Worsening environment for real estate business

Composed of perceptions as credit, macro economy, demand, confidence and investment attractiveness, the indicator that measures the business environment for construction closed the second quarter falling. On a scale from 0 to 10, the industry average was 4.3. Data were released yesterday (28) by Abrainc Radar-Fipe, research done by the Brazilian Association of real estate Developers (Abrainc) in partnership with Fundação Instituto de Pesquisas Economics (Fipe). According to the indicator, at the end of June, the conditions for investment and return on construction were worse than in March. At the end of the first quarter the indicator was still below the zone of indifference (5 points) getting in 4.5. The main reason for the discomfort of the entrepreneur in the second quarter was the attractiveness of real estate Investment, which fell 2.1 points between the end of the first to the end of the second quarter. In March, the indicator was at 8 points, one of the best evaluated in a list of 16 points. Three months later, however, the indicator fell to 5.9. Another issue that has taken the sleep of entrepreneurs is compromised of the income. In this regard, the Wage indicator (demand) to 0, in a totally unfavourable perception. On the other hand, in March the Attractiveness of real estate Financing – which concerns the credit offer – was in 0 point. In June, the indicator reached 1, which reflects the falls recorded in public and private banks in interest for purchase of residential property. "Weighed in the behavior of the general average of the Radar the setbacks seen in indicators of the macroeconomic environment and demand, influenced, in some measure, by nature cyclical events [such as the Teamsters ' walkout], which affected the economic activity and confidence of staff in the period ", detailed the Abrainc report. The entity economists point out that the result of the last quarter, although still reflect the uncertainties of the economy and politics, begins to show signs of recovery, since the numbers are better than last year. "In a broader horizon, it is possible to highlight signs of recovery in almost all dimensions monitored", completes the analysis. In the second quarter were released in the country housing units 25,681, a 41.5% increase on a year earlier. The new real estate sales reported by associated, for your time totaled 29,003 units in the second quarter (increase of 7.7% in comparison with the same period of 2017). The emphasis in sales between April and June took place between the properties of the My House my life, where sales jumped 41.3%.