By Companies related to the real estate sector also want to enjoy this positive context and are determined to seize this opportunity that is presenting them on the market. So it is that in recent years, have come to look for capital to be able to carry out their investment projects and such this boom, that currently there are 22 real estate companies with initial public offering on the Brazilian stock exchange. In a previous article I talked Rossi Residencial SA (BSVP:RSID3), one of the leading development companies in real sector estate of Brazil, with great potential and good indicators of growth. But it is not the only company in the sector with good prospects. The Related Companies has firm opinions on the matter. Also found Cyrela Brazil Realty (NYSE:CYRBY;BVSP:CYRE3), the first Brazilian company in the sector that placed shares preferred in the U.S. capital market.UU.
US $80 million, in 2005 took his admission to the Bovespa and in January 2007, Cyrela Brazil Realty went on to compose the Ibovespa index, being the first company in the sector of in doing so. Since listing on the stock exchange, Cyrela began through strategic alliances, to achieve strong growth. In 2006, Cyrela Brazil Realty launched 42 ventures. Cyrela recently partnered with argentina IRSA (NYSE:IRS, MVAL:IRS), to make an investment of $80 million. In the Argentina built a complex of six buildings of luxury, baptized Horizons, which will be completed by the end of 2010. You will find us again tomorrow, Horacio Pozzo Autor original and source of the article.
Development in the real estate sector, which has been observed since 2005 product of the start-up of new rules that loosened the purchase conditions and they allowed the current boom together with the economic improvement of the population which brings it closer to being able to buy a home. As in most Latin American countries, the housing deficit in Brazil is very high, so that improvements in the purchasing power of the population and greater access to funding give a great dynamism to the potential demand for housing. The easing of conditions in the granting of mortgage loans was of such impact that the granting of mortgage loans grew 3.6 times from 2004 to 2007. New mortgage loans will arrive in the R $ 23 billion this year and will exceed in up to 35% on 2007 results for Jose Pereira Goncalves, director of Brazilian entities Association of real estate credit and savings. Gold and oil marked RECORDS – our newsletter of investment, outstanding investments, has obtained profits of up to 700% with companies such as Suncor Energy (NYSE: his) of the hand of the oil boom in this newsletter you will find companies that have benefited from this boom in commodities. And these hikes don’t stop: If you want to know our portfolio of investment and our latest recommendations, click here. The improvement in the economic situation of the Brazilians and greater access to financing for users, joins another factor that is driving demand in the real estate sector of Brazil.