British owned developer, EcoHouse Group, is launching construction on its third and largest development in Brazil as part of the Government’s Minha Casa, Minha Vida social housing scheme. Called Bosque Residencial, a 2,000 unit urban estate in Natal, north-east Brazil, is the company’s first fully sustainable, environmentally friendly, social-housing development in the state and is offering investors the opportunity to achieve returns of around 20 per cent per annum.
EcoHouse is the only UK constructor officially authorised by the Government to build developments under the Minha Casa, Minha Vida programme. It is attracting funding from international investors to contribute to the construction of the three million properties required to be built in Brazil by the end of 2014. This will enable people on modest means to own their own homes with the help of special domestic mortgage products.
Anthony Armstrong Emery, CEO of EcoHouse, says: “Bosque Residencial is the latest of EcoHouse’s affordable housing communities and has a host of new features such as a shopping mall, primary school, daycare facility and a university. Brazil’s middle classes continue to grow, creating greater demand for homes like ours, which enables us to provide a strong product with outstanding returns for investors. Many have invested in our earlier schemes and are now re-investing with us.”
An approved construction company
EcoHouse has purchased the land, is fully registered with the Brazilian government as an approved construction company and has all building permits and financial facilities in place.
EcoHouse has also been risk assessed by CAIXA bank. Investment starts from £23,000 and a return of 20 per cent is promised. Repayment of the capital and payment of the interest is made 12 months from the date of the first investment.
EcoHouse has recently delivered Arco Iris, a residential development of two bedroom, one bathroom homes that sold for R$85,000 as well as Casa Nova, an estate with gardens, parking and communal facilities that is completely sold out. Both developments were pre-sold to lower/middle-income families of the area, who had registered to take part in the Government programme. The investors’ monies have already been repaid.
Bosque Residencial offers the convenience of high quality homes with on-site shopping and leisure facilities such as tennis/ basketball courts and cycle paths. This premier project will also be the first in the area to have centralised sanitation systems and its own sewage treatment plant. In addition, the project will feature a primary school; day care facility; public hospital; shopping mall; police station and a university.
Investors’ funds are fully secured and protected by UK legislation because they are placed in an escrow account with Lloyds of London, which is overseen by a lawyer with the Lloyds legal team. The lawyer only releases funds to the developer when satisfied about build quality and the progress of the project.
Throughout construction, investors are kept fully informed of developments at the sites via the EcoHouse Group website and through their initial estate agency or property partner contact.
Today EcoHouse has offices in five countries, Brazil, Canada, Dubai, Singapore and the UK.
To find out more about investment opportunities go to www.ecohousegroup.com