The Brazilian real estate market has undergone a revolution over the past decade. Among the major factors that turned a segment that soured almost 20 years of stagnation after the advent of the end of the BNH (National Housing Bank) in 1986, are controlling of the inflation and the maintaining of exchange rates within the goals of the Central Bank (5.9% in 2010 and 5.2% in 2011 – IPCA), the strengthening of the currency, the balance of public accounts, the low tax risk; creating regulatory frameworks that allowed the resumption of the banks and mortgage brought greater security to financiers, entrepreneurs and buyers. Also, there was an increase in formal employment, income levels, falling interest rates and launch, more recently, the “Minha Casa, Minha Vida”, geared toward families with lowest incomes.
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