Not only is Brazil better than it was it is better than most of the alternatives. My mama used to tell me, “If you can’t say something good, don’t say anything.” I haven’t written much lately. Finally, looking through the economic data on the internet, a bright spot appears. For the real estate business, two important indicators are the “Production of Construction Inputs” and “Real Wages in the Manufacturing Sector”. Almost every sector shows improvement over the last several months.
“Production of Construction Inputs” has increased, as has steel production, to almost mid-2008 levels. ( The Brazilian economy was much slower going into recession than the rest of the world.) This means people are building again. Jose Augusto Pereira Nunes of Algebra Realty in Miami tells me that in northern Brazil, foreigners are buying. In Sao Paulo, the commercial business is largely foreign; but the residential sector is mostly domestic.
“Real Wages in the Manufacturing Sector” is important because it indicates that people will have the money to buy. This is probably why residential purchases are improving in Sao Paulo. It is nice to say something nice.
David Segrest is a REALTOR® in Charlotte NC. His website is http://www.segrestrealty.com/ His email is david@segrestrealty.com He is also a contributor on Argentina to: http://realestatebloginternational.com/
Showing posts with label Brazil. Show all posts
Showing posts with label Brazil. Show all posts
Monday, November 2, 2009
Thursday, August 21, 2008
South American Spring
South American Spring
One of the things I really love about South America is the ability to enjoy Spring and Fall twice. CIA (Camara Inmobiliaria Argentina) and SECOVI (The Sao Paulo real estate professionals) are both having conferences in September. I will be enjoying Spring in both of them. Another Brazilian group Conaci is having a conference in Fortaleza. Fortaleza is pretty close to the equator. You can’t really call the season there Spring. All you can call it is hot.
SECOVI really knows how to put on a conference. The day before the conference begins they have the Premio Master Imobliaria, which the 1st stage for the FIABCI Prix de Exellence. This real estate award ceremony is held in the old railway station in Sao Paulo, which has been completely refurbished to a very high standard of excellence. The speakers at this conference are always fantastic. One year they had President Cardoso. They also have a Chef who could cook at any 5 star restaurant anywhere in the world. More info at http://www.convencaosecovi.com.br
The Argentines are having their conference at the Hilton in Puerto Madero, Buenos Aires. The conference is called Mundo Inmobiliario 2008. Information can be accessed at http://www.mundoinmobiliario.com.ar There is an all star, action packed two days of intense education. Plan to stay an extra day or two to really enjoy Buenos Aires.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
One of the things I really love about South America is the ability to enjoy Spring and Fall twice. CIA (Camara Inmobiliaria Argentina) and SECOVI (The Sao Paulo real estate professionals) are both having conferences in September. I will be enjoying Spring in both of them. Another Brazilian group Conaci is having a conference in Fortaleza. Fortaleza is pretty close to the equator. You can’t really call the season there Spring. All you can call it is hot.
SECOVI really knows how to put on a conference. The day before the conference begins they have the Premio Master Imobliaria, which the 1st stage for the FIABCI Prix de Exellence. This real estate award ceremony is held in the old railway station in Sao Paulo, which has been completely refurbished to a very high standard of excellence. The speakers at this conference are always fantastic. One year they had President Cardoso. They also have a Chef who could cook at any 5 star restaurant anywhere in the world. More info at http://www.convencaosecovi.com.br
The Argentines are having their conference at the Hilton in Puerto Madero, Buenos Aires. The conference is called Mundo Inmobiliario 2008. Information can be accessed at http://www.mundoinmobiliario.com.ar There is an all star, action packed two days of intense education. Plan to stay an extra day or two to really enjoy Buenos Aires.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
Sunday, August 3, 2008
How They Survived Hard Times in Brazil
How They Survived Hard Times in Brazil
My first trip to Sao Paulo was right after the devaluation of the Real. Everything I had read in the economist and elsewhere had prepared me to see and economic wasteland. Instead I saw building cranes everywhere. The demand was there the creative brokers and developers adapted to meet the demand.
What they did was this. As soon as the project was conceived a billboard and a trailer were erected on the site with pictures, models, sales agents and brochures. Every street corner for miles around was adorned with a beautiful Brazilian lady passing out brochures. The Brazilian ladies are all gorgeous. The Brazilian men are all macho. This is a perfect combination. The financing is what is really creative though.
The buyer picks out their unit and puts a sizeable deposit. They begin making monthly payments. Interest rates are high in Brazil; so the money accrues quickly. By the time the project is finished in about 3 years, the unit is paid for. The people move into a paid for home. The money deposit is guaranteed by a builder’s association. This solves another problem too. Many people were building without permits. The deposits are only insured for permitted projects.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
My first trip to Sao Paulo was right after the devaluation of the Real. Everything I had read in the economist and elsewhere had prepared me to see and economic wasteland. Instead I saw building cranes everywhere. The demand was there the creative brokers and developers adapted to meet the demand.
What they did was this. As soon as the project was conceived a billboard and a trailer were erected on the site with pictures, models, sales agents and brochures. Every street corner for miles around was adorned with a beautiful Brazilian lady passing out brochures. The Brazilian ladies are all gorgeous. The Brazilian men are all macho. This is a perfect combination. The financing is what is really creative though.
The buyer picks out their unit and puts a sizeable deposit. They begin making monthly payments. Interest rates are high in Brazil; so the money accrues quickly. By the time the project is finished in about 3 years, the unit is paid for. The people move into a paid for home. The money deposit is guaranteed by a builder’s association. This solves another problem too. Many people were building without permits. The deposits are only insured for permitted projects.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
Thursday, December 13, 2007
Rocket Economy and Real Estate
Rocket Economy and Real Estate
Brazil has the fastest growing economy in the world. Lula (elected on the socialist Workers Party ticket) has turned out to be great for capitalism. Lula’s fiscally conservative policies have strengthened the economy and the middle class. His social programs have boosted 36 million people from poverty to lower middle class.
What does this mean for real estate? It means demand. According to the National Real Estate Investor magazine http://www.nreionline.com , office rents jumped 25% from 2005 to 2006 and 28% from 2006 to 2007. Demand for retail space is still strong and demand for housing is really skyrocketing.
Brazil is an excellent example of what South America needs. For too long the wealthy people have had their status preserved by benefiting disproportionately when times are good and moving their money out of the countries when times are bad. Lula has used the national wealth to build the prosperity of everyone and expand the middle class (which is the backbone of any successful economy). Hugo Chavez is a perfect example of the old style South American caudillo. He is using the wealth generated by the surge in oil prices to bolster his own position and feed his own follies.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
Brazil has the fastest growing economy in the world. Lula (elected on the socialist Workers Party ticket) has turned out to be great for capitalism. Lula’s fiscally conservative policies have strengthened the economy and the middle class. His social programs have boosted 36 million people from poverty to lower middle class.
What does this mean for real estate? It means demand. According to the National Real Estate Investor magazine http://www.nreionline.com , office rents jumped 25% from 2005 to 2006 and 28% from 2006 to 2007. Demand for retail space is still strong and demand for housing is really skyrocketing.
Brazil is an excellent example of what South America needs. For too long the wealthy people have had their status preserved by benefiting disproportionately when times are good and moving their money out of the countries when times are bad. Lula has used the national wealth to build the prosperity of everyone and expand the middle class (which is the backbone of any successful economy). Hugo Chavez is a perfect example of the old style South American caudillo. He is using the wealth generated by the surge in oil prices to bolster his own position and feed his own follies.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
Subscribe to:
Posts (Atom)
