After a 2011 that is about to end with a 3% GDP growth, well below the government´s forecasts at the beginning of the year, the Brazilian economy is already looking towards 2012 and in particular real estate market, a sector that employs over 3 million workers, 300 more between January and September of this year alone.
The president Dilma Rousseff in fact, he intends to focus heavily on civil construction, a sector that will have to act as a driving force for the entire economy. With the plan “Minha Casa, Minha Vida”, intended for the construction of housing for the weakest groups, the Brazilian government has plans to build 2 million new homes by 2014.
According to estimates, the civil construction sector will grow by 2012% in 5,2 (this year it has increased by 4,8%), but later it could even reach 8-9%: "We have no problem with resources, rules, models or projects - explains Paulo Simão, president of the Chamber of Industry and Construction – The real estate market has broken one record after another and the forecast is to have resources of over 50 billion euros”.
All this optimism also derives from the works already in progress for i 2014 World Cup and the 2016 Rio de Janeiro Olympics, in addition to those established in the PAC, the Growth Acceleration Program for infrastructure, a crucial node for the development of the South American giant.
“Investments in civil construction benefit all of us because it is a sector that creates many jobs – punctuated Dilma Rousseff on the usual weekly radio program “Coffee with the President” – It also helps stimulate the job market, despite the economic crisis that is affecting the United States and Europe”.
But the reality in 2012 could be even more rosy than forecasts: the injection of foreign capital could in fact give further life to the market. “Many resources will come from abroad – argues Simão – because these investors do not have the conditions to invest in other markets, mainly in the European one. This is great for our industry. Furthermore, the measures recently adopted by the federal government will further encourage foreign investment in infrastructure”.
