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Non-Tech : The Brazil Board
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To: John Vosilla who wrote (1648)8/12/2016 2:45:32 AM
From: elmatador1 Recommendation

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pocotrader

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Always good to hear from you. Let me give you my lay man view of the city where I have properties.

In Brazil they use the same metric nrs of inventory and the normal is 7.000.

What happened between 2004-2014
The big builders came to Curitiba which was a under developed vis a vis major cities Sao Paulo and Rio and scaled up.

I bough underdeveloped are and built 2006.



The deep pocketed real estate developers from Sao Paulo and Rio made joint ventures with the locals, bought a menu of properties and started building. As the commodities fueled economy was hot, they kept building until 2008 financial crisis hit.

Brazil economy had legs and Curitiba builders kept building what they have planned. Once the commodities tanked, effects hit Brazil had a high inventory.

That inventory too time to be 'digested' by the market and it is now returning to the mediumof 7.000 units

The area I have a flat returned to the normal and is good location that prices will always be firm.

The area I constructed in the photo, has very few empty lots to build. Around it, there is empty area but cannot be built because is area protected since is area of water catchment.

Ground area i this planet has stopped being built long time ago. That means empty lots prices are getting pricier by the day.
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