Brazil Real Estate Market Outlook
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TABLE OF CONTENTS
1. Brazil Real Estate Market Introduction
2. Brazil Real Estate Market Size by Value, 2006-2012
3. Brazil Residential Real Estate Market Introduction
3.1 Brazil Residential Real Estate Market Size by Residential Units Launched and Sold, 2006-2012
3.2 Brazil Residential Real Estate Market Segmentation by City, 2006-2012
3.2.1. Sao Paulo Residential Real Estate Market
3.2.1.1. Sao Paulo Residential Real Estate Market Size and Future Projections, 2006- 2017
3.2.2. Rio De Janerio Residential Real Estate Market
3.2.2.1. Rio De Janerio Residential Real Estate Market Size and Future Projections, 2006-2017
3.2.3. Fortaleza Residential Real Estate Market
3.2.3.1. Fortaleza Residential Real Estate Market Size and Future Projections, 2006- 2017
3.2.4. Porto Alegre Residential Real Estate Market
3.2.4.1. Porto Alegre Residential Real Estate Market Size and Future Projections, 2006-2017
3.2.5. Belo Horizonte Residential Real Estate Market
3.2.5.1. Belo Horizonte Residential Real Estate Market Size and Future Projections, 2006-2017
3.2.6. Other Cities Residential Real Estate Market Size and Future Projections, 2006- 2017 Error! Bookmark not defined.
3.3. Housing Deficit in Brazil
3.3.1. Minha Casa Minha Vida
3.4. Trends And Developments in Brazil Residential Real Estate Market
Lower Mortgage interest rates
Demand and Supply disparity in Residential Units
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3.5. Brazil Residential Real Estate Market Future Outlook and Projections, 2013-2017
4. Brazil Retail Real Estate Market
4.1 Brazil Retail Real Estate Market Introduction
4.2. Brazil Retail Real Estate Market Size by New shopping centers Introduced and Gross Leasable Area, 2006-2012
4.3. Brazil Retail Real Estate Market Segmentation by City, 2006-2012
4.3.1. Rio De Janerio Retail Real Estate Market Introduction And Size, 2006-2012
4.3.2. Rio De Janerio Retail Real Estate Future Projections, 2013-2017
4.3.3. Sao Paulo Retail Real Estate Market Introduction and Size, 2006-2012
4.3.4. Sao Paulo Retail Real Estate Market Future Projections, 2013-2017
4.3.5. Belo Horizonte Retail Real Estate Market Size and Future Projections, 2006-2012
4.3.6. Salvador Retail Real Estate Market Size and Future Projections, 2006-2017
4.3.7. Brasilia Retail Real Estate Market Size and Future Projections, 2006-2017
4.4. Trends and Developments in Brazil Retail Real Estate Market Migration Of Class C Income Segment People into Class A & B Creating New Growth Opportunities for Shopping Centers
Under served Shopping Centre Market
Additional capital being deployed into Retail Real Estate Through IPOs
4.5. Brazil Retail Real Estate Market Future Outlook and Projections, 2013-2017
5. Brazil Hotel Real Estate Market
5.1. Brazil Hotel Real Estate Market Introduction and Size by Number of Hotels and Number of Rooms, 2006-2012
5.2. Brazil Hotel Real Estate Market Segmentation by Types of Hotels, 2006-2012
5.2.1. Brazil Hotel and Condo Hotel National Chains Market Size and Future Projections, 2006-2017
5.2.2. Brazil Hotel and Condo Hotel International Chains Market Introduction and Size, 2006-2012
5.2.3. Brazil Hotel and Condo Hotel International Chains Market Future Projections, 2013-2017
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5.2.4. Brazil Independent Hotels Real Estate Introduction and Size, 2006-2012
5.2.4.1. Brazil Independent Hotels Real Estate Market Segmentation, 2006-2012
5.2.4.1.1. Brazil Independent Hotels with more than 20 Rooms Real Estate Market Size and Future Projections, 2006-2017
5.2.4.1.2. Brazil Independent Hotels Up To 20 Rooms Market Size and Future Projections, 2006-2017
5.2.5. Brazil Independent Hotels Real Estate Future Projections, 2013-2017
5.3. Trends and Developments in Brazil Hotel Real Estate Market
