INSUBCONTINENT EXCLUSIVE:
The Brazilian real estate market witnessed a significant upturn in 2024
New home sales increased by 21.5% from January to October compared to the same period last year.This data comes from a study by Abrainc and
The market saw 155,769 units sold during this timeframe
The Minha Casa, Minha Vida (MCMV) program emerged as the star performer.It posted a robust 26.1% increase in units sold and a 22.5% rise in
The program also saw a 33% jump in new project launches
These impressive figures stem from government adjustments made since 2023.The current administration increased housing subsidies for
They also adjusted the Special Tax Regime (RET) rate for tier 1 projects
firms like Cury, Direcional, MRV, Plano & Plano, and Tenda
While social programs benefited the sector greatly, the Medium and High Standard (MAP) segment also showed growth.Brazilian New Home Sales
(Photo Internet reproduction)This segment recorded a 3.8% increase in sales volume and a 23.7% rise in total value sold
noting that in September, the Selic rate resumed its upward trend
Historically, this has been detrimental to the real estate sector, which relies heavily on credit.Despite this, the industry showed
resilience and adaptability throughout 2024
demographics and strong buyer intent
fiscal responsibility are crucial for achieving this goal
