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.
Brazil Government Cuts GDP Forecasts, Raises Inflation Outlook (Reuters, Nov. 17, 2021)
Brazil’s government recently revised its forecast for GDP growth over the next two years, anticipating less growth than originally predicted. At the same time, the economy ministry raised inflation risk for the country.
The World Bank in Brazil (The World Bank, Oct. 14, 2021)
“The COVID-19 pandemic exposed Brazil to an unprecedented health, social and economic challenge, leading to a 4.1 percent GDP decline in 2020, followed by a rebound in 2021. An emerging recovery in demand, both domestic and external, and a pick-up in commodity prices are expected to push GDP growth to 5.3 percent in 2021.”
Brazil: Recovery in Sight (Deloitte, Sep. 27, 2021)
“As the pandemic eases from the peaks of the second quarter, both consumers and business sentiments have gone up. While worries over the labor market recovery and the pandemic’s impact on income inequality will remain in the near term, a range of planned reforms, if implemented quickly, may push the economy toward higher potential growth.”
Brazil’s Post-Pandemic Recovery Threatened by Inflation and Rising Rates (Financial Times, Aug. 31, 2021)
Economists predict a slowing of Brazil’s recent economic recovery, identifying rising inflation and interest rates as potential challenges. Additionally, the upcoming presidential elections in 2022 introduce significant uncertainty and possible political volatility.
Real Estate Issues & Trends
Distressed Funds Buy Brazil Real Estate Loans as Defaults Soar (Bloomberg.com, Nov. 16, 2021) E
“Surging construction costs are sending delinquency rates skyrocketing among Brazilian developers, persuading a growing number of lenders to dump their loans and creating a feast for distressed-asset funds.”
Brazil MarketBeat (Cushman & Wakefield, Oct. 21, 2021)
Quarterly reports on the investment, office, and industrial markets in Rio de Janeiro, São Paulo, and Brazil as a whole.
Despite Economic Woes Brazilian Real Estate Sector Shows Breath (World Markets Daily, Jul. 20, 2021)
The real estate market in Brazil has shown improvement since the country’s economic downturn in 2020, particularly in the residential real estate sector. Foreign investors have taken advantage of Brazil’s weakened currency to find affordable deals.
MarketLine Industry Profile: Real Estate in Brazil (MarketLine, Jun. 2021) E
“An industry report for the Real Estate industry in Brazil is presented from the publisher MarketLine, with topics including Market value forecast; Competitive Landscape; and the Market analysis.”
Second Home Market
Luxury Property in Brazil Sees Strong Growth in 2021 (BRIC Group, Sep. 11, 2021)
“The country’s two main luxury markets, São Paulo and Rio de Janeiro, have both seen a large uptick in demand for properties worth over R$2 million.
“Many people reconsidered their living values,” said Claudio Hermolin, President of the São Paulo Civil Construction Association (SECOVI-SP). “As they looked for a better quality of life, demand increased for larger homes at the higher end of the market.
Hermolin said that the first quarter this year was the best for luxury property in Brazil since 2015, with the sector experiencing significant recovery over the last year.”
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.
Rio’s Foreign Property Investors Score Deals on Currency Woes (Bloomberg CityLab, Jun. 4, 2021)
“For investors with hard currency, a 21% plunge in the Brazilian real since the start of 2020 has enticed them to pick up real-estate bargains. Buyers have pounced on dips and swings in the foreign exchange rate, purchasing vacation homes and investment properties”
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
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®, 2021)
2017 NAR Investment and Vacation Home Buyers Survey (Chicago, IL: National Association of REALTORS®, 2017)
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