Increase in domestic travellers
Entry of international investors
Expansion in the budget category hotels
Investment in smaller cities
5.3. Brazil Hotel Real Estate Market Future Outlook and Projections, 2013-2017
6. Brazil Commercial Real Estate Market
6.2. Brazil Commercial Real Estate Market Introduction and Size, 2006-2012
6.3. Brazil Commercial Real Estate Market Segmentation by Offices and Industrial Parks, 2006 - 2012
6.3.4. Brazil Offices Space Real Estate Market Introduction and Size, 2006-2012
6.3.5. Brazil Office Space Market Segmentation by Cities, 2006-2012
6.3.5.1. Sao Paulo Office Space Real Estate Market Introduction and Size, 2006-201
6.3.5.2. Sao Paulo Office Space Real Estate Market Future Projections, 2013-2017
6.3.5.3. Rio De Janerio Office Space Real Estate Introduction And Market Size, 2006- 2012
6.3.5.4. Rio De Janerio Office Space Real Estate Market Future Projections, 2006- 2012
6.3.6. Brazil Industrial Parks Introduction and Market Size, 2006-2012
6.3.7. Brazil Industrial Parks Real Estate Market Future Projections, 2013-2017
6.4. Trends and Developments in Brazil Commercial Real Estate Market
Escalating Rental Prices
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Development of Industrial parks
6.5. Brazil Commercial Real Estate Market Future Outlook and Projections, 2013-2017
7. Market Share of Major Real Estate Developers in Brazil, 2006-2012
7.1. Company Profiles of Major Players in Brazilian Real Estate Market
7.1.1. Cyrela Brazil Reality
Company Overview
Business Strategies
Financial Performance, 2006-2012
7.1.2. PDG
Company Profile
Financial Performance, 2006-2012
7.1.3. MRV Engenharia
Company Profile
Business Strategies
Financial Performance, 2006-2012
7.1.4. Gafisa S.A.
Company Overview
Business Strategies
Financial Performance, 2006-2012
7.1.5. Rossi Residencial
Company Overview
Business Strategies
Financial Performance, 2006-2012
7.1.6. Brookfield S.A
Company Overview
Business strategies
Financial Performance, 2006-2012
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7.1.7. Even Constructions
Company Overview
Business Strategies
Financial Performance, 2006-2012
7.1.8. BR Malls
Company Profile
Business Strategies
Financial Performance, 2006-2012
7.1.9. Multiplan Empreendimentos Imobiliários S.A
Company Overview
Business Strategies
Financial Performance, 2006-2012
7.1.10. Aliansce Shopping Centers
Company Overview
Business Strategies
Financial Performance, 2006-2012
8. Brazil Real Estate Market Future Outlook
8.1. Cause and Effect Relationship Prevailing Between Dependent and Independent Factors Prevailing in the Brazil Real Estate Market
8.1 Brazil Real Estate Market Future Projections, 2013-2017
9. Macroeceonomic Factors
9.1. Population, 2006-2017
9.2. Personal Disposable Income, 2006-2017
9.3. Gross Domestic Product, 2006-2017
9.4. Real Estate Credit, 2006-2017
9.5. Housing Deficit, 2006-2017
9.6. Inbound Tourists, 2006-2017
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10. Appendix
10.1. Market Definition
10.2. Abbreviations
10.3. Research Methodology
Data Collection Methods
Approach
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Final Conclusion
10.4. Disclaimer
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LIST OF FIGURES
Figure 1: Brazil Real Estate Market Size by Value in USD Million, 2006-2012
Figure 2: Brazil Residential Real Estate Market Size by Units Sold, 2006-2012
Figure 3: Brazil Residential Real Estate Market Size by Units Launched, 2006-2012 Figure 4: Brazil Residential Real Estate Market Segmentation by City on The Basis of Residential Units Sold in Percentage (%), 2006-2012 Figure 5: Sao Paulo Residential Real Estate Market Size by Units Launched and Units Sold, 2006-2012 Figure 6: Sao Paulo Residential Real Estate Market Future Projections by Number of Units Sold, 2013-2017
