
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