Real estate market should grow 5% in 2022 compared to last year

Despite expectations, the second half will still be weak, with a scenario of stability in the sector, points of Secovi-SP

Property prices should stabilize and may start to fall in the coming months. According to the market, the sector tends to grow 5% in 2022 compared to last year.

Despite the economic crisis, there is already evidence of a recovery and the creation of jobs.

The executive president of the São Paulo real estate market union (Secovi-SP), Ely Wertheim, says, however, that the second half will still remain turbulent. “We are understanding that now, in this second semester, we are going to experience a period of stability. The real estate market should not grow much, basically because we are going to have a second semester in a slightly deteriorated macroeconomic environment, due to the elections, the World Cup and the high interest rate.

But the market continues to function, it is strong, it continues to sell.

However, we understand that, until the end of the year, it will not have big growth. It is in a phase of stability, a little down, a little up. It should not have a strong rise”, he points out. In Wertheim’s evaluation, the high Selic interferes little in real estate financing. Regarding consumer costs, he projects a lower inflationary process.

Source: Young Pan