Quick Takeaways

  • Experts predict slow growth for Brazil’s economy in the near future.
  • Brazil’s real estate market is resilient, but recent performance has declined.
  • Luxury and second-home markets remain strong.

Several real estate associations and CIPS designees specializing in Brazil can provide assistance and resources on Brazilian real estate.

Improvements seen in Brazil’s economy last year diminished in 2022. Against a backdrop of global economic challenges, policy issues, and existing debts, experts predict slower growth in the coming year.

Brazil’s residential and commercial real estate markets have been resilient in recent years, successfully adapting to needs spurred by the pandemic. However, the real estate industry’s performance was weaker in 2022 than in the previous year. Overall home prices are down after adjusting for inflation, but rental demands have increased.

Luxury and second home markets continue to perform well. 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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