Análise de viabilidade econômico-financeira de um empreendimento imobiliário na cidade de Campo Mourão-PR

Abstract

Real estate developments in general have some peculiar characteristics such as: the large volume of financial resources involved, the low liquidity, the long production time and in general, the investors are individuals, who, for the most part, make decisions intuitively, according to their experience and perception of the economy momentary conditions. Thus, the analysis of economic-financial viability in ventures is of paramount importance. Therefore the work was structured in several stages with the purpose of constructing a building with the aim of leasing to the student public of undergraduate courses of the campus Campo Mourão. In order to reach the goals of the study, we have used research of housing preference, bibliographical survey and applied analysis of investments methods. Market research was carried out to determine the value of the construction site and rent of the housing units, whoses, was chosen in the survey. A standard project was made, observing the municipal legislation, later the budgeting of this one by estimation through the methodology of basic unit cost, the cost of production of the enterprise was determined and its possible cash flows were generated, adjusting annually in accordance with the historical accumulated index of the IGP-M, the taxes and specificities inherent to this type of investment were discounted. Finally, scenarios were simulated: pessimistic, moderate and optimistic of inflows of financial resources, NPV, IRR and Discounting Payback were applied to cash flow, it was concluded that it is financially viable to make this kind of investment with the considerations raised by the present study, with some caution. This confirms the importance of conducting a previous study, before investing money indiscriminately in any sector of the economy.