The Minha Casa, Minha Vida (My House, My Life) campaign was announced by the Federal Government in March 2009 as one of the means of reducing the inequality gap and housing deficit in Brazil. With a governmental investment to construct 3 million houses  to be built (in partnership with the states, municipalities and private sector by 2014) and allocated to families on a means tested basis:

Households with a total income of up to 3 times the minimum wage (currently at 465 reais per month) will be permitted to access the full allowance without any insurance and notary registration costs to pay.

Households with a total income between 3 and 6 times the minimum wage can gain income supplements for loans; a discount on the cost of insurance; a 90% reduction of the notary registration cost and access to the ‘guaranteed’ fund (which will cover them in the case of unemployment, death or other specified circumstances).

Households with a total income of between 6 and 10 the minimum wage can receive lower costs of insurance, an 80% reduction of the notary registration cost and access to the ‘guaranteed’ fund;

Under the program, households earning up to 4,200 reais will be able to purchase a house with a close to zero interest rate and refinance it over 36 months. As an example, those households that are earning up to 3 times the minimum wage will be allowed to purchase a house up to the value of 52,000 reais, for which the scheme will contribute 46,000 reais leaving the buyer to provide the remainder 6,000 reais – this would (usually) be borrowed from the Caixa Federal and repaid in installments of 46.50 reais per month.

Nevertheless, the employment benefits of the increased construction workers required to meet the ever rising demand of the program has been noted. Share indexes of two the largest homebuilders, Cyrela Brazil Realty and Gafisa SA, have increased by over 50% since the introduction of the program. Furthermore, the breakthrough in the ability of the poorer end of Brazilian society to better their lives cannot be underestimated and many see it as a long-overdue necessity which will assist the country’s long-term growth.

Phase II -  Obelisk in Brazil is going to build 1,120 apartments under the scheme which will realize 3 investment opportunities of approximately £250,000 - £600,000 by means of a one off capital investment. The entire investment is completed in 24 months. ROI is 170% in 24 months.  ALL SOLD

Phase III  - Obelisk is going to build apartments in the city centre of Natal with 100,000 waiting list for this prestgious development.  The total scheme will amount to 2,000,000€ and investors can choose any multiple of 250,000€ blocks they wish, right up to the maximum investment of 20,000,000€. You will be offered the opporunity to receive the presentation either by video link or you can attend Obelisk's offices in Marbella, Spain.  ALL SOLD

Phase IV    Obelisk is going to build apartments in the city centre of Natal with 120,000 waiting list for this prestgious development.  The total scheme will amount to 15,000,000€ and investors can choose any multiple of 250,000€ blocks they wish, right up to the maximum investment of 15,000,000€. You will be offered the opporunity to receive the presentation either by video link or you can attend Obelisk's offices in Marbella, Spain.  FINISHED ALL SOLD now from 15/09/2010

NO FURTHER INVESTMENTS CURRENTLY AVAILABLE IN THIS SCHEME

To receive a summary prospectus please request a Non Disclosure Agreement using the form below. After you have received, please sign and complete  and return as a scaned document to us via email.  OR contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Once received we will forward a full prospectus with details of the scheme and ROI.