Brazil Real Estate Materials Sector Remains Broadly Optimistic
A survey of companies undertaken by the Brazilian Association of Construction Materials (Abramat) showed that the number that plan to invest in the next 12 months has decreased by 71 percent in October compared to 77 percent in September.
The results also showed that 77 percent of companies expect improvements in November and for the remainder of the year which, according to president of Abramat Walter Cover, usually sees a higher amount of sales. For 67 percent of interviewees, September was a ‘good’ or ‘very good’ month for sales – just 2 percent of companies said they had ‘bad’ or ‘very bad’ experiences.
In September, 54 percent of companies surveyed had good expectations related government actions in the Brazilian property sector over the next 12 months which fell to 38 percent in October.
