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Reduction in interest rates on housing finance should accelerate property sales in Brasília in 2019 The change could further accelerate demand for real estate, which is already strong and has excellent prospects for 2019. Caixa Econômica Federal announced this Wednesday (5) a reduction in interest rates for financing for the purchase of real estate. The bank also announced new possibilities for renegotiating overdue loans. According to the announcement, published on the G1 news portal, for loans granted through the Housing Finance System, the rate went from TR+8.75% to TR+8.5%, that is, a drop of 0.25 percentage points. The rates are valid for loans signed as of the 10th, Caixa reported. Through the system, which finances properties of up to R$ 1.5 million, the person can use the balance of the Severance Pay Guarantee Fund (FGTS). For the Real Estate Finance System, used to finance properties above R$ 1.5 million, the rate will fall even further: from TR+9.75% to TR+8.5%, a reduction of 1.25 percentage points. “We are equalizing the funding for the middle class or those with higher purchasing power. We have the same rate from the lowest income class onwards. This will be in effect from June 10th,” explained Caixa CEO Pedro Guimarães.
Real estate sales grow 10% in the first quarter of 2019, with high expectations for the 2nd half of the year
Despite the start of the year with growth in the Brazilian economy below expectations, the real estate market increased launches and managed to sell almost 10% more residential properties in the first three months of the year, compared to the same period in 2018, according to the Brazilian Chamber of the Construction Industry (CBIC), in a report published by the news portal Estadão (https://economia.estadao.com.br/noticias/geral,apesar-de-economia-estagnada-venda-de-imoveis-cresce-10-no-1-trimestre,70002847471). From January to March, 14.7 thousand residential units were launched, according to CBIC, an increase of 4.2% compared to the first quarter of 2018. In this period, 28.7 thousand properties were sold, compared to 26.1 thousand in the first three months of the previous year, an increase of 9.7%. José Carlos Martins, president of Cbic, says that the increase in sales, of 9.7% in this period, is mainly due to a demand for properties that has been suppressed for about five years. In addition to the traditional demand for new properties that always occurs with the birth of children, the decision of a young person to leave their parents' house or a couple who decides to get married.
Real Estate Market in DF celebrates a new cycle of growth in the real estate sector with great optimism and new launches
Riding the wave of recovery experienced by the sector since the beginning of the year, the real estate market in the Federal District continues to grow, driven by the accelerated demand for new properties, the drop in interest rates on real estate financing and the prospect of approval of the pension reform, a top priority for the economic team to unlock the Brazilian economy, which is entering the final stretch for approval, which should inaugurate a new cycle of economic growth in the country, especially in the construction sector, one of the most important pillars of its economy. Dozens of launches have already taken place since the beginning of the year, both in satellite cities such as Águas Claras and Taguatinga, and in the city's most upscale sectors such as Sudoeste, Asa Norte and, mainly, in the Northwest Sector, the most desired and valued neighborhood in Brasília, not only for its privileged location, but for being the first ecological neighborhood in the country, where the city’s most innovative and sophisticated developments are located.
Emplavi celebrates 40 years in the Brasília real estate market, inaugurating a new cycle of launches in the Northwest sector
One of the construction companies most present in the neighborhood since its implementation in 2009 is Emplavi, the largest construction company in Brasília, which since the beginning of 2019 has already launched 03 new projects: Cherry Orchards , 02 bedrooms, 01 of which is a suite, in block SQNW 103, the Camellia Park , 03 suites in block SQNW 102 and the absolute Acacia Park, 04 premium suites located on the same block. There are 03 new high-standard developments that make Emplavi the largest and most diverse real estate offering in Brasília.
For more information, visit www.emplavi.com.br and schedule a visit to our Emplavi Noroeste Sales and Decorated Center, with our authorized consultants, through hotline WhatsApp (61) 3345-9400.
Also visit our blog and learn more about the real estate market:
***Northwest Sector: The best neighborhood to invest, live and live in Brasília
