Analysis: Pandemic reignites residential unbuilt lot market in Brazil

The dream of moving to the countryside or owning a "getaway" outside the capital city fuels a 10% growth prospect for the sector.

RIO DE JANEIRO, BRAZIL - After shrinking last year amid the impact of the pandemic on economic activity, the residential unbuilt land market is expected to grow again this year boosted by the population's changing habits.

The dream of moving to the countryside or at least owning a "getaway" outside the capital is driving a 10% growth prospect for the sector, according to Caio Portugal, president of Aelo, an association of urban allotment and development companies.

The upturn comes after challenging times - last year, sales dropped 4% -, which made the sector slow down launches. On the other hand, the combination . . .

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