Ratings firm Fitch have affirmed the long term rating of Caixa Economica Federal (Caixa),to 'AAA(bra)' with a stable outlook due to the support the bank gets from the government (Source: Reuters 20th July)...In fact the government backed scheme has been running since 2009 and the signs are that investment is still gathering pace.”
People who could not previously afford to buy a property are now being given the means to do so, particularly in hotspot Minha Casa Minha Vida cities like Natal according to Colordarcy.
If investors can imagine investing in Britain back in those early days and what that investment would be worth now – it is easy to see what an effect Minha Casa, Minha Vida will have on the growth of Brazil’s property investment market, both now and in the future.
Home ownership in the UK grew from 55% of the population in 1980 to 64% by 1987 and 67% by 1990 (Source: ONS). If Minha Casa Minha Vida has a similar impact on the Brazil property market, there could be a decade of growth for investors to look forward to.
Notes to the editor:
Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide. Colordarcy investment property portfolio includes some of the best properties for sale in Brazil, Florida, Turkey and the United Kingdom.
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