The Housing Indicators of the City of Rio de Janeiro, released this Thursday (16) by the Brazilian Association of Real Estate Administrators (Abadi) and by the Housing Union (Secovi Rio), point to the heating of locations in the central region of the city of Rio de Janeiro. Rio de Janeiro. “The center of Rio has been experiencing an increase in demand and this is already a reflection that the Reviver Centro movement [da prefeitura carioca] brings”, said president of Abadi, Rafael Thomé. Rio de Janeiro is the second largest real estate market in the country, after São Paulo. Rafael Thomé informed that large residential developments are being launched in the center, which “already changes people’s profile”, and will bring the reactivation of commerce. “It’s a kind of life that the center doesn’t have today”, said Thomé. The assessment is that, in the space of five years, the center of Rio de Janeiro may undergo a transformation, attracting investors who are always on the lookout for good deals. The search for larger apartments by families, observed in the post-pandemic period, is maintained and has become a habit of the carioca. “All this has brought a greater movement to the city of Rio and the state, which only have to gain from this warming”. In terms of purchase, the trend observed in the south zone, mainly, is for smaller apartments, of the studio type, and for summer, on the part of those from other states and even from outside the country, aiming at short-term rentals. The president of Secovi Rio, Pedro Wähmann, assesses that the international banking crisis that is happening at the moment will attract investors in search of assets that do not “turn to dust”. With the drop in the unemployment rate and the Brazilian economic scenario being well managed, Wähmann believes that this will lead to a drop in interest rates, bringing back investments to the real estate market in Rio de Janeiro. “Downtown Rio is ready. It has everything,” said Wähmann. According to the president of Secovi, commercial properties are becoming residential. “It’s an irreversible trend.” For those moving to the center, according to him, there are numerous advantages such as proximity to work, lower financing conditions and access to culture. Research The research released by Abadi and Secovi Rio computed data from ten property managers, analyzing, on average, 8,785 rental properties and 5,268 condominiums, totaling 254,127 units in Rio de Janeiro. The objective was to demonstrate an analysis of the market in the city of Rio de Janeiro during the last year. The data were sent to an external audit and the numbers forwarded to the Research and Information Analysis Center of Secovi Rio (Cepai) to analyze the indicators and prepare the final study. In terms of managed condominiums, the survey reveals that the percentage of residential and commercial condominiums remained practically the same. In January 2022, they were 83.6% and 5.8%, respectively, and, in January 2023, they reached 85.4% and 5.7%, respectively. Mixed condominiums fell from 10.6% to 8.9%, in the same comparison. Regarding the number of employees, residential condominiums maintained a range of close to four employees in the 12-month period, while in commercial condominiums the number dropped from 7.1 to 6.5 employees. The percentage spending on residential condominiums revealed a drop in personnel expenses, which fell from 47.3% in January 2022 to 39.1% in January of this year. The biggest increase in expenses observed in the period occurred in water, which rose from 18.5% to 25%. The delay recorded in the condominium fee, which corresponds to an open account, was practically the same for residential condominiums, 10.2%, and commercial condominiums, 10.1%. By size, the delay in the condominium fee was higher in smaller condominiums (12.1%), where default is more noticeable than in large condominiums (9.3%). By neighborhood, the delay in the residential condominium rate was greater in Méier (11.2%), followed by Copacabana (11.1%) and downtown (11%). The smallest delays were registered in São Conrado (6.4%) and Flamengo (5.7%). In commercial condominiums, the highest default rate was found in Madureira (18%) and Tijuca (16.2%), while Vila Isabel and Jardim Botânico had the lowest late payment rates (6.5% and 6.3%, respectively). . Indebtedness The president of Abadi said that the indebtedness of Brazilians, which broke a record last year, as well as unemployment, influenced the default in condominiums. According to the Consumer Indebtedness and Default Survey, by the National Confederation of Commerce in Goods, Services and Tourism (CNC), 77.9% of Brazilian families declared themselves indebted in 2022. Of the total of 14,988 condominium lawsuits filed in 2022 , condominium expenses represented 13,353 actions, or corresponding to 89% of the total. The data are from the Court of Justice of the State of Rio de Janeiro (TJRJ). With regard to delays in renting properties by neighborhood, Méier was also the leader in residential properties, with a rate of 23.2%, against 2% in Barra da Tijuca. In commercial properties, São Cristóvão has the highest rent delay (27.3%), while the neighborhoods of Flamengo and Recreio dos Bandeirantes show the lowest delays (4.3% and 4.2%, respectively), in the period 12 months. Tenancy actions reached a total of 3,991 last year, with eviction due to non-payment being the main reason, with 67.4%.
Agência Brasil
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