Strong demand for property in Natal

Around 70,000 potential Brazil property buyers have already registered an interest in buying a home in Natal, according to fresh report.

Although construction work on the mass regeneration of Natal, which will include over 1,500 new Brazilian homes, has only just got underway, demand is evidently rife for property in the area.

The renewal work in Natal is part of the government’s My Home, My Life, Brazil property scheme, which was launched earlier this year with the aim of creating over a million new residential properties in Brazil by 2011.

The Caixa Economica Federal has now accepted 42 housing proposals in Natal, with six of them already being contracted to homebuilders, representing a sales value of £70 million, according to UV10, which cites a report in The Tribuna do Norte newspaper.

Damiao Pitta, director of the State Housing Company, told the newspaper that families with children under the age of six, with disabled or elderly family members, or with women as the head would receive preference.

Although initially the My House, My Life programme was originally aimed at towns with a minimum of 100,000 inhabitants it has now been opened up to areas across the country.