Exhibit 15.1
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July 5, 2012
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Commissioners:
We have read the statements made by Gafisa S.A. (copy attached) which we understand will be filed with the Securities and Exchange Commission, pursuant to Item 16.F of Form 20-F, as part of the 2009 Form 20-F/A #2 dated July 5, 2012. We agree with the statements concerning our Firm in such Form 20-F.
Very truly yours,
/s/ PricewaterhouseCoopers
PricewaterhouseCoopers
Auditores Independentes
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