Figure 7: Rio De Janerio Residential Real Estate Market Size by Units Sold, 2006-2012 Figure 8: Rio De Janerio Residential Real Estate Market Future Projections by Number of Units Sold, 2013-2017 Figure 9: Fortaleza Residential Real Estate Market Size by Units Launched and Units Sold, 2006-2012 Figure 10: Fortaleza Residential Real Estate Market Future Projections by Number of Units Sold, 2013-2017 Figure 11: Porto Alegre Residential Real Estate Market Size by Units Sold and Launched, 2006- 2012 Figure 12: Porto Alegre Residential Real Estate Market Future Projections by Number of Units sold, 2013-2017
Figure 13: Belo Horizonte Residential Real Estate Market Size by Units Sold, 2006-2012 Figure 14: Belo Horizonte Residential Real Estate Market Future Projections by Number of Units sold, 2013-2017
Figure 15: Other Cities Residential Real Estate Market Size by Units Sold, 2006-2012 Figure 16: Other Cities Residential Real Estate Market Future Projections by Number of Units Sold, 2013-2017 Figure 17: Brazil Residential Real Estate Market Future Projections by Number of Units Sold, 2013-2017 Figure 18: Brazil Retail Real Estate Market Size by Existing Shopping Centers and New Shopping Centers Introduced in Units, 2006-2012
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Figure 19: Brazil Retail Real Estate Market Size by Gross Leasable Area in Million Square Meters, 2006-2012 Figure 20: Rio De Janerio Retail Real Estate Market Size by Existing Shopping Centers and New Shopping Centers Introduced in Units, 2006-2012 Figure 24: Rio De Janerio Retail Real Estate Market Size by Gross Leasable Area in Square Meters, 2006-2012 Figure 22: Rio De Janerio Retail Real Estate Market Future Projections by Gross Leasable Area in Square Meter, 2013-2017 Figure 23: Sao Paulo Retail Real Estate Market Size by Existing Shopping Centers and New Shopping Centers Introduced in Units, 2006-2012 Figure 24: Sao Paulo Retail Real Estate Market Size by Gross Leasable Area in Square Meters, 2006-2012 Figure 25: Sao Paulo Retail Real Estate Market Future Projections by Gross Leasable Area in Square Meters, 2013-2017 Figure 26: Belo Horizonte Retail Real Estate Market Size by Existing Shopping Centers and New Shopping Centers Introduced in Units, 2006-2012 Figure 27: Belo Horizonte Retail Real Estate Market Size by Gross Leasable Area in Square Meters, 2006-2012 Figure 28: Belo Horizonte Retail Real Estate Market Future Projections by Gross Leasable Area in Square Meters, 2013-2017 Figure 29: Salvador Retail Real Estate Market Size by Existing Shopping Centers and New Shopping Centers Introduced in Units, 2006-2012 Figure 30: Salvador Retail Real Estate Market Size by Gross Leasable Area in Square Meters, 2006-2012 Figure 31: Salvador Retail Real Estate Market Future Projections by Gross Leasable Area in Square Meters, 2013-2017 Figure 32: Brasilia Retail Real Estate Market Size by Existing Shopping Centers and New Shopping Centers Introduced in Units, 2006-2012 Figure 33: Brasilia Retail Real Estate Market Size by Gross Leasable Area in Square Meters, 2006-2012 Figure 34: Brasilia Retail Real Estate Market Future Projections of by Gross Leasable Area in Square Meters, 2013-2017
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Figure 35: Brazil Retail Real Estate Market Future Projections Size by New Shopping Centers Introduced in Units, 2013-2017 Figure 36: Brazil Retail Real Estate Market Future Projections Size by Gross Leasable Area in Million Square Meters, 2013-2017 Figure 37: Brazil Hotel Real Estate Market Size by Number of Hotels and Number of Rooms in Units, 2006-2012 Figure 38: Brazil Hotel Real Estate Average Daily Rate, Revenue per Available Room in Brazilian Real; and Occupancy Rate in Percentage (%), 2006-2012 Figure 39: Sao Paulo Hotel Real Estate Average Daily Rate, Revenue per Available Room in Brazilian Real; and Occupancy Rate in Percentage (%), 2006-2012 