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Brazil’s Real Estate Sales Rise 9.4 Percent in 2017

By Beatriz Miranda, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Despite nationwide declines for consecutive months in 2017, Brazil's real estate sales experienced an upward trajectory last year. According to data released by the Brazilian Chamber of the Construction Industry and SENAI, the sales increased 9.4 percent from 2016 to 2017.

As reported by the two institutions, 94,221 properties were sold in 2017, compared to 86,140 units in the previous year. Taking into account 23 Brazilian states, the survey also registered the rise of 5.2 percent in the number of properties released in the market. With . . .

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