Brazil Housing Demand Set to Post Remarkable Growth
The housing demand in Brazil is projected to reach around 1.8 Million Units by the end of 2014, identified RNCOS in one of its latest research report.
09/07/2011 — The Brazilian housing industry has emerged as the most vibrant and dynamic section of the real-estate industry. With the entry of numerous real-estate developers, availability of finance options, and increasing demand for residential property, the Brazilian housing industry has witnessed stupendous growth in the past. Moreover, the housing demand in the country is projected to reach around 1.8 Million Units by the end of 2014, says new report from, “Brazil Housing Sector Analysis”.
The report identifies that the housing market is experiencing a large demand-supply gap due to the quick expansion of the country’s population and enormous shortage of housing units in the nation. It is however observed that the high demand from low and middle income groups is accredited to fill the demand-supply gap in the country. The government has planned to build over 8 Million housing units in the coming years with extensive participation by the private sector.
Housing sector is the key driver of the cement industry in Brazil. Despite financial turmoil and economic slowdown during the recession, the Brazilian cement industry showed positive growth. It is anticipated that cement consumption will remain almost the same due to the government’s initiative on housing industry and real-estate spending. The booming real estate and construction sector has also created huge demand for the cement industry. With the country hosting both the 2014 FIFA World Cup and 2016 Olympics, it is anticipated that the demand for cement will sustain its positive growth in the coming years also.
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