New Housing Developments

The Minha Casa, Minha Vida (My House, My Life) campaign was launched by the Federal Government in the first quarter of 2009 as one of the means of reducing housing deficit in Brazil (of over 10 million houses) and improving the living conditions of the poorer sections of society.

With an initial governmental investment of over BRL billion, 1 million houses are being built and allocated to families on a means tested basis (with more expected):
- Households with a total income of up to 3 times the minimum wage (currently at 5 BRL per month) can access the full allowance without any insurance and notary registration costs to pay;
- Households with a total income between 3 and 6 times the minimum wage can gain income supplements for loans; a discount on the cost of insurance; a 90% reduction of the notary registration cost and access to the guaranteed’ fund (which will cover in the case of unemployment, death or other specified circumstances);
- Households with a total income of between 6 and 10 the minimum wage can receive lower costs of insurance, an 80% reduction of the notary registration cost and access to the guaranteed’ fund.

The Minha Casa, Minha Vida (My House, My Life) campaign was announced by the Federal Government in March 2009 as one of the means of reducing the inequality gap and housing deficit in Brazil (of over 10 million houses).

(more…)

The housing marketplace appears as though it is going to be split in half in 2011, in some areas house prices will drop by three% to even 10% in locations such as the Midlands, Wales, Scotland and northern England.  Numerous people in these areas rely heavily on the public sector for employment and due to the fact of the cutbacks many could lose their jobs.  Areas such as central London and the Home Counties will continue to flourish with property prices rising %5.  This is because the buyers in these areas are not affected by mortgage lending restrictions and the Vat rise does not deter them.

The rental marketplace is flourishing all over the country due to initial time buyers becoming forced to rent as they are unable to get a mortgage.  Deposits are so high for them that they are simply priced out of the marketplace.  Numerous of the property moves of 2010 seemed to be with the wealthy that held a lot of equity in their houses, the poorer owners and first time buyers had been few and far between.  Some are even speculating that by 2015 some houses will be worth no more than they were prior to the recession hit in 2007.  Northern England, Wales and Scotland once more fall into this bracket.  The south of the country will see rises in their property costs, London costs will be about 30% far more than they were in 2007.  It all appears to be down to your postcode, below are some areas that may buck the trend.

(more…)

During this last year, work has been proceeding on a new housing development in the SE Salmon Arm Real Estate district. On May 27, 2005, a local developer named Keith Harris will publicly open sales for the luxurious Laurel Estates residential subdivision. The homes are found on Auto Road between 12th and 14th Street. Forty-nine new Salmon Arm Real Estate lots are built around a cul-de-sac and an access road, peaking the Auto Road hill viewing Shuswap Lake and the surrounding serene mountains.

(more…)