Real estate sales in Brazil increased by 17.3% in the second quarter



Property launches rose by 119.7% in the second quarter compared to the first quarter of the year

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20 August 2018, 3.23 pm

The sale of property in the country increased by 17.3% in the second quarter of this year, compared with the previous quarter. Compared with the same quarter of 2017, there was an increase of 32.1%.

The data – released today (20) by the Brazilian Chamber of Construction Industry (CBIC), in São Paulo – consider 21 cities and metropolitan regions & # 39; s.

Per region, the north rises with a 40.7% increase in turnover, followed by the northeast (34.7%). The Southeast had an increase of 16.4% and the Midwest 6.7%. The South was the only one that dropped out: 1.1%.

Property launches rose by 119.7% in the second quarter compared to the first quarter of the year.

Compared with the same quarter last year, there was an increase of 19.9%. The Middle West registered an increase of 697.7% in introductions, the South registered a rise of 234.1%, the southeast registered an increase of 144%, the Northeast fell by 4.7% and the North did not record any variation .

Stock reduction

A positive result for the sector was the reduction of inventories in the past three years. In December 2016, considered the "bottom of the pit" for the commercialization of real estate, the stock was 21 months. A year later it fell back to 17 months. In this study, stocks fell from June 2018 to 12 months.

"The sale is bigger than the launches, which have increased a lot but are not enough to replace the sold ones," said Juan Carlos Martins, president of CBIC.

"The shares are well balanced, there is no product or demand, there is a lack of business confidence and creditworthiness", says Celso Petrucci, chairman of the real estate committee of CBIC.

FGTS

The use of funds from the Guarantee Fund of the Time of Service (FGTS) is worried, according to Jose Carlos Martins.

For him there was a "large amount of resources" in recent years due to the withdrawal of inactive accounts and the reform of the labor legislation, making possible termination of contract.

My house, my life

In the first half of the year, 40% of sales in the city of São Paulo were owned by the Minha Casa, Minha Vida program.

Petrucci emphasized the high demand for housing for the first house in Brazil and said he does not believe in any change or suspension of the program by candidates for the presidency of the republic. "The program is a government policy, I do not see any conditions to recommend shortening," he said.

"It is very difficult to hear a company since 2009 [do Minha Casa, Minha Vida] what did not work, "he said." This reinforces the importance of the program, it is important that it has no discontinuity, "he added.

The projection of CBIC for the year so far, compared to 2017, is a growth of 5 to 10% at launches and a sales increase of 10 to 20%.


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