Real estate financing fell 6% in one year, to R$ 112.8 billion in the first half of this year, according to data from the Brazilian Association of Real Estate Credit and Savings Entities (Abecip).
The drop was driven by financing via savings, which fell 11.7%. In financing via the Severance Indemnity Fund (FGTS), there was an increase of 17%, to R$ 27.1 billion.
“We are having the second best first semester in the history of the sector”, said the president of Abecip, José Ramos Rocha Neto, in a press conference to comment on the results of real estate financing in the first six months of this year.
The number of financed units dropped 13% to 542,000. Rocha Neto pointed out, however, that the financing may once again exceed 1 million units this year.
Abecip projects that 2022 will be the second best year in the history of the sector – 2021 was the best, so far.
There was an 18% drop in financing for the acquisition of real estate, to R$ 65.5 billion. Abecip points out, however, that the acquisition of new properties rose 5%, to R$ 26 billion. “The greater acquisition of new property is important, it provides feedback to construction companies”, said Rocha Neto.
SBPE
Real estate financing with savings resources, the so-called SBPE, fell by 11.7% in the first half of this year compared to the same period last year, to R$85.66 billion, according to Abecip.
In the month of June, financing totaled R$ 16 billion, a drop of 18.6% in the period of one year, and of 6% in relation to May of this year. Even so, it was the second best month of June in the SBPE’s historical series, according to the entity.
projections
Abecip estimates that real estate financing will drop 4% this year, to R$ 244 billion. Even so, the year should be the second best in the history of the sector, with the help of the growth of financing with FGTS resources.
The association expects these disbursements, which are smaller in the sector’s pie, to rise 31%. The government recently changed the financing ranges of programs that use the FGTS as a source of funds, to face the sector’s cost and price inflation. Financing with savings resources should fall by 12%.
“We will not be able to reach the volume of 2021, but the year 2022 will be robust”, said Rocha Neto.
The executive also said that the sector has benefited from more consolidated legal certainty in areas such as cancellations. “We cannot make legal decisions weaken legal certainty,” he said.
Source: CNN Brasil
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