Recife is one of Brazil’s largest coastal cities so you would think I would be a prime candidate for the Brazilian social housing programme (Minha Casa Minah Vida) but up until now no major social housing developer has starting building in or around the city. One of Brazil largest MCMV developers, EcoHouse Group who have launched various projects in Rio Grande do Norte have now moved their attention South to Porto Alerge in Rio Grand do Sul.
Recife’s population of well over four million people (about half the size of Greater London) makes it actually the fifth largest metropolitan area in the whole country so is in desperate need of additional housing.
It’s pretty much unique, sited as it is where two major rivers reach the Atlantic Ocean. The name of the city itself ( meaning ‘reef’ in Portuguese) refers to a nearby coastal feature; the beautiful coral reefs that abound in the shallow water.
It was one of the very first European settlements in Brazil but took a long time to grow to any significant size. After all, there are nearly three hundred years between the first small settlement in 1537 and its eventual foundation as an actual city in the year 1823.
Recife is the capital city of the state of Pernambuco which is situated almost exactly on the eastern ‘nose’ of Brazil, in between the neighbouring states of Paraiba to the north and Alagoas to the south. Recife is an important focus for both business and industry in the northeast. A great deal of both these areas is connected, directly or indirectly to tourists and other temporary visitors and the maintaining and developing of facilities for these people.
Other industries in the metropolitan area centre on food, energy and transport issues. An important example of this is the processing of sugar cane to produce either sugar itself or ethanol, a major source of fuel in Brazil. There is also a ship-building industry and an increasing expansion in the construction of oil platforms and associated equipment. In recent years, small and medium sized electronic goods have also become significant.
The city of Recife is noted for one other aspect, too; its facilities for higher education. These are well-known and respected throughout the north east and indeed the whole of the country. In particular the Federal University of Pernambuco is the largest (and many say the best) such establishment in the whole region.
Yet another feature and claim to fame of the city and its wider zone is its medical reputation. This has been helped along by a combination of government expenditure and investment from private sources. Nowadays Recife is widely regarded as at least the second (after Sao Paolo) centre of medical excellence.
As regards the Brazilian national passion, Recife was also one of the twelve cities to host the FIFA World Cup competition this year (2014).
EcoHouse Group’s latest Minha Casa Minha Vida development in called ‘Monte Alegre’ and is located just outside Alvorada, as always EcoHouse is raising funds though private investment where investor can get a massive 17% return in just months form a £21,000 investment.
EcoHouse plan to launch additional MCMV developments and expand their operations in Brazil, EcoHouse Group recently closed their Singapore office and plan to manage all global affairs from the EcoHouse Group global headquarters in London, UK, a move welcomed by many who found that dealing with local branches difficult when trying to get up to date information on new and current projects.