What is the real estate market like: Overview of 2023 and trends for 2024
Posted: Sun Dec 22, 2024 3:54 am
Concern about the current state of the real estate market is common, especially at the start of a new year.
Analyzing fluctuations, innovations and results generated throughout an entire year is essential to understanding the successes and challenges faced by the real estate sector. The data provides an overview of 2023 and the projections for 2024.
Knowing how the real estate market is doing after russia number closure helps us understand the expected development for the new year. In addition, the trends that will dictate the direction of the sector take into account what has been successful in the past.
Thinking about starting the activities at the beginning of this year in an assertive way, I will present the main information about 2023 and indicate some of the trends predicted for 2024. So, let's go together on this journey of knowledge?
Summary
The Real Estate Market in 2023: What Happened During the Year?
The influence of MCMV on the 2023 market
How is the real estate market after the end of 2023?
The influence of technology on the real estate market
What to expect from the Real Estate Market in 2024?
Sustainability
Technology
Emerging Markets
Do you already know CV CRM?
The Real Estate Market in 2023: What Happened During the Year?
How the real estate market is doing: image of a person's hands holding a miniature house. The number 2023 is highlighted.
To start the year aligning expectations and trends for 2024, it is necessary to revisit the events of last year. After the official end of the pandemic in 2022, the real estate market measured the situation that this scenario proposed as a trend for the following year, and growth was the key word for 2023 .
It is necessary to find out what led the sector to the results obtained and understand how the real estate market will start the year. Therefore, in addition to market research , it is necessary to analyze the numbers and actions that positively impacted the segment during the year.
ABECIP collected and developed data , reporting that the real estate sector saw a 35% increase in the percentage of real estate financing , totaling R$787 billion , in the first half of the year compared to the same period of the previous year . This expansion was caused by the decrease in the Selic rate , which brought a drop in interest rates on financing and attracted consumers .
Still, the biggest influencer on the growth of the Brazilian real estate market in 2023 was changes in consumer behavior and the 4.0 consumer . Preferences for comfort, security and accessibility have led to the emergence of some real estate trends such as sustainable homes , smart homes , condominiums with leisure spaces and coworking spaces .
The influence of MCMV on the 2023 market
To understand the current state of the real estate market, it is important to highlight the importance of the updates , especially the new rules of Minha Casa, Minha Vida . This is because the new rules have streamlined the process of purchasing real estate and made housing widely accessible to people of different income brackets , favoring the expansion of urban areas and large metropolises in Brazil.
The new MCMV revised financing conditions and expanded the possibilities for granting loans , as well as adjusting interest rates to reduce defaults . When it established credit ranges and increased the grant amounts , the program was able to contract 500,000 units and deliver around 21,000 homes , which expanded the number of loans and, of course, proposals for new projects aimed at the government housing system .
This movement was important to boost the real estate market in 2023, bringing more government investment and influencing the projection of new developments . It also contributed to the closing of partnerships between the government and construction and development companies in the sector.
How is the real estate market after the end of 2023?
What the real estate market is like: a miniature house on the left of the image. On the right are stacks of coins, a tape measure, a key and a floor plan.
From January to July alone , the real estate market showed a 14.4% growth in property sales compared to 2022. The largest segment was affordable housing , which saw an 18.3% increase and obtained, with transactions made within it, R$11.9 billion .
Analyzing fluctuations, innovations and results generated throughout an entire year is essential to understanding the successes and challenges faced by the real estate sector. The data provides an overview of 2023 and the projections for 2024.
Knowing how the real estate market is doing after russia number closure helps us understand the expected development for the new year. In addition, the trends that will dictate the direction of the sector take into account what has been successful in the past.
Thinking about starting the activities at the beginning of this year in an assertive way, I will present the main information about 2023 and indicate some of the trends predicted for 2024. So, let's go together on this journey of knowledge?
Summary
The Real Estate Market in 2023: What Happened During the Year?
The influence of MCMV on the 2023 market
How is the real estate market after the end of 2023?
The influence of technology on the real estate market
What to expect from the Real Estate Market in 2024?
Sustainability
Technology
Emerging Markets
Do you already know CV CRM?
The Real Estate Market in 2023: What Happened During the Year?
How the real estate market is doing: image of a person's hands holding a miniature house. The number 2023 is highlighted.
To start the year aligning expectations and trends for 2024, it is necessary to revisit the events of last year. After the official end of the pandemic in 2022, the real estate market measured the situation that this scenario proposed as a trend for the following year, and growth was the key word for 2023 .
It is necessary to find out what led the sector to the results obtained and understand how the real estate market will start the year. Therefore, in addition to market research , it is necessary to analyze the numbers and actions that positively impacted the segment during the year.
ABECIP collected and developed data , reporting that the real estate sector saw a 35% increase in the percentage of real estate financing , totaling R$787 billion , in the first half of the year compared to the same period of the previous year . This expansion was caused by the decrease in the Selic rate , which brought a drop in interest rates on financing and attracted consumers .
Still, the biggest influencer on the growth of the Brazilian real estate market in 2023 was changes in consumer behavior and the 4.0 consumer . Preferences for comfort, security and accessibility have led to the emergence of some real estate trends such as sustainable homes , smart homes , condominiums with leisure spaces and coworking spaces .
The influence of MCMV on the 2023 market
To understand the current state of the real estate market, it is important to highlight the importance of the updates , especially the new rules of Minha Casa, Minha Vida . This is because the new rules have streamlined the process of purchasing real estate and made housing widely accessible to people of different income brackets , favoring the expansion of urban areas and large metropolises in Brazil.
The new MCMV revised financing conditions and expanded the possibilities for granting loans , as well as adjusting interest rates to reduce defaults . When it established credit ranges and increased the grant amounts , the program was able to contract 500,000 units and deliver around 21,000 homes , which expanded the number of loans and, of course, proposals for new projects aimed at the government housing system .
This movement was important to boost the real estate market in 2023, bringing more government investment and influencing the projection of new developments . It also contributed to the closing of partnerships between the government and construction and development companies in the sector.
How is the real estate market after the end of 2023?
What the real estate market is like: a miniature house on the left of the image. On the right are stacks of coins, a tape measure, a key and a floor plan.
From January to July alone , the real estate market showed a 14.4% growth in property sales compared to 2022. The largest segment was affordable housing , which saw an 18.3% increase and obtained, with transactions made within it, R$11.9 billion .