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MG Will Receive Billion-Dollar Investment from Builders Bild and Vitta and Will Create Many Job Opportunities for Construction Professionals, Among Others
Attention construction professionals, maintenance, logistics, administrative, among others: the builders Bild and Vitta will invest R$ 1.2 billion in Uberlândia by 2024, which represents about R$ 400 million per year on average. The new investments promise to generate almost 10,000 job vacancies for the construction of 24 projects in high-standard buildings and popular buildings.
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Present in the city since 2019, the group has already launched seven residential buildings: four medium and high-end and three economic standard. “The forecast is that 4,700 direct job vacancies will be generated and an additional 4,000 indirect jobs to simultaneously serve almost 20 construction sites. We want to reach 2024 with 600 direct employees in the company; today we have almost 200 employees,” reveals regional partner Michael Teixeira do Nascimento.
The Group started to have a more aggressive expansion in 2017 and is present in more than 11 cities in São Paulo state, such as São Paulo, Campinas, Araraquara, Bauru, Franca, as well as Londrina in Paraná, and the cities of Uberlândia and Uberaba in Minas Gerais.
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According to Michael, the company maintains a presence in Uberlândia because it understands that it is a strategic city due to its connection with Goiás and São Paulo. There are 700,000 inhabitants and a real estate market with high demand and little explored. In Minas, Belo Horizonte is also on the radar, but there is no forecast yet. The company also intends to invest in other states such as Mato Grosso and Goiás.
Despite the Pandemic, the Real Estate and Construction Market Remained Hot and Generated Job Opportunities in the Country
The real estate market remained strong even in the face of the Covid-19 pandemic. Financing for property acquisition through the Brazilian Savings and Loan System (SBPE) totaled R$19.66 billion in the second quarter of 2021, a record not seen since 1994. This represents 86,200 properties this year.
According to Michael Teixeira do Nascimento, construction never stopped at any time. The construction market was very favored, generating many jobs, always with high demand. “People stayed at home for a long time and started to value their homes more. At the same time, the Selic rate was very low, fixed income plummeted, variable income fluctuated. This scared many people who had money saved, and they started to think about buying properties or renovating their homes.”
The challenge for 2022 is to maintain investments and sales. The regional partner of builders Bild and Vitta states that with the rise in the Selic rate, banks are already adjusting financing interest rates by up to 10%. Currently, 80% to 90% of properties are sold through financing.
“We will begin to live in this new scenario in 2022. We have to see how customers will behave. Interest rates will be a problem for several sectors, slowing down a lot of what is planned. We will have to feel it out as the market changes,” he concluded.
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