Clipping of news on Brazilian Culture, Law and Citizenship
01/28/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Analysis is the researcher Eduardo Zylbertajn, coordinator of the index FipeZap, in 2012, the value per square meter increased by 13.7%, almost half the pace of 2011 high
SAO PAULO - Property prices should keep the trend and rise less in 2013, says researcher Eduardo Zylbertajn, coordinator FipeZap index, which measures the value of a square meter in six state capitals and the Federal District. During the past year the average square meter advanced 13.7%, almost half the pace high in 2011. "All this price explosion we saw in recent years tends to calm down," said Zylberstajn.
The researcher points out that the most favorable conditions of housing loans, as lower interest rates and longer maturities, helped raise the demand for housing and push up prices. From 2008 to 2012 the sport grew 339.5% and now amounts to R $ 277 billion, or 25% of all loans within the portfolio of individuals.
In relation to Gross Domestic Product (GDP) of the country, however, the housing finance still represents a small slice. The modality closed last year with the equivalent of 6.3% of GDP, a percentage much lower than other countries. But the trend is that spending on housing occupy a growing space in the family budget, evaluates Zylbertajn. "Brazil is becoming a country like others who have this reality (of the housing costs have a significant weight in the budget)," he says.
The possibility of the housing market in the country is going through a bubble is not ruled by Zylbertajn, but he believes the scenario should be discussed calmly. "It is possible that we are living in a bubble? Possible is. But the characteristic of a bubble is that nobody can predict until it bursts. Increasing price alone does not mean that there is a bubble," he says.
Source: ESP - SP
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This article was translated by an automatic translation system, and was therefore not reviewed by people.