Housetech Developments Welcomes the Release of Latest Brazilian Property Market Statistics

Birmingham, United Kingdom (PressExposure) March 12, 2012 -- Brazilian based company, Housetech Developments, has welcomed the release of property market statistics for the final quarter of the year. As the Brazilian property market continues to grow, many investors from around the world, Housetech included, have found it to be an ideal opportunity to see a return on their investments.

Much of the attention on the Brazilian real estate market is due to the decline of other markets across the world, whereas Brazil has seen a boom in many areas, not least its economy and the property market. In recent months Brazil has leap frogged Britain in the 'economic rankings' and the Brazilian government has pledged to put construction and development at the top of its agenda for 2012.

During the final quarter of the year, a report published by property consultant specialists Cushman and Wakefield, revealed that net figures for property growth across all cities in the nation stood at 52.3% higher than those of previous years.

In the rental market, average prices have seen a steady increase of 2.5% per cent year upon year and currently stands at approximately R$71.50 (£25.56) per square metre per month. In Sao Paolo in particular, the central business sector showed figures that far exceed the national average seeing a 22.6% annual increase in rental prices over the last 12 months.

Waseem Saddique, CEO of Housetech Developments said: "Housetech welcomes the growth because high demand and limited supply means we are able to invest and supply more to the property market. For us in particular much of our investment takes place in Rio de Janeiro."

By the end of 2012, a recent global survey carried out by the Royal Institution of Chartered Surveyors, predicted that this trend in the Brazilian real estate market will continue to grow and will do for some time to come. It is predicted that capital values and rents will continue to rise at exponential rates.

For Housetech Developments this is further great news and with the FIFA World Cup on the horizon in 2014 and with the Olympics to follow in 2016, the future for Housetech Developments and the Brazilian real estate market looks very bright.

Waseem Saddique added: "we encourage investment into the Brazilian property market because in its present state the potential returns are worth the investment. There are significantly high profit margins and it means that affordable homes in the rental market are made accessible to people that require them."

About Housetech Developments

Dedicated to the meticulous creation of comfortable living spaces, inspirational leisure & work environments, Housetech Construction emerged with an ambitious vision of developing as one of the most trusted brand names in real estate.

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Press Release Submitted On: March 12, 2012 at 6:21 am
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