Real estate financing grew 24% in Bahia State in 2014

29.09.2014

The Bahian real estate market is in a special place right now, experiencing significant growth in financing. Between January and July this year, 11,931 properties were purchased or constructed in the state by means of housing financing – with savings alone, which is up 24% on the same period in 2013.

The Bahian real estate market is in a special place right now, experiencing significant growth in financing. Between January and July this year, 11,931 properties were purchased or constructed in the state by means of housing financing – with savings alone, which is up 24% on the same period in 2013. In monetary terms, the volume traded in 2014 was R$ 2.17 billion, compared with R$1.77 billion last year. These figures are courtesy of the Brazilian Association of Real Estate Credit and Savings (Abecip).

According to the president of ADEMI (Bahia Real Estate Market Company Directors' Association), Luciano Muricy, housing financing is an extremely important tool in the market, “since almost 100% of real estate sold by developers linked to the association are financed”.

He added: “Without credit there is no market. It is vital that this trend continues, with people seeking information, simulating financing - which operates in a growth range. Credit is sometimes being offered at rates of seven or eight percent.     It is extremely attractive".

It is against this hugely promising backdrop that Iberostate Praia do Forte finds itself, located on the best coastline in Bahia State, and representing one of the best opportunities for investment and leisure. This is due to both the vibrant market in which it operates and the real estate products it offers, which are brimming with luxury, sophistication, and exclusive services.

Don't let an opportunity like this pass you by.

Visit our sales stand!

(71) 3676-4222 / Praia do Forte, Rodovia BA099, Km 56 / www.iberostate.com.br

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