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Real estate and construction
The Real Estate & Construction sector is one of the pillars of the global economy, responsible for meeting the increasing needs of the population for affordable housing and for efficient social, transportation and utility infrastructure. As a labour-intensive industry, it is a major contributor to employment, income generation and social progress. Real Estate & Construction is also an essential element for economic value creation and sustainable growth, as it lays the foundations for the development of virtually all other industries.
Activities associated with Real Estate & Construction are the construction of residential and non-residential buildings, heavy and civil engineering construction, and the related speciality trade contracting activities. It also includes management and leasing of land and properties, real estate brokerage, architectural and engineering services, warehousing and storage activities, and operation of car parks and garages.
The Brazilian Chamber of Construction Industry (CBIC) outlined that the sector should register a 2% y/y increase in its GVA in real terms for the entire 2023. In December 2022, the institution had forecast a growth of 2.5% for construction in 2023. ...
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The real estate (property) and construction industry in Brazil has faced challenges in recent years, primarily due to the impact of Operation Car-Wash, an anti-corruption initiative that directly affected the industry. However, there have been signs ...
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