References
NAR Library & Archives has already done the research for you. References (formerly Field Guides) offer links to articles, eBooks, websites, statistics, and more to provide a comprehensive overview of perspectives. EBSCO articles (E) are available only to NAR members and require the member's nar.realtor login.
Economic Climate
Brazil: Economic and Political Outline (Santander Trade, Oct. 15, 2022)
“Brazil is the world's thirteenth largest economy. The country is still working on rebuilding itself after the recession that happened seven years ago, when the economy contracted by almost 7%. Since then, Brazil hasn’t been able to grow at the same pace it was used to during the decade before the recession hit. However, the Brazilian economy has been experiencing a slow but steady recovery in recent years. In 2021, GDP grew by an estimated 5.2%, mainly driven by a gradual re-opening of the economy and higher commodity exports. South America's largest economy is expected to grow at a slower pace in the coming years, with the IMF predicting a GDP growth of 1.5% in 2022 and 2% in 2023.”
Brazil Economic Outlook, October 2022 (Deloitte, Oct. 14, 2022)
“With inflation finally waning, Brazil’s economy should be well positioned for stronger real growth. Improvement in the labor market, higher consumer confidence, and a pause in interest rate hikes should support domestic demand. However, the external environment is deteriorating. A global recession would zap exports, which had been an engine of growth since the pandemic hit. Plus, fiscal belt tightening, although necessary, will ultimately restrain GDP growth next year. Government support to the economy will be difficult to come by given the large sum of money it has to spend to service its existing debts.”
The World Bank in Brazil (The World Bank, Oct. 7, 2022)
“In 2022, significant downside risks remain in this highly uncertain environment. The global economic backdrop further weighed on Brazil’s recovery, including inflation and rising policy rates—both in Brazil and in the world—and supply bottlenecks related to the ongoing war in Ukraine, causing commodities prices to soar and thus further reinforcing the inflation pressures (8,73 percent in August 2022). Additionally, concerns remain about anemic potential growth and slow policy reform momentum. Restoring fiscal sustainability still represents the most urgent economic challenge for Brazil, despite the ongoing fiscal consolidation achieved throughout 2021.”
Real Estate Issues & Trends
Brazil MarketBeat (Cushman & Wakefield, Jul. 20, 2022)
Quarterly reports on the investment, office, and industrial markets in Rio de Janeiro, São Paulo, and Brazil as a whole.
MarketLine Industry Profile: Real Estate in Brazil (MarketLine, Jun. 2022) E
“The article presents the discussion on Brazilian real estate industry. Topics include industry being valued using the total revenues generated by landlords through the leasing and renting of private and council properties; and weak growth trajectory expecting for the rest of the forecast period as a result of a setback in economic recovery affecting the real estate industry.”
Real Estate 2022: Brazil Trends and Developments (Chambers and Partners, May 5, 2022)
“It is worth noting the resilience of the Brazilian real estate market given the difficulties of the pandemic. In this scenario of uncertainties, the Brazilian real estate market has innovated with proposals that aim to adapt the market to the new post-pandemic reality, namely:
- properties that include an office, given the hybrid work model implemented by several companies;
- a larger living area;
- metaverse properties, with the union of the physical and virtual world;
- buildings use conversion (eg, commercial units into residential, hotel units to loft/apartments, shopping malls into hospitals/medical centres, etc);
- approval of zoning law bills aiming to revitalise degraded and abandoned areas in large urban centres, among others.”
Brazil’s Real House Prices Are Falling (Global Property Guide, Oct. 15, 2021)
“Brazil’s high inflation makes it appear that house prices continue to rise. But it’s an illusion. In July 2021, Brazil’s FIPEZAP house price index rose by 5.13% from a year earlier, its biggest y-o-y nominal increase since April 2015. However when adjusted for inflation, nationwide house prices were actually down by 3.57%.”
