EcoHouse Group offers secure investment to investors by holding funds in an ‘escrow’ facility, controlled by an independent lawyer.
A brochure for the investment, seen by an independent Financial Adviser, states that EcoHouse Group’s first social housing development, Arco Iris, had seen every unit pre-sold before completion and investors’ funds being “returned within 12 months”.
EcoHouse Group also has another scheme in the pipeline, the Bosque development, with two phases already pre-sold and further phases planned throughout Brazil.
The independent advisor stated that “The problem is that politics in these regions are very unstable and there is always a degree of uncertainty about what would happen if developments stall. Advisers must enter this area with the best realisation of all the possible outcomes, good and bad.”
The escrow facility protects the investor’s money from any problems that may arise…
Jason Purvor, international commercial director at EcoHouse Group, said: “This is a real estate transaction where clients buy an option to own a full constructed unit and capitalise on a government-backed social housing programme. The escrow facility is overseen by a third-party lawyer, who is regulated under the Solicitors Regulatory Authority.
“Our clients tend to be general real estate investors, who already have an alternative investment portfolio.”
Mr Purvor said investors had received their capital plus 20 per cent on the Arco Iris scheme, but the subsequent return on the Bosque development had been lowered to 15 per cent as a “commercial decision”.
The company now had sufficient capital to be looking at the next social housing project in the region, he added.
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