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EcoHouse Group attracts £15m of investment in just six hours(February 18, 2013)
Toronto, Canada (PRWEB) February 18, 2013
Around 550 existing investors pledged the money while attending special presentations during celebrations to mark EcoHouses latest office opening in Singapore.
EcoHouse, an ISO 9001 certified constructor with over £300 Million of gross development value under construction is the leading provider of government backed 'Minha Casa, Minha Vida' low-cost housing communities in North Brazil and is expanding construction throughout Brazil.
The company is expanding globally due to the appeal of EcoHouses escrow backed investment offering. Investors have already seen returns of 20% per annum with very low cost of entry. Just £23,000 allows the developer to deliver a much needed social housing unit and the investor to gain a double digit return.
As interest rates in many countries remain low and with inflation often significantly higher, investors are looking for innovative investments to give them the returns they need to keep their money growing rather than effectively decreasing.
EcoHouse Group is spearheaded by British entrepreneur, Anthony Armstrong Emery, and has more than 1,000 staff in Brazil, the UK, Singapore, Canada and Dubai.
The company has now sold more than 1,500 social housing units in just 15 months to investors in no fewer than 25 countries as diverse as the Lebanon and India.
Its Bosque MCMV development, near Natal, features 2,224 homes and a host of new community facilities unrivalled in similar developments including an on-site primary school, shopping centre, child day care centre, police station, offices and a leisure club with tennis/basketball courts and cycle paths. The company plans to establish more Bosque developments in Brazil.
All construction deadlines have been met or beaten and many initial investors, who received their promised returns in just 12 months, are choosing to reinvest.
Jason Purvor, EcoHouse Commercial Director, says the trick is to offer a simple investment. "Everyone knows that Brazil ticks many boxes, but what they don't tell you is that investing in the country's real estate market can be extremely complex. A developer in Brazil has two choices for construction finance. One involves going to the bank which can be extremely slow. The other is by treating international investors as 'the bank' and going to them. This is what we do.
He goes on to explain: "The Brazilian government decided three years ago that it wanted to help families move from poor quality housing into simple but good quality homes. It underwrites thirty- year mortgages at five per cent. This has created massive demand but developers still aren't building the properties fast enough to meet demand. This creates a fantastic opportunity, so as soon as we build the houses they are moved on to local families, desperate for their new home.
EcoHouse Group is also developing its Office brand of commercial serviced offices across Brazil and currently has first home projects worth R$1billion in gross sales values under construction and development.
With 40,000 units in the pipeline for the next five years and the product expanding beyond North East Brazil where they are the biggest developer, EcoHouse Group faces an exciting future.
For more information about EcoHouse Group and its investment opportunities, go to: http://www.ecohousegroup.com.
For press inquiries contact:
Adrian Bishop on +1 226 880 0059
Read the full story at http://www.prweb.com/releases/2013/2/prweb10437374.htm.
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