Expectations of rising property prices decrease in the 2nd quarter of 2022, says survey

The expectation of a rise in real estate prices fell in the second quarter of 2022. According to a survey released this Thursday (11), by the Economic Research Institute Foundation (Fipe), in relation to the expectation of prices for the next 12 months , 37% of respondents project a nominal increase in the value of properties in the 2nd quarter of 2022. In the same time horizon, the percentage was 43% in 2021.

In the same perspective of the next 12 months, the study points out that the participation of respondents who share an expectation of maintaining current prices fluctuated from 30% to 25%, in contrast to the growth of the group that bets on the fall in real estate prices. , which went from 9% to 13% of the sample.

current prices

The sample also deals with the interviewees’ perception of current real estate prices. The share of respondents who classified property values ​​as “high or very high” climbed from 68% in the 2nd quarter of 2021 to 76% of the sample of the 2nd quarter of 2022, thus consolidating itself as the highest percentage for this quarter since 2015 ( period in which this perception was shared by 78% of the respondents in the sample).

The percentage of respondents who saw current property prices as “reasonable” dropped from 23% to 17% in the same time horizon. Finally, according to Fipe, the perception that current prices were at “low or very low” levels declined from 5% of the sample to just 2% of respondents in the last quarter.

purchase intention

The intention on the part of the respondents to acquire properties registered a small variation.

The proportion of respondents who declared their intention to acquire properties in the next three months fluctuated from 41% in the 1st quarter of 2022 to 42% in the 2nd quarter of 2022, further distancing itself from the level observed at the end of 2020 (48% ).

The survey identified that, among those who declared an intention to purchase a property in the near future, most respondents declared a preference for used properties (46%) or were indifferent between new and used properties (45%).

In terms of purpose, most potential buyers expressed their intention to use the property for “housing” (88%), largely surpassing the purpose of “investment” (12%).

acquisitions

The share of buyers – those who declared having acquired a property in the last 12 months – declined marginally between the 1st quarter of 2022 (13%) and the 2nd quarter of 2022 (12%), moving away by two percentage points from the level registered in the 2nd quarter of 2021 (14%), points out the survey.

Regarding the type of property purchased, a growing share of buyers declared a preference for used properties (75%), while, among the declared objectives, the use of the property as a “housing” fluctuated positively (from 53% to 55% of the buyers) in contrast to the “investment” motive (from 47% to 45%).

According to the survey, considering those who purchased the property for “housing”, the option “live with someone” was prevalent (71%); while, among investors, the rental of the property for income generation stood out (81%).

Source: CNN Brasil

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