Figure 40: Rio De Janerio Hotel Real Estate Average Daily Rate, Revenue per Available Room in Brazilian Real; and Occupancy Rate in Percentage (%), 2006-2012 Figure 41: Brazil Hotel Real Estate Market Segmentation by Independent Hotels; Hotel and Condo Hotel International Chains; and Hotel and Condo Hotel National Chains in Percentage (%), 2006-2012 Figure 42: Brazil Hotel and Condo Hotel National Chains Real Estate Market Size by Number of Hotels and Number of Rooms in Units, 2006-2012 Figure 43: Brazil Hotel and Condo Hotel National Chains Real Estate Market Future Projections by Number of Hotels and Number of Rooms in Units, 2013-2017 Figure 44: Brazil Hotel and Condo Hotel International Chains Real Estate Market Size by Number of Hotels and Number of Rooms in Units, 2006-2012 Figure 45: Brazil Hotel and Condo Hotel International Chains Real Estate Future Projections by Number of Hotels and Number of Rooms in Units, 2013-2017 Figure 46: Brazil Independent Hotels Real Estate Market Size by Number of Hotels and Number of Rooms in Units, 2006-2012 Figure 47: Independent Hotels Segmentation by Independent hotel chains up to 20 Rooms and Independent hotel chains with more than 20 Rooms in Percentage (%), 2006-2012 Figure 48: Brazil Independent Hotels with more than 20 Rooms Real Estate Market Size by Number of Hotels and Number of Rooms in Units, 2006-2012 Figure 49: Brazil Independent Hotels with more than 20 Rooms Real Estate Future Projections by Number of Hotels and Number of Rooms in Units, 2013-2017 Figure 50: Brazil Independent Hotels up to 20 Rooms Market Size by Number of Hotels and Number of Rooms in Units, 2006-2012
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Figure 51: Brazil Independent Hotels up to 20 Rooms’ Real Estate Future Projections by Number of Hotels and Number of Rooms in Units , 2013-2017 Figure 52: Future Projections of Independent Hotels by Number of Hotels and Number of Rooms in Units, 2013-2017 Figure 53: Brazil Hotel Real Estate Future Projections by Number of Hotels and Number of Rooms in Units, 2013-2017 Figure 54: Brazil Commercial Real Estate Market Size by Existing Inventory and Net Absorption in Thousand Square Meter, 2006-2012 Figure 55: Brazil Commercial Real Estate Market Segmentation by Offices and Industrial Parks on the basis of Existing Inventory, 2006-2012 Figure 56: Brazil Office Space Real Estate Market Size by Existing Inventory and Net Absorption in Thousand Square Meters, 2006-2012 Figure 57: Brazil Office Space Real Estate Market Segmentation by Sao Paulo and Rio De Janerio in Percentage (%), 2006-2012 Figure 58: Sao Paulo Office Space Real Estate Market Size by Existing Inventory and Net Absorption in Thousand Square Meters, 2006-2012 Figure 59: Sao Paulo Office Space Real Estate Future Projections by Existing Inventory and Net Absorption in Thousand Square Meters, 2006-2012 Figure 60: Rio De Janerio Office Space Real Estate Market Size by Existing Inventory and Net Absorption in Thousand Square Meters, 2006-2012 Figure 61: Rio De Janerio Office Space Real Estate Market Size by Existing Inventory and Net Absorption in Thousand Square Meters, 2006-2012 Figure 62: Brazil Industrial Parks Real Estate Market Size by Existing Inventory and Net Absorption in Thousand Square Meters, 2006-2012 Figure 63: Brazil Industrial Parks Real Estate Future Projections by Existing Inventory and Net Absorption in Thousand Square Meters, 2006-2012 Figure 64: Brazil Commercial Real Estate Market Future Projections by Existing Inventory and Net Absorption in Thousand Square meters, 2006-2012
Figure 65: Brazil Real Estate Major Developers Market Share of in Percentage (%), 2006-2012
Figure 66: Cyrela Total Revenue in USD Million, 2006-2012
Figure 67: PDG Total Revenue in USD Million, 2006-2012
Figure 68: MRV Engenharia Total Revenue in USD Million, 2006-2012
