Country leads real estate investment in the world
Folha de S. Paulo 07/29/10
Direct investments in commercial real estate have registered an increase of 54% in the second quarter this year in the Americas, reaching US$ 21.4 billion. Brazil has led the growth of investment in the world, according to the consulting firm Jones Lang LaSalle, which prepared the survey. From the first quarter to the second quarter this year, the volume invested in commercial properties in the Brazilian market almost tripled as it went from US$ 577 million to nearly US$ 1.6 billion. "A movement of demobilization for reinvestments is taking place. It ends up generating a greater offer of real estate for acquisition", says Lilian Feng, responsible for the survey made by the consulting firm in Brazil.According to Feng, there is a tendency of increase in the acquisition of undertakings still under development. "Since the market of corporate real estate is heated, the risk is lower". The offer of second hand residential and commercial properties for sale in São Paulo increased 34% from January to June this year, compared to the same period in 2009, according to a survey of the real estate management company Lello. In the first half, the number of properties ready to be sold in the capital also registered an increase - 24% - compared to the first half of 2009, according to the survey.
Among the residential properties available, 54% of the units put for sale were apartments. Most are three- and four-bedroom apartments with one parking space. According to the study of Lello, the other 46% are houses. 43% of the commercial units placed for sale are houses or two-story houses, 15% are lots, 14% are commercial buildings and 11% are stores and mezzanines