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Residential Real Estate - Brazil

Brazil
  • The Residential Real Estate market market in Brazil is expected to reach a value of US$7.15tn in 2025.
  • It is projected to exhibit an annual growth rate (CAGR 2025-2029) of 1.21%, leading to a market volume of US$7.50tn by 2029.
  • When compared globally, China is anticipated to generate the highest Real Estate value, amounting to US$115.4tn in 2025.
  • The demand for luxury apartments in Brazil is on the rise, driven by increased foreign investment in the country's residential real estate market.

Definition:

The residential real estate market covers the leases and transactions of residential properties. Residential real estate leases refer to the market where landlords and tenants enter into agreements for the rental of residential properties, such as apartments, houses, and condominiums, while residential real can be defined as buying, selling, or transfer of ownership of residential properties.

Structure:

The residential real estate market covers real estate transactions and leases, and the section, residential real estate leases, is divided into apartment and house leases.

Additional information:

The market contains the following KPIs: real estate value aggregated for all countries and regions, average real estate value, real estate transaction revenue, number of real estate sold, number of leased and owned real estate, average room per resident, and dwelling type shares. The dwelling type shares comprise the share of the population that lives in houses and apartments. These shares are displayed for real estate owners and for real estate renters as well.
In-Scope
  • Residential real estate transactions
  • Residential real estate leases
Out-Of-Scope
  • Real estate agencies
  • Construction companies
  • Accommodation services, such as Airbnb
  • Commercial real estate leases and transactions
  • Publicly owned buildings used by the local government
  • Buildings used for public health care services
Real Estate
Real Estate
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Residential Real Estate: market data & analysis - Cover

Market Insights report

Residential Real Estate: market data & analysis
CONTENTBOX_CAPTION_STUDY_DETAILS
    methodology
    DOWNLOAD_PDF_TEXTXMI_FAQ_AND_ADDITIONAL_INFO

    Value

    NOTES: Data was converted from local currencies using average exchange rates of the respective year.

    MOST_RECENT_UPDATE: Jul 2024

    SOURCE: Statista Market Insights

    NOTES: Data was converted from local currencies using average exchange rates of the respective year.

    MOST_RECENT_UPDATE: Jul 2024

    SOURCE: Statista Market Insights

    NOTES: Data was converted from local currencies using average exchange rates of the respective year.

    MOST_RECENT_UPDATE: Jul 2024

    SOURCE: Statista Market Insights

    Volume

    MOST_RECENT_UPDATE: Jul 2024

    SOURCE: Statista Market Insights

    MOST_RECENT_UPDATE: Jul 2024

    SOURCE: Statista Market Insights

    Analyst Opinion

    The Residential Real Estate market in Brazil has been experiencing significant developments and trends in recent years. Customer preferences in the Brazilian market have shifted towards modern and well-designed properties. Buyers are increasingly seeking properties with amenities such as swimming pools, gymnasiums, and green spaces. This reflects a growing desire for a higher quality of life and a focus on health and wellness. Additionally, there is a rising demand for properties located in well-connected areas, close to transportation hubs and major employment centers. Trends in the market indicate a shift towards smaller, more affordable housing options. This can be attributed to changing demographics, with an increasing number of young professionals and small families entering the housing market. These buyers are often looking for properties that are more affordable and require less maintenance. As a result, developers are focusing on building compact and functional apartments and townhouses to cater to this demand. Local special circumstances in Brazil have also influenced the development of the Residential Real Estate market. One key factor is the country's rapid urbanization, with a significant portion of the population moving from rural areas to cities. This has created a need for more housing options, particularly in urban centers. Additionally, Brazil's growing middle class has contributed to the demand for residential properties, as more individuals have the financial means to invest in real estate. Underlying macroeconomic factors have played a role in shaping the Residential Real Estate market in Brazil. Low interest rates have made it more affordable for individuals to take out mortgages and finance their home purchases. This has stimulated demand in the market and encouraged more people to enter the real estate market. Additionally, economic stability and a decrease in unemployment rates have boosted consumer confidence and increased the willingness to invest in real estate. In conclusion, the Residential Real Estate market in Brazil is developing in response to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The shift towards modern and well-designed properties, the demand for smaller and more affordable housing options, and the rapid urbanization and growing middle class in Brazil are key drivers of this development. Additionally, low interest rates and economic stability have played a role in stimulating demand in the market.

