Reduction in interest rates, legalization and increase in the offer of legal urban installments and legal security. These are the three axes that the Brasília real estate market considers essential to further leverage the segment and, by extension, the city’s economy. Recently sworn in as president of the Association of Companies in the Real Estate Market of the Federal District (ADEMI-DF), Roberto Botelho is optimistic about the prospects for the sector. He especially cites the Land Parceling Law project sent by the GDF to the DF Legislative Chamber in June, whose main objective is to increase the supply of housing for the low-income population. But in this conversation with Jornal de Brasília, Botelho makes it clear: “The great challenge for ADEMI DF and the whole of society is confronting irregular occupations, and ours, in particular, the guarantee that we will have legal security to run the business ”.
Roberto Botelho highlights that the interest rate is a very important vector for the real estate sector, since around 90% of property purchases are made via financing. He remembers that the country already had a rate of 6%, a first world rate. Now, the expectation is that at the end of the year interest rates will be close to 11%, and at the end of 2024, at 8.5% to 9%. “If it is around this, the real estate market will experience strong expansion. If the drop is smaller than that, there will still be an increase, but it will be smaller”, he adds.
If this projection is confirmed, the businessman claims that the entire economic segment of the Federal District will benefit, and not just construction and property sales companies. This is because, highlights Botelho, the real estate market is a great driver of the economy. “To build a building, you need to buy cement, iron, glass and aluminum, etc. After you deliver it, you have to add a refrigerator, stove, bed, closet, dishes, metal. With this, you turn the economy as a whole when you deliver a property”, he emphasizes.
In addition to the prospect of reducing interest rates, another aspect that is already influencing the improvement of business in the real estate sector concerns the regulations implemented by the GDF that helped reduce bureaucracy in the approval of real estate projects. “Governor Ibaneis helped us a lot with this. Before, there was much greater bureaucracy, a lack of linearity in approving projects. There was no standardization, which created a series of problems for the sector, says the president of ADEMI DF.
Land division
Brasília’s businesspeople await with great optimism the approval, by the Legislative Chamber, of the new Land Parceling Law forwarded by the GDF. The law will expand the supply of housing for low-income classes. Roberto Botelho explains that today it is not possible, for example, to demarcate a 250 square meter lot to meet this income range. However, with the new installment law, this will be possible, expanding opportunities for the market. It is worth highlighting that the largest housing deficit in the DF is precisely in the income range of the least favored. Botelho recalls that the last major offer in this sector was under the administration of former governor Joaquim Roriz, with the creation of Samambaia, Santa Maria, Recanto das Emas and Riacho Fundo 2. “After that, there was no more urban expansion to serve these people.” But now the market is very heated, guarantees the businessman, citing as an example the GDF project to launch a housing program for 80 thousand low-income families.
The president of ADEMI DF also argues that the importance of the Land Parceling Law is not limited to offering housing to those who need it most. Another major impact of the new legislation will be the discouragement of the history of illegal land occupations in the Federal District. “We at ADEMI DF understand that this brake on the supply of popular housing contributed greatly to these invasions and attempted invasions that have been occurring in the DF for a long time”, explains Botelho, who adds: “Brasília in ten years will arrive to 4 million inhabitants. Today we can choose how the occupation of the next inhabitants of the DF will be, legal or illegal. We will choose tomorrow’s problem today. And this is a challenge not only for the government, but for society in general”.
But the optimism of the Brasília real estate market is not restricted to the popular segment. Roberto Botelho highlights the sector’s expectations in relation to Jóquei Clube, which should become the greenest neighborhood in the DF. Intended for the middle class, the neighborhood will occupy 272 hectares in the region in front of Vicente Pires, between Estrada Parque Taguatinga e Guará (EPTG) and Estrutural. For this area, 55 thousand inhabitants are expected, distributed in approximately 16 thousand housing units.
The urban project for the Jóquei Clube neighborhood was donated by ADEMI DF to the GDF and prepared by a consultancy company for sustainable developments, at a cost of R$1.6 million. “We identified that Águas Claras had practically the last of its land, and the people looking for this location would be left without an offer.” And Roberto returns to the primary theme. “When there is no supply, the incentive for irregular and illegal land is created. One of ADEMI DF’s intentions in financing this project was this, to make legal land available and contribute to stopping illegal occupation”.
According to the entity, it is up to the GDF to approve the project, carry out the public bidding for the sale of lots and provide infrastructure and environmental licensing in the region. The urban project Donated by ADEMI DF complies with all environmental legislation. Among the proposed innovations, one of the main ones is the integration of public transport, guaranteeing organized access to residents. Also according to Botelho, the project has already passed through the Federal District Environmental Council (Conam) and the expectation is that it can be assessed by the Federal District Territorial and Urban Planning Council (Conplan) in 2023.
In addition to the Jóquei Clube neighborhood, another option for real estate launches for the middle class would be Pátio Ferroviário, an area of União located in the region of the old Rodoferroviária. But the occupation of the site is still in initial studies between the GDF and the Brazilian Army, which owns the area.
Legal security
All this optimism in the real estate market, however, could fall apart if there is no legal certainty for a sector that has its investments and ventures focused on the long term. Botelho points out that when a company buys land, it takes 1 to 1 and a half years to develop and approve a project. “It’s not just about approving, but thinking about what type of project will be done, whether it’s a one-bedroom apartment, two-bedroom apartment, and what size those rooms are. Several aspects need to be studied and decided before the company presents and approves the project”, he describes.
And then government participation comes in, which takes around another year and a half to release the project, not counting the average time of 36 months for construction and delivery of the property to the client. “This is the path of projects carried out within the law, compliance with all requirements means that it takes longer to start a business”, highlights the businessman. Despite the GDF’s advances in reducing bureaucracy in its services, Roberto Botelho says that legal security is still essential for the sector. “Sometimes it is necessary to improve legislation to improve some things. Our work involves a very long investment, there cannot be any mishaps in the meantime”, concludes the president of ADEMI DF.
The post What companies want appeared first in Jornal de Brasília.
Source link
THE NAIS IS OFFICIAL EDITOR ON NAIS NEWS