Words: Ashley Rigg
Published: 22nd September 2009
Brazil to construct 1 million new homes by 2011
The Brazilian government is planning to build one million new residential properties between now and 2011 according to HomesOverseas.co.uk.
The properties will be built to improve the quality of property stock and help house the growing middle class population.
Both Brazil’s economy and real estate sector have performed relatively strongly in recent years. Although most overseas buyers head for Natal and the North East, the country’s big cities and university towns offer excellent yields according to Global Property Guide.
The country’s mortgage market is also set to mature which will raise local demand significantly. Billionaire US investor
Sam Zell recently announced his intentions to take advantage of this nascent market.
Full story on
Homes Overseas
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