The recent announcement by Finance Minister Jorge Quiroz regarding the modernization of the real estate market has been met with cautious optimism by experts. The proposal aims to adjust density criteria and improve construction efficiency to better suit smaller households.
Mariana Samarotto, Master Business Partner at Capital Inteligente, describes the signals as necessary and well-directed. However, she warns that the actual impact will be limited in the short term.
A market that demands certainty
The core issue lies in the nature of these measures. Most of the changes are geared toward future projects, leaving out the current real estate stock, where the greatest market pressure is concentrated.
Samarotto maintains that critical questions persist regarding the implementation of VAT in the sector. This uncertainty continues to affect buying and investment decisions today.
The expert emphasizes that good intentions are not enough to move the needle. According to Samarotto, the sector demands clear certainties and a defined roadmap for immediate implementation.
The real estate market does not react solely to prices or interest rates, but also to confidence. If the government does not clear up doubts regarding the tax burden, the announcement risks remaining nothing more than a statement of principles with no practical effect on economic recovery.
