Residential Real Estate Market in Brazil Market Size

Statistics for the 2023 & 2024 Residential Real Estate Market in Brazil market size, created by Mordor Intelligence™ Industry Reports. Residential Real Estate Market in Brazil size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Residential Real Estate Industry in Brazil

Brazil Residential Real Estate Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 59.61 Billion
Market Size (2029) USD 77.54 Billion
CAGR (2024 - 2029) 5.40 %
Market Concentration Low

Major Players

Brazil Residential Real Estate Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Brazilian Residential Real Estate Market Analysis

The Residential Real Estate Market in Brazil Market size in terms of transaction value is expected to grow from USD 59.61 billion in 2024 to USD 77.54 billion by 2029, at a CAGR of 5.40% during the forecast period (2024-2029).

  • The COVID-19 pandemic slowed the recovery of Brazil's property market, with real house prices in Sao Paulo decreasing 5.51% until Q3 2021, following a 0.21% increase the previous year. After the recessionary period in 2020 caused by the COVID-19 outbreak, the real estate market in Brazil significantly improved, overcoming the economic downturn, notably in the residential sector.
  • In the first four months of 2021, about 13,012 homes were sold, compared to 8,738 in the same period in 2020, according to Rio de Janeiro's Housing Union. The Brazilian Association of Financial and Capital Market Entities says that real estate funds in the Latin American country made $5,4 million in the first half of 2021. The figure represents a growth of 44.3% over the funds raised in the same period in 2020
  • In October 2021, the Sao Paulo State Housing Union said that 5,555 new homes were sold in the city of Sao Paulo. This was almost the same number as the previous year. Brazilian President Jair Bolsonaro got a lot of criticism for how he handled the COVID-19 pandemic. He refused to back steps that would have stopped the virus from spreading. The central bank of Brazil announced that the interest rate would go up by 75 basis points, to 4.25 percent, for the third time in 2021. They also said that they expected a similar rise in August 2021. The country's economy expanded 1% year-on-year in the first quarter of 2021, beating market estimates of 0.8% growth.

Brazil Residential Real Estate Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)