Over the last few years, Brazil has witnessed a boom in its construction and property development industry. This boom is partly attributed to the recent sporting events that took place across the country. The government has undertaken expansion initiatives across the country for facilities such as airports, roads, and energy projects. The above activities have generally contributed to the increase in both the demand and price of land parcels.
Much of the impact was felt in the city of Rio de Janeiro. The city’s real estate sector has experienced exponential growth unlike previous years owing to the sporting events as well as the Port Zone urbanization plan. This has resulted in the upgrade of different areas in downtown Rio. Such upgrade has attracted various property developers in the area. These developers have constructed residential, hospitality, and commercial properties.
The real estate sector is one of the important pillars of the Brazilian economy. It is one of the largest industries in the country. Going by the rate at which international real estate companies are making entry into the Brazilian property sector, the future of the real estate in Brazil looks bright.
Real estate developers are coming to Brazil because it offers high returns as compared to other markets such as China and Russia. The other factor that makes the real estate sector attractive especially to Brazilian developers is that it is secure relative to investing in areas such as the stock market. Because of the huge demand for residential and commercial properties, there has been a greater competition in the provision of high-end facilities.
Leading the pack in the development of world-class properties is Cabral Garcia Empreendimentos. A Brazilian real estate firm, Cabral Garcia Empreendimentos was created in 2005. It builds and manages its own assets in a modern and efficient way. Cabral Garcia Empreendimentos runs a number of residential properties and hotels in the city of Rio de Janeiro.
The ADEMI Master Award honored one of its first releases known as Townhouses Hotel Lapa in 2013 under the innovation category. It is considered a high-end product due to its excellent return. Cabral Garcia Empreendimentos offers properties of the highest quality in the market. The latest project by Cabral Garcia Empreedimentos is Village Park Itanhanga that plans to cater for the entire family. The property will have 250 apartments consisting of 3 and 2 bedrooms.