New Brazilian property investment helps to solve housing deficit
Emerald Knight, the ethical investment specialist, is offering an exclusive opportunity to invest in a social housing scheme in Brazil, with projected fixed returns of 20% after one year.
With a population now exceeding 200 million, lower-income families in Brazil are facing a housing deficit of 8 million homes, and this is set to grow to over 12 million by 2023. The country needs more homes, and Emerald Knight is offering investors the opportunity to help solve this problem.
The social housing project, located in Natal, is part of the ‘Minha Casa, Minha Vida’ (My House, My Life) scheme which was launched in 2009 by the Brazilian government in order to tackle the problem of property supply, and which aims to build three million homes over a five-year period.
Emerald Knight Director James Howard, says: “Property supply in Brazil simply can’t keep up with demand, and on top of this, millions of families in Brazil already live in sub-standard housing. This is a great opportunity to invest in one of the fastest growing emerging economies in the world, and to help solve the country’s major housing deficit.”
This investment opportunity is the third phase of a project linked to the government-backed ‘Minha Casa, Minha Vida’ scheme. The first phase was delivered in early 2012, providing investors with a healthy profit of 20% plus their initial investment, ahead of the projected 12 month investment period. A number of these investors quickly re-invested in the second phase, which is now full.
The MCMV scheme is aimed at lower-waged families and has strict eligibility criteria. Only Brazilian nationals or foreigners with permanent residency may own a MCMV property, families must provide proof of income, and they must also be certified as eligible for a mortgage. Mortgages are now more readily available to low income Brazilians, despite the global economic downturn, and the scheme ensures mortgages at very competitive rates.
The minimum investment amount is £23,000, with Lloyds TSB providing an Escrow facility to protect investors’ funds, and this is managed by UK solicitors. This investment has clearly defined exit strategies, and the developer has a proven track record with identical projects already delivered.