Brazilian Real Estate Index On The Way

Although the Brazilian property market is relatively young, it is maturing fast. One of the latest developments is the forthcoming official price index.

2011-03-03

MALAGA, SPAIN, March 03, 2011 (Press-News.org) Although the Brazilian property market is relatively young, it is maturing fast. One of the latest developments is the forthcoming official price index.
Investment in Brazilian real estate has increased hugely over the last two years, a tendency expected to last at least for the next decade. Accompanying the massive property investment has been a rapid rise in the prices of property in Brazil.
Keen to increase transparency within the real estate market (and by extension, investment), Brazil's President Dilma Rousseff is promoting the imminent arrival of the Brazilian Property Price Index. The Index was first instigated by the Brazilian Central Bank and the Minister of Finance.

A Methodology for Brazilian Property

The Property Index will be used to compare prices for different types of property in Brazil, both residential and commercial, over periods of time. Experts believe the Index will allow the Brazilian property market to be monitored and help avoid potential bubbles and crashes in the future, suffered by so many other property investment destinations recently.
The Brazilian property situation is complex and varies widely from region to region. Although there's a countrywide shortage of real estate, Brazil's huge population and disparate income levels mean it's difficult for a methodology to compare like for like.
Government and Caixa experts have been analysing different property price indices around the world to find the best methodology for Brazil. Property indices used in Australia, New Zealand, Spain and the US are thought to be the ones that best reflect the reality of the Brazilian property market.

The First Stages

The first index of property prices in Brazil is currently being compiled by the Brazilian Statistical Institute (IBGE) and Caixa bank (the government-owned bank responsible for all financing of Minha Vida Minha Casa investment). Caixa has already mapped out prices in real estate sectors in the areas in Brazil where it provides mortgages.
The initial stages of the first index for real estate in Brazil will compare the values of properties in five capitals. Once the Index is up and running, it will feature the prices of houses and apartments across Brazil.
The Index's primary use will be for Brazilian real estate agents and investors as it will a fair assessment of property values. Caixa also plans to use the Index as a means of determining values for mortgages in Brazil.
For Obelisk International, the imminent implantation of the Brazilian Real Estate Index is undoubtedly good news. The Index will provide a very useful tool for investment in Brazil as well as allowing greater transparency in the market. Obelisk International also believes that the Index shows Brazil is moving towards maturity as a property investment destination.

About Obelisk International: Obelisk International offers select investment opportunities in Brazil in a range of sectors such as residential real estate, construction and social housing. Obelisk gives investors security, profitability and diversity thanks to a combination of close attention to our clients' investment requirements and high quality in-house research and analysis.
For more information on investment in Brazil and to find out about Obelisk International's latest projects there, contact us on 0034 952 820 319. Via email: info@obeliskinternational.com or visit our website: http://www.obeliskinternational.com.

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Brazilian Real Estate Index On The Way

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