Estimated reading time: 4 minutes
The Brazilian real estate market has been a highlight in the country's economy in recent years, especially during and after the Covid-19 pandemic. In 2021, for example, there was an increase of 25.9% in real estate launches, in addition to the 12.8% growth in sales compared to 2020. In the last quarter of 2022, there was also an increase of approximately 42% in the number of launches compared to the same period of the previous year, according to data from the Brazilian Confederation of the Construction Industry (CBIC). That is, there is no lack of reasons for positive projections for 2023.
This heated growth during and after the Covid-19 pandemic may be a reflection of social isolation, which made people spend a lot of time in their homes and realized the importance of investing in more comfortable homes. In addition, several changes have taken place since the pandemic, such as the migration of some companies to the hybrid work format or home office.
As explained by Babiton Espindola, CEO of urban company ? real estate specialist in real estate investments -, the pandemic forced people to stay at home and, with that, they discovered new needs, such as a backyard, a workspace and a balcony, for example. ?Allied to this, we still had the lowest Selic rate in history, culminating in the lowest interest rate for mortgages. The sum of these factors led the real estate market to a great boom in recent years?, adds Babiton.
PROJECTIONS FOR THE REAL ESTATE MARKET IN 2023
Considering the rise of the real estate market in recent years, the feeling of most entrepreneurs in the field is that the scenario in 2023 should remain positive and promising. According to research carried out by Brain Estratégica and Abrainc, 62% of entrepreneurs in the civil construction and real estate believe that throughout 2023, the market will be even more heated, in fact.
CHANGE IN SELC'S PATH SHOULD BOOST THE SECTOR
One interest rate low is one of the biggest drivers for the real estate market, therefore, the rate Selic can also impact sales in the industry. It is worth mentioning that even with the high Selic rate in 2022, the real estate sector has not stopped growing. Therefore, with the signals from the Central Bank that the Selic will be lower in 2023, the scenario should be boosted.
In addition to the Central Bank having pointed out the tendency for the Selic to reduce later this year, specialists in the area also believe in this path. That is, in 2023 access to more accessible credit for the real estate market should happen and, consequently, an increase in demand for properties.
Another fact that may contribute to an even more positive scenario in 2023 is the fact that the real estate market is a strong inducer of the economic cycle in the country. Thus, regardless of the political scenario, real estate development is fundamental for Brazil and should continue with investments.
GOVERNMENT CHANGES AND THE MARKET REAL ESTATE
The tendency is for programs to encourage acquisition and construction to gain strength with the new government. After all, in previous Lula governments, civil construction was one of the flagships of social projects and, throughout his campaign, the current president emphasized that he would direct large investments to this sector of the economy.
?Considering these aspects, everything points to a very heated year for the real estate sector. That is, with lower rates of fees, government incentives, builders with a large volume of launches and, thus, many sales?, projects Babiton Espindola.
Source:
https://portal.comunique-se.com.br/
https://www.urban.imb.br/