FOR IMMEDIATE RELEASEPressnews.biz (Press Release) Dec 13, 2013 -- The Brazilian Real estate is expanding with the economic growth of the country and due to various incentives undertaken by the federal government which encourages development and investment in the country’s real estate sector. The market for real estate especially for residential real estate is mounting because of the rising income levels among the Brazilian population and huge housing deficit present in the country. The high spending capacity of people has resulted in high rate purchase of residential properties. Because of the rapid increase of middle class population, which accounts for 53% of the Brazilian population; the demand for residential properties, budget and luxury hotels, premium offices and shopping centres is escalating. Further the two major sporting events -2014 FIFA and 2016 Summer Olympics is expected to give a infrastructural boost to the country as Brazil largely suffers from infrastructural deficit. This would induce many investments into this sector which is expected to boom till 2017 in the country. The Brazil real estate market is expected to generate positive and high returns. The demand for real estate in all the segments is anticipated to reach a new record. Though all the four segments would grow substantially but the residential real estate of the country is expected to dominate the market. It is projected to grow at a CAGR of 28.6% on account of increasing demand for residential units in the country which is induced by high levels of income and present scenario of the housing deficit in the country
|Issued By||:||Ken Research Pvt. Ltd.|
|Website||:||Market Research Company|
|Tags||:||Market Research, Industry Repot, Market Size|
|Last Updated||:||Dec 13, 2013|
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