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Housing prices increase 450%! NE Brazil

February 7 2014

The arrival of Shopping Mangabeira saw housing prices increase 4.5 times more expensive in this neighborhood. Homes that sold for an average of R$80,000, are now being found for R$ 450,000. The manager of Caxia, Isabel Oliveira, reported that only with the arrival of the agency to the neighborhood, housing prices had already doubled. “A house that stood in front of this agency was sold for R$ 1 million,” he said.

The accompanying engineer Edileuza Silva Ribeiro de Brito, told the neighboring residence that his house in the neighborhood Mangabeira was sold two weeks ago for R$ 450,000. “It is a very good home. It’s all paved and has three bedrooms. But, as is in Mangabeira, prices never reached R$ 100 thousand. But today, there is no other house in Mangabeira for less than R$ 250,000. Prices have risen a lot, “he said.

And not only were the sale prices of the properties that rose. The rental prices have also been high, but with less momentum. The student Jessica dos Santos said that on the rental point, a salon her mother runs has already increased R$ 350 in two months. “A year and five months we had been always paying less than R$ 200 per point. The price rose too fast. And this is happening at all here in Mangabeira. Everything is getting more expensive, “she said.

The diarist Edileuza dos Santos also commented that “the neighborhood is attracting a lot of investments and now works almost independently of the rest of the city”. She noted that there are now units of all banks, branches of large and small supermarket chains, clothing stores and food sector and professionals from various sectors of service. “Mangabeira is almost a city and now with this mall is that it will become independent”.

The work of building the mall Mangabeira, is already the second stage and continues at pace. The new mall will have 340 shops and investment of over U.S. $ 200 million. The prediction is that, in the first year of operation, the new venture turnover of R $ 300 million. Have a building area of 81 thousand square meters and will include five-screen cinema, 210 stores and 13 satellites anchors (super stores) such as Lojas

Riachuelo, Marisa, Centauro and Renner.

The mall also provides an expansion in the second stage, after five years of the mall built with over 60 stores being included to the original design. Besides the five cinemas, the project also includes a playground, six bowling lanes, 10 escalators and four elevators.

[Source: portalcorreio.com.br]


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