Minha Casa, Minha Vida has a higher price increase, says study – 02/24/2023 – Market

A survey of the confidence indicator in the residential real estate sector, carried out by Deloitte in partnership with Abrainc (Brazilian Association of Real Estate Developers), shows that residential property prices continue to rise.

According to the study carried out with 51 companies, the price increase was 8.1% in the last quarter of 2022 compared to the previous period.

Expectations for the medium and high end segment point to a growth rate lower than that of prices for Minha Casa, Minha Vida participants over the next 12 months.

The survey shows that there was a reduction in demand for residential properties in the fourth quarter of last year compared to the previous one, with the medium and high standard segment putting pressure on the indicators.

“On the other hand, the market felt a maintenance in demand for properties in the Minha Casa Minha Vida segment at the end of last year”, says the report.

Despite a less optimistic demand and sales scenario, the study points to an upward trend for the coming quarters and in the long term.

As for construction costs, there was a cooling, with the value of labor growing more than that of materials, reversing the behavior registered in recent years.