Bubble trouble in Brazil
Property prices are skyrocketing in Brazil. The construction sector is booming. And the mortgage market is expanding rapidly. But there is a growing concern that all this is unsustainable. And imbalances in the economy - an overvalued currency and high inflation - are exacerbating the dangers of the looming credit and property bubble.
The average asking prices of new apartments across the country soared by 24.7% in April 2011 from a year earlier, according to Exame Magazine (using data from Ibope Intelligence, the largest Brazilian market intelligence firm).
Based on the Ibope Intelligence figures, in April 2011:
*In Ipanema, Rio de Janeiro's most expensive district, the average price of new properties rose 36% y-o-y to BRL13,031 (US$8,212) per sq. m., while the price of existing properties increased 25% y-o-y to BRL12,134 (US$7,646) per sq. m.
*In Jardim Paulista, Sao Paolo's most expensive district, the average price of new properties rose 39% y-o-y to BRL9,120 per sq. m (US$5,747); the average price of existing properties escalated 49% y-o-y to BRL6,959 (US$4,385) per sq. m.
The FIPE ZAP Index of Dwelling Price Offers shows Sao Paolo dwelling prices up 25.9% during the year to April 2011, and up 83.7% over the past 3 years.
In just two years (2008-2010), the average selling price of new one-bedroom apartments in São Paulo almost doubled. Newly launched two to four-bedroom apartments increased in value by between 40% and 60% over the same period, according to Embraesp, a local real estate research firm.
Looking longer term, from 1996 to 2010, prices of newly launched apartments in São Paolo rose by almost 229% (131.6% in real terms), according to Embraesp, as the accompanying graph shows. For all years since 1996 price rises have been strongly positive, except in 2007, when house prices dropped slightly due
China is going to have a collapse soon. In the last ten years the new construction market has grown at 30% per yer. Its being supported by government paying for massive new real estate development. One day the Gov't in China is going to quit paying for this expansion and then it's really going to hurt.
Property and Construction Research Group
Research in property and construction covers a wide range of activities. While we are interested in every aspect of research in property and construction, there are particular areas we specialise in. These include property valuation, construction and project management, construction economics, and energy use in buildings.
In property and planning, our recent research has focused on business improvement districts, the use of taxation in sustainable development, and property and development finance. Property research has also focused on commercial leases and rent reviews.
Research into the technical aspects of construction concerns the role of building services and design technology for low carbon building. Other research is concerned with fibre-reinforced concrete, passive solar design, and energy issues of the built environment.
Our construction management research focuses on incentivisation schemes in project management, risk management of projects and project finance. Research in construction economics has been in infrastructure markets, international construction and economic theory applied to the construction sector.
For further information, please contact Dr Stephen Gruneberg on s.gruneberg@westminster.ac.uk
Areas of expertise
Construction technology
Low energy
Fibre-reinforced sprayed concrete
Building conservation
Construction management
Project and organisation, risk
Property
Valuation Finance
Construction economics
International construction
Construction markets
Construction labour
Specialist contractors
Economic theory of construction
Staff research interests and outputs
Debbie Ancell - sustainability, construction forensics
Martin Ball - Project management
John Begg - energy use in housing
Tony Burke - building conservation, adaptation and usage of buildings.
Masi Farjadmand - fibre reinforced sprayed concrete
Colin Gleeson - low energy building and implications.
Monica Grinfeld - energy conser
From "Boynton Beach" and "West Palm Beach" to "Royal Palm Beach" and "Palm Beach Garden" to "Jupiter", we have an assortment property management services and property rentals to suit your needs. If you are looking for property, then we have video tours of every piece of property we manage for our clients. If you are looking for someone to manage your property, know that our property management services is cost-efficient and reliable.
From "Boynton Beach" and "West Palm Beach" to "Royal Palm Beach" and "Palm Beach Garden" to "Jupiter", we have an assortment property management services and property rentals to suit your needs. If you are looking for property, then we have video tours of every piece of property we manage for our clients. If you are looking for someone to manage your property, know that our property management services is cost-efficient and reliable.
From "Boynton Beach" and "West Palm Beach" to "Royal Palm Beach" and "Palm Beach Garden" to "Jupiter", we have an assortment property management services and property rentals to suit your needs. If you are looking for property, then we have video tours of every piece of property we manage for our clients. If you are looking for someone to manage your property, know that our property management services is cost-efficient and reliable.
Hiring a Palm Beach Garden property management company can be a tough one as most charge you some kind of management fee while your property is still vacant. Fortunately, not all property management companies charge that fee. With http://www.homepropertymanagement.com/, you get a Palm Beach Garden Property Management Company that charges you a management fee only after the property has been rented out.
Hiring a Palm Beach Garden property management company can be a tough one as most charge you some kind of management fee while your property is still vacant. Fortunately, not all property management companies charge that fee. With http://www.homepropertymanagement.com/, you get a Palm Beach Garden Property Management Company that charges you a management fee only after the property has been rented out.
Hiring a Palm Beach Garden property management company can be a tough one as most charge you some kind of management fee while your property is still vacant. Fortunately, not all property management companies charge that fee. With http://www.homepropertymanagement.com/, you get a Palm Beach Garden Property Management Company that charges you a management fee only after the property has been rented out.
Whether you've got yet to start out on your property investment journey, or perhaps only have one investment property under your belt, you'll be asking yourself what's the simplest way to build a property portfolio. High Income Property can help you to build property portfolio growth through expert advice on investment strategies and property portfolio management.
We are the proven Property Management experts is Melbourne. Melbourne Real Estate has ensured that our team has an in depth knowledge of this exciting suburb.
This includes the market dynamics within the rental property arena. The team at Melbourne Real Estate will ensure that your property investment is performing as it should be.
We are the proven Property Management experts in Melbourne. Melbourne Real Estate has ensured that our team has an in depth knowledge of this exciting suburb. This includes the market dynamics within the rental property arena. The team at Melbourne Real Estate will ensure that your property investment is performing as it should be.
We are the proven Property Management experts in Melbourne. Melbourne Real Estate has ensured that our team has an in depth knowledge of this exciting suburb. This includes the market dynamics within the rental property arena. The team at Melbourne Real Estate will ensure that your property investment is performing as it should be.
We are the proven Property Management experts in Melbourne. Melbourne Real Estate has ensured that our team has an in depth knowledge of this exciting suburb. This includes the market dynamics within the rental property arena. The team at Melbourne Real Estate will ensure that your property investment is performing as it should be.
If you're planning for a self managed super fund property investment in NSW, you could produce substantial, long-term returns or it can be a costly mistake, so it's crucial for you to do it right. Here are some important SMSF property investment options for you, and so it's important to understand which one might be right for you. At High Income Property, we are specialists in SMSF property investment in NSW and can provide expert advice on buying all forms of SMSF property.
Info Bandung property for sale, property for rent Bandung, cheap property Bandung, Bandung advertising buying and selling property, property cluster Bandung. Listing sale Bandung: search the property is sold, leased property and housing Bandung.
Info Bekasi property for sale, property for rent Bekasi, cheap property Bekasi, Bekasi advertising buying and selling property, property cluster Bekasi. Listing sale bekasi: search the property is sold, leased property and housing.