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Figure 69: Gafisa’s Total Revenue in USD Million, 2006-2012
Figure 70: Rossi Residencial Total Revenue in USD Million, 2006-2012
Figure 71: Brookfield S.A. Total Revenue in USD Million, 2006-2012
Figure 72: Even Constructions Total Revenue in USD Million, 2006-2012
Figure 73: BR Malls Total Revenue in USD Million, 2006-2012
Figure 74: Multiplan Total Revenue in USD Million, 2006-2012
Figure 75: Aliansce Total Revenue in USD Million, 2006-2012
Figure 76: Brazil Real Estate Market Future Projections by Value in USD million, 2013-2017
Figure 77: Total Population in Million, 2006-2017
Figure 78: Personal Disposable Income in USD Million, 2006-2017
Figure 79: Gross Domestic Product at Current Prices in USD Million, 2006-2017
Figure 80: Real Estate Credit in USD Million, 2006-2017
Figure 81: Housing Deficit in Million, 2006-2017
Figure 82: Inbound Tourists in Million, 2006-2017
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LIST OF TABLES
Table 1: Brazil Number of Financed Residential Units, 2006-2010
Table 2: Brazil Unemployment Rate in Percentage (%), 2006-2011
Table 3: Brazil Credit to GDP Ratio in Percentage of GDP, 2006-2011 Table 4: Average Prices of the Most Expensive Residential Units Launched in Various Regions in Brazil in Brazilian Real, 2012 Table 5: Monthly Rental Prices of Various Areas in Belo Horizonte in Brazilian Real Estate, 2012
Table 6: Salvador Rental Prices of Apartments in Major Areas in Brazilian Real, 2012
Table 7: Brasilia Areas with their Rental Prices in Brazilian Real, 2012
Table 8: Brazil Housing Demand Evolution Value in Quantity, 2006-2009
Table 9: Brazil Housing Deficit and Total Income Share in Percentage (%), 2012 Table 10: Brazil Residential Real Estate Program Minha Casa, Minha Vida (MCMV) Glimpse, 2009-2014 Table 11: Brazil Residential Real Estate Program Minha Casa, Minha Vida (MCMV) Houses Allotment as per Monthly Income, 2009-2014
Table 12: Brazilian Regions with their Residential Properties Unit Price in Brazilian Real, 2012
Table 13: Mortgage Cost under Minha Casa, Minha Vida Program II in Brazilian Real, 2012 Table 14: Brazil Residential Program Minha Casa Minha Vida Subsidy Guidelines by Region, 2012-2014
Table 15: Mortgage Interest Rates in Brazil in Percentage (%), 2006-2012 Table 16: Brail Retail Real Estate Market Segmentation on the Basis of New Shopping Centers Introduced in Units, 2006-2012
Table 17: Rio De Janerio Major Shopping Centers Overview, 2012 Table 18: Major Shopping Centers in Sao Paulo and their Rents in Brazilian Real per Square Meter per Month, 2012 Table 19: Independent Hotels Segmentation by Independent hotel chains up to 20 Rooms and Independent hotel chains with more than 20 Rooms in Number, 2006-2012 Table 20: Monthly Rents in Major Cities in Brazil in Brazilian Real per Square Meter per Month, 2012
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Table 21: Minimum and Maximum Asking Lease Price of the Industrial Parks in top ten Cities of Brazil in Brazilian Real per Square Meter per Month, 2012
Table 22: Summary of Major Industrial Parks in Sao Paulo State, 2012 Table 23: Brazil Industrial and Business Parks Delivered and Total Built Area in Square Meters, 2012 Table 24: Cause and Effect Relationship Prevailing Between Industry Factors and Expected Industry Prospects of Brazil Real Estate Market
Table 25: Correlation Matrix for Brazil Retail Market Size in Gross Leasable Area (GLA)
Table 26: Regression Coefficients Output
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BRAZIL REAL ESTATE MARKET SIZE BY VALUE, 2006- 2012
The current size of the Brazilian real estate market by value is USD ~ million in 2012 which has grown from USD 4,333.0 million in 2006. The market has been growing at a CAGR of ~% during the period of 2006-2012 and recorded the highest revenue in 2011 to USD ~ million on account of the real estate boom that the country was going through. In the year 2011 the phase 1 of the Minha Casa, Minha Vida program …
