SAO PAULO, Aug. 28, 2013 /PRNewswire/ -- Latin Markets and EY, formerly Ernst & Young, will host the 2013 Real Estate Brazil Forum, expected to bring together 400+ industry leaders in Rio de Janeiro on September 16th and 17th for a discussion on the future of real estate in Brazil. View the event agenda here.
Latin Markets' publication, Latin Private Equity Journal, sat down with key event speaker, Viktor Andrade, Head of Mergers and Acquisitions for EY in Brazil, to talk about what he's seeing on the ground.
"When you talk about the real estate sector, Brazil has a gigantic amount of repressed demand that comes from two decades of recession," Mr. Andrade explains. "Now housing is much more affordable because more adequate financing is in place and there is a mass of people that are only starting to gain real income and buy homes."
Looking ahead to the 2016 Olympic Games in Rio de Janeiro, Mr. Andrade spoke on the need for improvement in the quality of hotels, noting that "We're going to get a better stock of hotels in Rio and this will lead to the older hotels being shut down or retrofitted. We'll be more prone to have an adjustment in hotel room rate prices rather than vacancies in the future." (View the full interview here)
The Real Estate Brazil Forum will include speakers from EY, the Health Industry Plan of Australia, Eastman Corporation Pension Plan, Koch Equity Investments, Utah Retirement Systems, FUNCEF, Valia Pension, Fundacao CESP Pension, Courtland Partners and Waverly Advisors, in addition to a keynote presentation by Henrique Meirelles, Former President of the Brazilian Central Bank.
This forum will be a vital platform providing international investors access to opportunities in Brazil, as well as local investors access to international opportunities.
Date: September 16-17, 2013
Event: The Real Estate Brazil Forum
Location: Copacabana Palace Hotel, Rio de Janeiro
