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Brazil to invest r$125.7 billion (us$ 78.1 billion) to build two million homes for low income families
President Dilma Rousseff today launched the second phase of Brazil's "My House, My Life" housing program, with a goal of building two million housing units through an investment of R$ 125.7 billion (US$ 78.1 billion) from 2011 to 2014 – comprising R$ 72.6 billion (US$ 45.1 billion) for subsidies and R$53.1 billion (US$ 33 billion) for financing
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Brazil's Caixa seeks to open up mortgage market
Brazil's biggest housing lender, Caixa Economica Federal, plans to sell up to $2 billion in mortgage-backed securities this year to institutional investors as part of a plan to modernize the sector and ensure continued growth, the bank's president said on Wednesday.
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Located 100 yards from the beach of Recreo - South Barra, which is a prime location for surfing.
This upmarket development consists of 12 apartments, 4 of which are two-bed roomed, 8 with three bedrooms as well as 4 duplex penthouses with 5 bedrooms each.
Designed to suit the needs of the executive staff of locally-sited international businesses, Privilege Residential will offer 32 2-bedroom and 48 3-bedroom apartments, as well as 16 opulent 4-bedroom penthouses.
The development is situated on the Estrada de Monteiro, around 24 miles west of the very centre of Rio De Janeiro.
