Foreign Investment in Minha Casa Minha Vida Social Housing Continues to Rise
If you ask any investment advisor or browse any alternative investment news website you'll soon discover that the main topic is Brazilian real estate investments, mainly Minha Casa, Minha Vida social housing Investments.
Ask any investment advisor or company or go and browse any alternative investment news website and the main topic is Brazilian real estate investments, and the main focus is the governments Minha Casa, Minha Vida (My House My Life) programme. But why all the interest in the country? and what is this programme all about? There is currently a massive property boom going on in all of Brazil's main cities and it's being fuelled by the demand for affordable residential housing.
Brazil's economy has improved a great deal in recent years and is now the 6th largest economy in the world, there has also been a swift increase in general wealth of it's people. This has meant an unparalleled demand for reasonably priced housing. The rapidly growing middle classes, for one thing, have needed many more affordable homes to purchase than were previously available. Coupled with this is the situation of those whose present accommodation is sadly unsatisfactory or below standard.
The solution to this housing shortage was an idea first put onto the table by the previous president of Brazil Lula da Silva way back in 2008 which was to build affordable housing for the growing middle classes and to have set sale prices, one hundred percent mortgages provided by Brazil's federal bank and strict rules for purchase of a property to avoid these homes being bought and sold by the wrong people who were simply out to make a profit and to make certain that these homes went to middle class Brazilian families who needed then and who previously had little hope of getting onto the property ladder. The programme was finally launched 2009 and was welcomed both by the Brazilian media and the public. The name given to this programme was Minha Casa Minha Vida, which translates to my house, my life. Within the programmes first year tens of thousands of homes were built and sold and the scheme was seen as a huge success. Now approaching it's forth year interest in the programme by foreign investors has grown significantly with investors from the United Kingdom, the United States, Asia and the Middle East investing heavily in the programme.
The reason that this programme is so popular with investors from around the world is that is marketed as the safest foreign real estate investment currently available, the programme is a backed by the Brazilian federal government and there are millions of families on the waiting list so that once a home is completed it is instantly sold and the investors funds, plus profits are returned, usually within 12 months. Investment is through actually developers who are building the homes and not through a third party investment company.
With any popular investment, once it is well known enough all the conmen and dodgy investment companies seem to come out of the woodwork keen to take your money and then vanish, so be cautious and bear in mind these simple points that could save you from being a victim of a con. You should be investing direct with a developer and not an investment company, the developer will use your investment to build one or more units and return your investment plus profit in around 12 months, minimum investment is usually between £23,000 and £25,000 and because the final sale price of these properties is set by the Brazilian federal government your profit is set also and genuine companies are offering between 18% and 22% depending on how many units you invest in, a company offering a too good to be true return on investments ( I've seen one dodgy company claiming 80% ROI) should be avoided like the plague.
In summary, anyone wanting to Invest in Brazil and it's booming economy should consider Minha Casa Minha Vida Social Housing Investments, if your cautious and fully research who your investing through you can turn a tidy profit from this safe and secure investment.
Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHOR
Through the EcoHouse Group, The Brazilian Government and the popular Minha Casa Minha Vida Social Housing Scheme you too can Invest In Brazil safely and securely with zero risk and minimal investment funds.