Mortgages in Brazil rise by 15% as lower interest rates and a stable property market encouraged more people to buy. Find out more.
The historic low in Brazilian interest rates since mid-2017 has sparked fierce competition among banks striving to attract clients. As a result, analysts expect the Brazilian property market to see supply drop dramatically by the end of this year.
The Fortaleza property market continues to show strong growth this year with rises in prices and sales in July, well ahead of national statistics
The Fortaleza property market is currently riding a wave. The city registered the second highest price rise in Brazil during Q2 and experienced an excellent month of June.
May was an excellent month for the Brazilian property market, which posted bullish results in both sales and launches. Sao Paulo property stood out in particular along with the luxury property sector, one of the stalwarts of the market in general.
Recent government measures have given the Brazilian property market a boost, particularly for demand. In some parts of the country, for example, Fortaleza, the market is already moving upwards with a rise in property prices.
The annual AFIRE survey reveals that yet again property investment in the US ticks all the right boxes for foreign investors. The survey also finds that the US and Brazil continue to offer the best opportunities for capital appreciation while Brexit has affected property investment in the UK and London.
The Brazilian property market faces 2017 with optimism. Based on the tandem of falling interest rates and rising investor confidence, many analysts are pointing to this year as the best time to buy Brazilian real estate.
The Brazilian government has just introduced an economic stimulus package, designed principally to build more properties in Brazil, particularly for the middle classes. Additional measures in the package bring welcome changes to financing in Brazil and are expected to both relieve household debt and stimulate spending.