21 Nov 2013
Our survey shows that spending momentum is still weak, but should accelerate due to shoppers’ rosier economic outlook.
Cautious developers have shunned the scheme, but the experience of Direcional and MRV has been positive.
According to our survey, builders merchants nationwide are reporting a rapid increase in sales.
Some softening of renewal terms is possible, but the government’s determination to reduce the ‘Brazil cost’ is clear.
Experienced suppliers are now targets for local private equity groups seeking to break the funding squeeze.