Figure: Brazil Real Estate Market Size by Value in USD Million, 2006-2012
45,000
40,000
35,000
30,000
25,000
20,000 USD Millions 15,000
10,000 4,333.0 5,000
0 2006 2007 2008 2009 2010 2011 2012
BRAZIL RESIDENTIAL REAL ESTATE MARKET SIZE BY RESIDENTIAL UNITS LAUNCHED AND SOLD, 2006-2012
The current size of the Brazil residential real estate market is ~ units in terms of units sold in 2012. It has been growing at a CAGR of ~% during the period of 2006-2012 from ~units in 2006 to ~ units sold in the year 2012. The country recorded the largest number of unit sales in the year 2010 which were ~ units, at a growth rate of ~% from the previous year. This was a result of revival in …
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Figure: Brazil Residential Real Estate Market Size by Units Sold, 2006-2012
100,000 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 2006 2007 2008 2009 2010 2011 2012
Figure: Brazil Residential Real Estate Market Size by Units Launched, 2006-2012
120,000
100,000
80,000
60,000
40,000
20,000
0 2006 2007 2008 2009 2010 2011 2012
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Table: Average Prices of the Most Expensive Residential Units Launched in Various Regions in Brazil in Brazilian Real, 2012
Region Average Price per Square Meter (BRL) Brasilia
Santos (Sao Paulo) Sao Paulo
Florianopolis(Santa Catarina)
Niteroi(Rio De Janerio) Aguas Claras (Disircto federal)
Campinas(Sao Paulo) Petropolis( Rio De Janerio)
Rio De Janerio
Guarujá (Sao Paulo)
BRAZIL RESIDENTIAL REAL ESTATE MARKET SEGMENTATION BY CITY, 2006-2012
The residential real estate market of Brazil is segmented into five major cities which include Sao Paulo, Rio De Janerio, and Fortaleza, Porto Alegre and Belo Horizonte as well as other cities which comprise Curitiba, Brasilia and Salvador.
Sao Paulo and Rio De Janerio are the largest contributors to the residential real estate market of Brazil ………………
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Figure: Brazil Residential Real Estate Market Segmentation by City on The Basis of Residential Units Sold in Percentage (%), 2006-2012
100.0% 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% 2006 2007 2008 2009 2010 2011 2012
Sao Paulo Rio de Janerio Fortaleza Porto Alegre Belo Horizonte Other Cities
RIO DE JANERIO RESIDENTIAL REAL ESTATE MARKET
RIO DE JANERIO RESIDENTIAL REAL ESTATE MARKET SIZE AND FUTURE PROJECTIONS, 2006-2017
The current market for residential real estate in Rio de Janerio in 2012 stood at ~ units on the basis of residential units sold which has grown at a CAGR of ~% during the period of 2006-2012 from ~ residential units in 2006. The residential real estate market in Rio de Janerio is expected to grow at CAGR of ~% for the period of 2012-2017 where it is estimated to reach ~ units by sales of residential units in 2017 from ~ units in the year 2012. In the year 2013, the market is expected to…………….
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Figure: Rio De Janerio Residential Real Estate Market Size by Units Sold, 2006-2012 30,000
25,000
20,000
Units 15,000 13,531
10,000 7,565
5,000
0 2006 2007 2008 2009 2010 2011 2012
Units Sold Units Launched
Figure: Rio De Janerio Residential Real Estate Market Future Projections by Number of Units Sold, 2013-2017
60,000
50,000
40,000
30,000
20,000
10,000
0 2013 2014 2015 2016 2017
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HOUSING DEFICIT
In 2008, Brazil’s housing deficit stood at ~ million according to ministry of cities, a decrease from ~ million in the year 2007 but the country still faces a lot of housing challenges. On average the economy is facing a housing deficit of 6-8 million every year and an approximate of 1.5 million homes are …………..
