by InDev Capital | Dec 20, 2017 | Global Deep Value Investor Section, Political Economy, Uncategorised
Emerging markets can be considered volatile (negative perception) or opportunistic (positive perception) at certain times of the cycle. It is clearly important to understand the underlying big themes that are driving the market’s behavior and perceived reduction of...
by InDev Capital | Dec 15, 2017 | Emerging Market Asset Manager, Finding Large Scale Investors, place 4, Timing the Cycle, Uncategorised
Unless you live in a cave, which is highly unlikely if you are a reader of this newsletter, it is obvious for most Asset Managers that the environment in Brazil has improved significantly. Retail stores are no longer closing en masse, closed stores are opening as new...
by InDev Capital | Dec 8, 2017 | Global Deep Value Investor Section, place 4, Political Economy
The higher you lift a pendulum in one direction, the more power the pendulum has to swing in the other direction. As an investor evaluates his or her global real estate investment opportunities, it may be valuable to determine where various markets reside on that...
by InDev Capital | Dec 2, 2017 | Resi Restart Finance Whitepaper
Banks in Brazil are fairly conservative. In fact, even in Brazil’s worst downturn, actual mortgage default rates remain relatively low. Banks’ credit decisions come at the end of the construction process when the bank actually receives the title of the property. A key...
by InDev Capital | Dec 2, 2017 | Resi Restart Finance Whitepaper
During the boom, there was a shortage of quality engineers and significant upward pressure on construction costs. In general, in today’s market hitting budget is achievable and expected. It is important that the developer has a top-tier quality team of engineers or...
