19.04.2012 - Brazil's real estate market 2012: "Not a bubble"
There is a lot of land to be bought and a lot of buildings to be built. For big projects, it would be very good to have investors that would make it possible to build an entire project at once instead of taking it step by step. The price for a m2 of land is now very high. In the real-estate business I’m now building around 800,000 m2; if you turn that into 100 m2 apartments, you’ll get 8,000 homes. Most of the 800,000 m2 are for the final consumer and not for speculation. The price per m2 in Brasília is one of the highest in Brazil because the land is expensive. You can get less expensive land in São Paulo or Rio de Janeiro...............................................Full Article: Source
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