Social housing in Brazil.Big investment gains in Natal R/N

Minha Casa Minha Vida(My house My life)Social housing development in Natal,Brazil

The Brazilian government aims to build 3 million homes in the next 4 years to meet the needs of low-income families.This is a massive nationwide project and will go a long way to reduce the housing shortfall in
Brazil.
The government is offering over 100billion reals in mortgages through its nationalized bank to provide house buyers with low-interest loans, and low monthly re-payments.Only those households with earnings between 0-5 times the minimum monthly salary(510rs) can apply for the programme and the waiting lists are long as millions of families strive to join the property owning classes for the first time.
The government cannot build houses fast enough to meet demand and developers have come in from the private sector to fill the gap.There are still over 100,000  families on the MCMV waiting list here in Natal.This creates a very favorable  climate for investors/developers as the returns on sale are guaranteed with a short period between house completion and sale.
So that is the overview.
Now for the numbers!

I was talking with my partner about the logistics of investing in a social housing project here in Natal.He is a project manager for a big Brazilian construction firm and is currently involved in the building of
1500 popular houses for an American client in the interior of Rio Grande do Norte.
Costs are between 26-31,000rs to build a 2 bed house of around 70m2
This unit can then be sold for  65-75,000rs through the nationalized bank or another lending institute.

The construction company charge a flat fee of 5000reals plus cost on each unit and can build 1-50 homes in 5 weeks providing the capital is available.The  firm can carry out a feasibility study on the land to see what can be built plus provide a master-plan of the project and an architectural design for one house.This project can then be submitted to the authorities for licensing and you can start selling the units off-plan/pre-construction.

We have sourced a variety of land parcels in prime locations for these types of housing projects.Go to the following link for information and photos on our latest special offer for a 6500m2 roadside landplot in Extremoz,Natal.The parcel is selling for R$130,000 with a possible subdivision into 25 units.

http://www.facebook.com/media/set/?set=a.194784403902306.49907.126654720715275#!/media/set/?set=a.194784403902306.49907.126654720715275

Feel free to contact us for more details.


Mike Smith
Real Estate Professional in Brazil
License number;3125

Tel;      NATAL,BRAZIL 
Office  ; 0055 84 3225 2108
Cellular; 0055 84 8807 5651
SKYPE   ; mikebrazilbeachhouse

E-mail ;  mike@brazbeachhouse.com
Website;  http://www.brazbeachhouse.com/
Facebook;
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