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| Yannick L. Rault, Chief Executive Officer & Co-Founder, Abramar, a speaker at the marcus evans Brazilian Infrastructure & Property Development Summit 2012, on taking advantage of opportunities while developing responsibly. |
NEW YORK, Apr 27, 2012 - (ACN Newswire) - Although the Brazilian infrastructure and property development market has its ups and downs, Brazil has at least 20 more years of growth, says Yannick L. Rault, Chief Executive Officer & Co-Founder, Abramar. There is a lot of money to be made, fueled by the country's infrastructure needs and the maturing of its mortgage industry, however, he believes that there are ways of taking advantage of opportunities while developing responsibly.
Ahead of the marcus evans Brazilian Infrastructure & Property Development Summit 2012, in Bahia, Brazil, 21 - 22 May, Yannick, a speaker at the event, talks about sustainable developments and the future of the Brazilian infrastructure and property market.
- What makes a development sustainable and responsible towards society and the environment?
Most people think of energy efficiency and protecting the environment, but beyond that, it is also important to consider how fruitful and happy the community will be by incorporating attractive and thoughtful design that integrates commercial, residential, open space, and amenities. This also has to be done in a way that is economical for the developer and the end user. Such communities become integral parts of the city and will likely not become obsolete.
- Does this cost more? Can developers capitalize on it?
Yes, it will cost a bit more as it requires more cross-planning between architects, engineers, administrators, sales and the execution teams. However, the developer can be compensated for most of the extra costs with higher prices (though in our case capped by the limits of social housing) and a better brand image.
We find that our sales team ends up spending a lot of time educating our clients about the benefits and long-term cost savings of a responsibly developed community.
- Some believe that the Brazilian development market is a bubble. What is your opinion?
I read about this all the time, and to answer the question we have to examine several variables.
One, if you compare the prices relative to income of middle to luxury class units in Brazil to that of Paris, New York, Miami, Lima or Buenos Aires, they are high. Whether the appreciation is real because of the appreciation of the Real is a different matter. Many analysts believe the Real is overvalued.
Two, prices in the middle to luxury segments have more than doubled over the past five years in several markets, which we believe is primarily fundamentally driven as growing purchasing power chases a limited supply, however there is likely some speculation in there as well.
Three, the lower-middle class market is different as prices on social housing are capped by loan limits. There is huge pressure on margins in this segment, but no bubble in sight as this segment continues to grow dramatically. The mortgage industry is in its infancy and it will continue to grow to support this group.
Fourth, the infrastructure market is nowhere close to a bubble. The lack of infrastructure is actually holding back faster growth in Brazil. Rail in Brazil is 30 years behind.
To sum up, there is money to be made responsibly in Brazil, and I urge developers who want to be there for the long run to build responsibly.
About the Brazilian Infrastructure & Property Development Summit 2012
This unique forum will take place at the Tivoli Ecoresort, Praia do Forte, Bahia, Brazil, 21 - 22 May 2012. Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers in a highly focused and interactive networking environment. The Summit includes presentations and interactive discussions on pinpointing opportunities in Brazil's developing hotel market, sustainable development in the residential and commercial property sectors and assessing the impact of the global and domestic economy on Brazil's urban development market.
For more information please send an email to info@marcusevanscy.com or visit the event website at www.brazilipdsummit.com/YannickRaultInterview
marcus evans group - property/engineering sector portal - http://bit.ly/IY9uQh
Please note that the Summit is a closed business event and the number of participants strictly limited.
Contact:
Sarin Kouyoumdjian-Gurunlian
Press Manager, marcus evans, Summits Division
Tel: + 357 22 849 313
Email: press@marcusevanscy.com
Topic: Trade Show or Conference
Source: marcus evans Summits
Sectors: Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
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