The property values in Brazilian cities such as São Paulo and Rio de Janeiro have been increasing rapidly, the real estate lending in Brazil even reached record level during 2013. However there are other regions in Brazil that need investment in the sector. Playing a big role in the economy, the Real estate industry remains as a highly attractive investment. Now let’s talk about some of the real estate companies in Brazil.
Cyrela Brazil Realty
Cyrela Brazil Realty was founded in 1962 and their headquarters are located in São Paulo, Brazil. They are the largest real estate company by revenue and market value with the net income of US$ 304.2 million and revenue of US$ 2.2 billion in 2013. They are currently operating in 17 states and 55 cities in Brazil and Argentina and they approximately have 8,000 employees in total.
Rossi Residencial is included in the top 6 real estate company in Brazil along with Cyrela Brazil Realty and some other companies. It was founded in 1992 and its headquarter is located in São Paulo. Rossi Residencial is a part of Rossi Group, which was founded in 1913. Their net income reached US$ 17.3 million in 2013 and their revenue was US $902.2 billion in 2012.
Cabral Garcia Empreendimentos
Cabral Garcia Empreendimentos was founded in 2005 as their LinkedIn says. The company is located in Rio de Janeiro and operating in hotels and residential developments. Also, the company was rated A in the construction industry by Caixa Econômica Federa.
They have several finished projects which are Americas Townhouses Hotel, Townhouses Hotel Lapa, Townhouses Hotel Copa, and so on. One of their first releases, which was Townhouses Hotel Lapa, was considered as a high quality product and received market recognition and received market recognition with ADEMI Master Award 2013 in the Innovation category. They have just begun construction in Rio’s West Zone, which has become a hotbed of development.
The real estate industry plays a significant role in the Brazilian economy, as the Fipe Zap Index (primary house price index) is raising. São Paulo and Rio de Janeiro are two cities with the largest house price increase. Analysts are warning about a potential real estate bubble in the property market.