Celso Petrucci
Celso Petrucci is the chief economist of the São Paulo union of real estate companies, known as Secovi-SP. He has been actively engaging with the Brazilian government for over a year to address the negative impacts that loans against the FGTS 'sac-aniversário' have had on the real estate sector. Petrucci has voiced concerns that the increasing volume of these loans jeopardizes the future budget of the FGTS, which is crucial for housing programs like 'Minha Casa Minha Vida.' He argues that the unchecked use of FGTS funds for non-housing related expenditures could undermine the financial foundation needed for sustainable housing development.
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Brazil:
Celso Petrucci, director of the Economy entity of the real estate industry in São Paulo, explains the market's shift towards affordable housing due to the financial constraints of the middle class.
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Liechtenstein:
Celso Petrucci, the chief economist of the real estate market union in São Paulo, discusses the negative impact of FGTS advance loans on the real estate sector.
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