Table: Brazil Housing Demand Evolution Value in Quantity, 2006-2009
Year Housing Housing Demand Domicile Total Total Housing Demand Quantity (DHDE Housing Housing (DHT) Demographic) Demand Demand (DHDE+DHDO)/Domiciles (DHDO) (DHT = DHDE +DHDO)
2006
2007
2008
2009
Table: Brazil Residential Program Minha Casa Minha Vida Subsidy Guidelines by Region, 2012-2014
Monthly Family Income Metropolitan Areas of Sao Paulo, Rio De Janerio and Other Cities Brasilia
Up to BRL 1,600
From BRL 1,600 to BRL 2,325
From BRL 2,325 to BRL 2,790
From BRL 2,790 to BRL 3,275
From BRL 3,275
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BRAZIL RETAIL REAL ESTATE MARKET
BRAZIL RETAIL REAL ESTATE MARKET SIZE BY NEW SHOPPING CENTERS INTRODUCED AND GROSS LEASABLE AREA, 2006-2012
The size of the retail real estate industry in Brazil in 2012 stood at ~ units in terms of the number of new shopping centers introduced. The market has grown at a CAGR of ~% during 2006-2012 with the introduction of just ~ shopping centers in the year 2006 in the country. The highest growth was observed in years 2011 and 2012 ……………
Figure: Brazil Retail Real Estate Market Size by Existing Shopping Centers and New Shopping Centers Introduced in Units, 2006-2012
500 450
400 365 350 300 Units 250 200 150 100
50 14 0 2006 2007 2008 2009 2010 2011 2012 Number of operating shopping centers New Shopping Centers
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Figure: Brazil Retail Real Estate Market Size by Gross Leasable Area in Million Square Meters, 2006-2012
12,000
10,000
8,000
6,000
4,000
2,000
0 2006 2007 2008 2009 2010 2011 2012
SALVADOR RETAIL REAL ESTATE MARKET SIZE AND FUTURE PROJECTIONS, 2006-2017
The total operating shopping centers in Salvador stood at ~ units in 2012 from 8 units in the year 2006 registering a CAGR of ~ during the year 2006-2012.The City’s retail real estate stood at ~unit in terms of new shopping centers in the year 2012 with no shopping centre introduced in 2006. The gross leasable area of total malls during 2013-2017 is expected to grow at a CAGR of ~% registering an increase of ~ Sq.m in 2017 from ~ Sq.m in 2012. It is estimated to reach ~ Sq.m in 2013 at an annual growth rate ……………..
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Figure: Salvador Retail Real Estate Market Size by Existing Shopping Centers and New Shopping Centers Introduced in Units, 2006-2012
14.0
12.0
10.0
8.0
Axis Title Axis 6.0
4.0
2.0
0.0 2006 2007 2008 2009 2010 2011 2012
Number of operating shopping centers New Shopping Centers
Figure 1 : Salvador Retail Real Estate Market Size by Gross Leasable Area in Square Meters, 2006-2012
450,000 400,000 350,000 300,000 273,084 250,000 200,000 150,000 Square MetersSquare 100,000 50,000 0 2006 2007 2008 2009 2010 2011 2012
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Figure: Salvador Retail Real Estate Market Future Projections by Gross Leasable Area in Square Meters, 2013-2017
900,000
800,000
700,000
600,000
500,000 Square MeterSquare
400,000
300,000
200,000
100,000
0 2013 2014 2015 2016 2017
BRAZIL HOTEL REAL ESTATE MARKET
The ADR and RevPar of the Brazil Hotel Real estate market were registered at BRL ~ and BRL ~ respectively in 2012 which has grown from BRL 130 and BRL 82 in the year 2006. The occupancy rate in the year 2012 was ~% which have dropped from 63.4% in 2006. The reasons for High ADR and RevPar……..
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Figure: Brazil Hotel Real Estate Average Daily Rate, Revenue per Available Room in Brazilian Real; and Occupancy Rate in Percentage (%), 2006-2012
300.0 68% 66% 250.0 64% 200.0 62% 60% 150.0 126.0 58% 100.0 82.0 56% Brazilian Real 54% 50.0 52% 0.0 50% 2006 2007 2008 2009 2010 2011 2012
Average Daily Rate Revenue Per Available Room Occupancy Rate
BRAZIL HOTEL REAL ESTATE MARKET SEGMENTATION BY TYPES OF HOTELS, 2006-2012
The Hotel Real Estate of the Country is mainly segmented into three types of hotels which are Independent Hotels; Hotel and Condo Hotel International Chains; and Hotel and Condo Hotel National Chains. The Independent Hotels are largest contributing segment to the Country’s Hotel Real estate which contributes ~%. Following the Independent Hotels are Hotel and Condo Hotel International Chains which contribute ~% and lastly is the segment ………….
