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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 construction sector exhibited notable resilience and growth in the second quarter of 2024, with its gross value added (GVA) increasing by 4.4% y/y in real terms, outpacing the country's overall GDP growth, which rose by 3.3% y/y during ...
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The real state sector plays a sizable role in the Brazilian economy, accounting for about 7.7% of the country's GDP in 2023, although this figure was quite below the 8.4% share registered in 2018. From 2018 to 2023, the real state sector's real GVA ...
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The construction and real estate sectors in Brazil present a mixed landscape in the first quarter of 2024, characterised by both positive indicators and persistent challenges. In April 2024, the Brazilian Chamber of the Construction Industry (CBIC) ...
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