Second Home Market
High-End Property in Brazil Set for Solid Year (BRIC Group, Nov. 4, 2022)
“After a spectacular rise in launches last year, high-end property in Brazil is set for more of the same in 2022. The latest Confidence Index for residential real estate offers high expectations for more launches and purchases of land over the year. As a result, prices should rise in tandem, particularly as the values for luxury property remain well below international levels. “
House Hunting in Brazil: A 19th-Century House on the Coast (The New York Times, Nov. 24, 2021)
“While foreigners visit big cities like São Paulo and Rio de Janeiro for business purposes and tend to buy there, there is also a lot of interest in tourist areas, such as the beach regions of Rio de Janeiro, which include Angra dos Reis, Paraty and Búzios, Ms. Victorino said.
International buyers have also shown interest in the northeast of Brazil, such as Trancoso and southern Bahía state, and in southern areas, such as Balneário de Camboriú, she said.”
A Comprehensive Guide to Moving to Brazil (InterNations, Sep. 9, 2021)
Information on relocating, living, and working in Brazil as an expatriate. Includes info on visa requirements, popular destinations, and housing.
Real Estate Practices Around the World (National Association of REALTORS®, 2018)
Guidelines on real estate practices, laws, and transaction processes in countries across the globe, as provided by NAR’s Cooperating Association partners.
Real Estate Organizations & Contacts
La Confederación Inmobiliaria de Latinoamérica (CILA) is made up of the leading real estate associations in 18 Latin American Countries. CILA seeks better competitive conditions in international real estate business in and defends the professional interests of its members.
CIPS Search (National Association of REALTORS®)
Certified International Property Specialist (CIPS) designees are REALTORS® who have undergone specialized training focused on conducting business in the international real estate arena. Use this search tool to find CIPS designees who specialize in Brazil.
Conselho Federal de Corretores de Imóveis (COFECI) is the federal association of 25 regional real estate councils in Brazil. Representing over 400,000 real estate professionals and 50,000 brokerages, COFECI regulates ethics and professionalism in the real estate industry.
Cooperating Associations for Brazil: Global Alliances (National Association of REALTORS®)
Find key contacts at NAR’s cooperating associations in Brazil.
“Since 1946, the São Paulo State Housing Syndicate (Secovi-SP) has been recognized as the home to the Brazilian real estate industry. The Syndicate houses several key operating sectors of the real estate production and service chain in Brazil, such as construction development companies, shopping malls, hotel enterprises, condominiums as well as real estate marketing and management, property rent, lease and sale, urban development and land planning.”
eBooks & Other Resources
eBooks.realtor.org
The following eBooks and digital audiobooks are available to NAR members:
Brazil: Quick Guide to Customs & Etiquette (eBook)
Brazil is the New America: How Brazil Offers Upward Mobility in a Collapsing World (eBook)
Business Across Cultures (eBook)
Business Without Borders: A Strategic Guide to Global Marketing (eBook)
Communicating Globally (eBook)
Culture and Customs of Brazil (eBook)
Emerging Market Real Estate Investment : Investing in China, India, and Brazil (eBook)
Eye Witness Travel Guides: Brazil (eBook)
Global Color: Clues and Taboos (eBook)
Global Etiquette Guide to Mexico and Latin America (eBook)
How to Say It® Doing Business in Latin America (eBook)
Investing in BRIC Countries : Evaluating Risk and Governance In Brazil, Russia, India, & China (eBook)
Multicultural Manners (eBook)
No Going Back—Buying Abroad (eBook)
Say it Right in Brazilian Portuguese (eBook)
TravelTalk® Brazilian Portuguese (Audiobook)
Books, Videos, Research Reports & More
The resources below are available for loan through NAR's Library & Archives. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call the Library & Archives at 800-874-6500 for assistance.
International Transactions in U.S. Residential Real Estate (Chicago, IL: National Association of REALTORS®, 2022)
2017 NAR Investment and Vacation Home Buyers Survey (Chicago, IL: National Association of REALTORS®, 2017)
Have an idea for a real estate topic? Send us your suggestions.
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