    Transaction Value

    NOTES: Data was converted from local currencies using average exchange rates of the respective year.

    MOST_RECENT_UPDATE: Jul 2024

    SOURCE: Statista Market Insights

    Revenue

    NOTES: Data was converted from local currencies using average exchange rates of the respective year.

    MOST_RECENT_UPDATE: Jul 2024

    SOURCE: Statista Market Insights

    Household Type

    MOST_RECENT_UPDATE: Jul 2024

    SOURCE: Statista Market Insights

    Real Estate Type

    MOST_RECENT_UPDATE: Jul 2024

    SOURCE: Statista Market Insights

    Community Size Split

    MOST_RECENT_UPDATE: Mar 2024

    SOURCES: Statista Market Insights, Statista Consumer Insights Global

    Living Space

    MOST_RECENT_UPDATE: Jul 2024

    SOURCE: Statista Market Insights

    Methodology

    Data coverage:

    Figures are based on total and average value of residential real estate, residential estate transactions and leases.

    Modeling approach:

    Market size is determined by a combined top-down and bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.

    Forecasts:

    We use a variety of forecasting techniques, depending on the behavior of the market, for instance, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.

    Additional Notes:

    Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.

    Finance

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    Residential Real Estate: market data & analysis - BackgroundResidential Real Estate: market data & analysis - Cover

    Key Market Indicators

    NOTES: Based on data from IMF, World Bank, UN and Eurostat

    MOST_RECENT_UPDATE: Jan 2025

    SOURCE: Statista Market Insights

    OUTLOOK_EXPLORE_RELATED_TOPICS

    Global housing market - statistics & facts

    The global housing market landscape has undergone dramatic challenges in recent years, including declining transactions, slowing price growth, and worsening affordability. In most OECD countries, the gap between household incomes and property values has widened notably over the last decade, while soaring mortgage rates have curbed mortgage borrowing. Established housing markets such as Hong Kong, Germany, France, and the United Kingdom saw house prices decline in the first quarter of 2024. On the other hand, Turkey, Russia, and the United Arab Emirates recorded double-digit growth.
    OUTLOOK_MORE_DATA_ON_TOPIC
    Country with the largest value of residential real estate transactions
    U.S.
    Share of ultra high net worth individuals (UHNWIs) who bought a new home
    17%
    City with the highest risk of a property bubble
    Miami

    OUTLOOK_EXPLORE_RELATED_TOPICS

    Residential real estate in Europe - statistics & facts

    Soaring inflation and aggressive mortgage interest rate hikes cooled the European housing market after a nearly decade-long period of growth. Since 2015, house prices in the European Union have grown by about 50 percent. When inflation in Europe started to rise at an alarming rate in 2021, the European Central Bank increased interest rates, resulting in substantially higher mortgage interest rates and a decline in homebuying. But how important is homeownership for Europeans?
    OUTLOOK_MORE_DATA_ON_TOPIC
    Homeownership rate in Europe
    69%
    Country with the most housing completions per 1,000 citizens
    Ireland
    Average transaction price of new housing in Austria
    4.92k EUR per sq m

    OUTLOOK_EXPLORE_RELATED_TOPICS

    Residential real estate in India - statistics and facts

    Generally considered the third key pillar of the food, clothing, and shelter trinity popularized in India over generations, owning a home is still prioritized as a measure of financial security by a vast majority of the Indian population. The COVID-19 pandemic with its successive lockdowns and restrictions to stay within the confines of one’s home, further reinforced this vision. India’s growing urban population, rising household incomes, and decade-long low-interest rates have been propelling the demand for residential units, driving up the sales volume. Even though the residential real estate sector was severely hit in 2020, it marked a strong recovery in consecutive years, crossing pre-COVID sales figures.
    OUTLOOK_MORE_DATA_ON_TOPIC
    Estimated market size of Indian real estate industry for 2030
    1tr USD
    Most affordable metropolitan city
    Ahmedabad
    Leading housing finance company by market capitalization
    HUDCO

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