Obelisk International

A chronic shortage of property and 1.5 million new families a year bring strong growth for the Brazilian real estate market. And with 20% growth predictions for the next five years, the carnival continues for property in Brazil.

Obelisk International announces the launch of the definitive information site for Minha Casa Minha Vida investments. This new site provides investors with vital insight into a niche market in Brazilian real estate.

The changing face of the Brazilian middle class brings new challenges to domestic and foreign investment in Brazil. Once content with cheap promotions, the middle class is now more discerning and looking for quality.

The first official index tracking Brazilian real estate is about to become a reality. The first state and regional statistics are expected by the end of this year.

Clear evidence of the expansion of the Brazilian property market comes with the news that 67% of the Brazilian population are in a position to buy a home. And this percentage is rising with the implementation of Minha Casa Minha Vida.

Foreign investment in Brazil in 2010 was the fifth highest in the world. Within South America, Brazilian investment is the main focus for foreigners.

The draw for the first Minha Casa Minha Vida development in Parnamirim took place recently. 352 families are now the lucky owners of apartments in the largest programme for property investment in Brazil.

The 2014 World Cup means big business for Brazilian investments, employment and the economy generally. Latest figures point to economic growth in excess of US$70 billion.

New York recently hosted the Bloomberg Link Brazil Conference. The event brought together Brazilian investment experts and their views on Brazil’s economy and future.

With the publication of the rules and regulations for Minha Casa Minha Vida 2, pre-approval for the development of 860,000 homes should soon be underway.