House own

Increased value of property subsidized promises to offer low-income

07/29/2010

 
Extending the value of housing subsidy program benefited from my home, my life, from R$ 60.000 to R$ 75.000, and the extension of tax exemption for low-income housing program, announced by the Government, will expand its supply of properties for the range of the population that is concentrated in the largest housing deficit in Brazil. With the increase, home prices start to follow the evolution of prices in the housing market being overheated.

"With this measure, the government has an incentive for construction companies implement it works for incorporation (including construction and sales). With U.S. $ 60 000 today, it is almost impossible to execute such a property, "says André de Souza Lima Campos, vice president of construction Enccamp. In assessing the entrepreneur to opt for the Special Tax, which reduces federal taxes and unified by 1%, the builders increase their profitability in the projects.

"Properties with values between R$ 60.000 and R$ 75.000 can be bought up by people with incomes below three minimum wages, because of the benefits of the program," Campos contends. He also reminds that there is a slice of the population with incomes between three and four minimum wages that could not even reach the maximum limit of the program (R$ 130.000) and could not fit in the range between zero and three minimum wages. The trend, he says, is that the government initiative to act as an incentive to builders, which should increase the number of launches in the segment in the metropolitan area of Belo Horizonte, the capital since it is impossible to find real estate in value.

According to Undersecretary of Taxation Internal Revenue Service, Sandro Serpa, the current single tax rate on the properties of my home, my life falls from 6% to 1%, distributed to four taxes to be collected (Income Person Legal, PIS / Cofins and Social Contribution on Net Income). Serpa estimates that for 2010, tax breaks with the program you will be around R$ 20,25 million. "The period from the special tax program expired on December 31, 2013. Now been extended until the end of 2014 with a view to the general rule that the special tax regimes have a term of five years. "

Evandro Veiga Negrão de Lima Jr., vice president of embodiments of the Chamber of Real Estate Market (CMI / Secovi), believes the impact on supply begins immediately after the announcement of the decision. "The builders have more room to construct buildings up to R$ 75 000. That is where the largest concentrated housing deficit in Brazil, "claims.

Steel

Steel production in Brazil had reached around 16.4 million tonnes in the first half, representing growth of 11% compared to same period in 2009. Meanwhile, imports of this input has reached 2.7 million tons, up from 1.1 million in the first six months of last year. Between one period and another, the purchase of steel in the international market increased by 148%. The figures were released Wednesday by the Institute Steel Brazil (IABr). The increase in imports is the result of an appreciated real ultra-world supply, since the international market has 600 million tons of steel stockpiled. "The import is not a problem for the steel sector. It is a problem that affects the entire Brazilian economy, "says Marco Polo de Mello Lopes, chief executive of IABr.

Despite the invasion of imported steel in the country, Lopes provides an upward trend for prices of steel products because of cost pressures driven by increases in prices of iron ore and coal, raw materials, which together account for 50% of costs steel manufacturing. He said the steel is not fully passed along to customers the strong increases in prices charged by producers of iron ore and coal, which total over 100% in each sector. "It is clear that any increase will have to occur. But we do not know when and where the intensity," he said.
 


Source: Uai - Economy

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