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AAA Supports Investment in Brazilian Social Housing Projects
AAA is lending its support to moves to attract investment in Brazil’s social housing projects.
AAA, an advocate of alternative asset classes, such as real estate, sustainable forestry and precious metals, has welcomed calls from analysts at Colordarcy, who are encouraging investors to consider Brazilian social housing projects, such as the Minha Casa Minha Vida housing programme as a possible alternative investment.
“Not only would investing in this type of real estate project generate healthy returns, social investing like this can make a major difference to people’s lives in developing countries,” explained AAA’s analysis partner, Anthony Johnson.
The managing director of the Colodarcy, Loxley McKenzie, said that those opting to invest in Brazilian social housing can enjoy quick returns. He said: "It is possible to enjoy a high return on investment in a short space of time."
The project involves the construction of a million homes for Brazil’s poorer population and, as a result, it is one of the largest such residential development projects in the world. Investing at an early stage, especially in a country whose economy remains strong when others are still in recession, can prove a wise move for investors, AAA has claimed.
Brazil is also set to benefit from further growth as it continues its preparations for the FIFA World Cup in 2014 and the Olympics in 2016. There is a major shortage of housing in the cities where people are increasingly moving in order to fill the job vacancies that are emerging as a result of the country’s economic prosperity.
AAA encourages other investment in Brazil, through sustainable forestry projects such as the plantation schemes run by firms like Greenwood Management. These projects are intended to promote sustainable investments and provide alternatives to illegally logged timber and charcoal for use in construction and in the making of steel.
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