Quick Takeaways

  • Brazil’s economy has shown some recovery since the height of the pandemic, but rising inflation and interest rates threaten this progress.
  • The real estate sector continues to improve, particularly for foreign investments and luxury properties.
  • Several real estate associations and CIPS designees specializing in Brazil can provide assistance and resources on Brazilian real estate.

After facing a decline in 2020, Brazil’s economy showed signs of recovery in 2021. While the GDP improved over last year, economists have revised their previously optimistic predictions in light of the country’s worsening inflation and rising interest rates. The upcoming presidential elections could introduce more economic uncertainty in 2022.

However, the real estate market continues to show improvement, especially in the residential sector. Foreign investors have found affordable deals in light of Brazil’s weakened currency. Compared to 2020, the industrial sector has performed well, while the office sector has been slower to recover.

Brazil’s luxury and second-home markets are strong in 2021. This is partly due to heavy interest from foreign investors, but also due to a reevaluation of life quality related to the pandemic. Buyers from the United States may find good bargains on vacation homes in Brazil, but should educate themselves on the country’s real estate laws, practices, and requirements for foreign buyers before making an offer.

Those seeking to learn more about real estate in Brazil can connect with a Certified International Property Specialist (CIPS) designee or reach out to one of NAR’s cooperating associations for Brazil.

See References for more information.

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