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Figure: Brazil Hotel Real Estate Market Segmentation by Independent Hotels; Hotel and Condo Hotel International Chains; and Hotel and Condo Hotel National Chains in Percentage(%), 2006-2012
100.0% 98.0% 96.0% 94.0% 92.0% 90.0% 88.0% 86.0% 84.0% 82.0% 80.0% 2006 2007 2008 2009 2010 2011 2012 Independent hotels Hotel and condo hotel international chains Hotel and condo hotel national chains
BRAZILIAN HOTEL REAL ESTATE MARKET FUTURE PROJECTIONS, 2013-2017
The market is expected to witness the development of ~ hotels in the year 2013 with ~ Rooms across all the segments of hotels. The gap in the number of hotels across the country…. During the period of 2013-2017 the Number of Hotels will grow at a CAGR of ~% and the Number of Rooms will grow at a CAGR ~% during 2012-2017. The Number of Hotels in 2017 is estimated to reach ~ units while the Number of Rooms in 2017 is expected to reach ~ units.
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Figure: Brazil Hotel Real Estate Future Projections by Number of Hotels and Number of Rooms in Units, 2013-2017
35,000 1,200,000
30,000 1,000,000 25,000 800,000 20,000 600,000 15,000 400,000 10,000
5,000 200,000
0 0 2013 2014 2015 2016 2017
Number of Hotels Number of Rooms
BRAZIL COMMERCIAL REAL ESTATE MARKET
BRAZIL COMMERCIAL REAL ESTATE MARKET SEGMENTATION BY OFFICES AND INDUSTRIAL PARKS
The largest contributor to the Segment on the basis of Existing Inventory has been Industrial Parks with a percentage contribution of ~% in the year 2012 followed by Office space segment with a contribution of ~%. Despite being of the largest contributor the industrial sector of the country faces the problem of shortfall in the supply of the industrial parks. However in context of demand the office spaces dominate ………………….
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Figure: Brazil Commercial Real Estate Market Segmentation by Offices and Industrial Parks on the basis of Existing Inventory, 2006-2012
100.0% 90.0% 80.0%
70.0% 64.2% 60.0% 50.0% 40.0%
Percentage 30.0% 20.0% 10.0% 0.0% 2006 2007 2008 2009 2010 2011 2012
Industrial Parks Offices
SAO PAULO OFFICE SPACE REAL ESTATE MARKET INTRODUCTION AND SIZE, 2006-2012
The Market size of Sao Paulo commercial office space in terms of Existing Inventory stood at 1, ~ thousand Sq.m in 2012 which grew from ~ thousand Sq.m in the year 2006. The Existing Inventory in Sao Paulo office space market has been growing at a CAGR of ~% during the period of 2006-2012. The Existing inventory grew by 20.1% in the year 2012 reaching ~ thousand Sq.m……………
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Figure: Sao Paulo Office Space Real Estate Market Size by Existing Inventory and Net Absorption in Thousand Square Meters, 2006-2012
2,000 200 1,800 180 1,600 160 1,400 140 1,200 108.0 120 1,000 100 800 80 1,491.0
600 60 Thousand Sqm Thousand Sqm 400 40 200 20 0 0 2006 2007 2008 2009 2010 2011 2012
Existing Inventory Net absorption
Table 1: Summary of Major Industrial Parks in Sao Paulo State, 2012
Total New Avg. Rent Asked Inventory Vacancy Gross Inventory Price (BRL/Sq.m/per Region (Sq.m) Rate (%) Absorption(Sq.m) (Sq.m)) month) Barueri
São Paulo
Guarulhos Vale do Paraíba
Cajamar
Cotia/Embu Sorocaba
Atibaia
Grande Campinas Jundiai
Whole Market
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BRAZIL INDUSTRIAL PARKS REAL ESTATE MARKET FUTURE PROJECTIONS, 2013-2017
The existing inventory in industrial parks space segment is estimated to grow at a CAGR of ~% during the period of 2012-2017. The existing inventory would reach ~ thousand Sq.m in the year 2017 from ~ thousand Sq.m in 2012. The net absorption of existing inventory is expected to reach ~ thousand Sq.m in 2017 from ~.0 thousand Sq. m in 2012. The net absorption is projected to grow at a CAGR of ~% for the period of 2012-2017.
Figure: Brazil Industrial Parks Real Estate Future Projections by Existing Inventory and Net Absorption in Thousand Square Meters, 2006-2012
45,000 45,000 40,000 40,000 35,000 35,000 30,000 30,000 25,000 25,000 20,000 20,000 15,000 15,000 Thousand Sq.m
10,000 10,000 Thousand Sq.m 5,000 5,000 0 0 2013 2014 2015 2016 2017 Inventory Net absorption
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