Deal offers of real estate in Brazil
Deal offers of Real estate in Brazil
A Dynamic and growing Real Estate Market
The big question for those looking to make an investment today is: Is it worth investing in the Brazilian real estate market today?
After going through a year of 2019 marked by an improvement trend in the real estate market, yes, there are reasons to believe that we can maintain optimism. After all, the past year has been the best for the past five years, representing a growth in GDP numbers.
Civil Construction GDP, for example, which accounts for about 6% of national GDP, is projected to grow by 3.6% in 2020, according to data from the Brazilian Institute of Geography and Statistics (IBGE). These numbers are an important thermometer for measuring the economy. Real estate financing that uses resources from the Brazilian Savings and Loan System (SBPE) passbooks, and which cover medium and high-standard housing, also reinforces positive perspectives.
In April of 2019 last year alone, they reached R $ 5.77 billion, which corresponds to about 2.2% more than in March last year, and 40.3% more compared to the same month in 2018. There is also a favorable projection for high-end purchases, according to the Brazilian Chamber of Industry and Construction (CBIC). It is estimated that launches and sales of residential properties will grow up to 15% this year. High and medium-standard homes are identified as the main responsible for this increase.
Also according to CBIC, about 150 thousand new formal jobs in the civil construction area should be created by December this year.
The Corona-Crisis has created difficulties in the sector temporarily, as it has all around the world, thus representing a universal and levelling external shock.
However, due to the very favorable exchange rate (as of june 2020) and the migration effect (investors are looking to invest into time-invariant investment values) a strong growth can be predicted.
Real estate in Rio de Janeiro