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Homeowners should start cutting prices for the 1st time since 2008

Property prices in 20 Brazilian cities must present the first nominal decline since 2008, says the Fipe Zap index, released by the Institute for Economic Rese loan credit insurance arch and the portal for buying and selling real estate Zap.

The numbers come from research projection to June 2016, when the index should further feel the effects that contribute to the low of the indicator, as the fall of the real estate credit growth, the acceleration of new homes offered volume, the pay loan credit insurance rolls and falling real interest rates high.

Based on current data, the FipeZap index suggests there may occur a cut of approximately 4.8% in June next year.




The survey never went into nega loan credit insurance tive territory, argues the study, due to owners of resistance in reducing their preços.Ou is, on average, prices continue to rise, but less intensely. Now, the economic crisis and the recession have forced owners to accept less cash in the real estate.

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