The Brazilian real estate market has experienced rollercoaster effects in the last decade. It increased sensibly after accommodating the impacts of the global financial crisis of 2008, with an annual average growth of 20% from 2008 to 2011, and an impressive 121% accumulated growth from 2008 to 2013. In this period, loans in connection with real estate deals broke record after record, and in 2013 culminated in astonishing BRL 109,2 billion over 500 thousand transactions.
Between 2013 and 2015, the real estate market reduced its growth pace, anticipating the economic crisis that would come in 2015. As cost of credit for real property acquisition increased, transactions dimmed from 2015 to the first half of 2019. Recently, the second semester of 2019 and the first two months of 2020 indicated the real estate market started to grow again (for example, transactions in February 2020 were 25% superior to February 2019), but, as of March 2020, the COVID-19 pandemic and the subsequent social-distancing restrictions (closed stores and restricted visitations) pushed the market downwards once more, impacting both new developments and used properties.
On the other hand, the Brazilian Real (BRL) is overly devalued as of March 2020. In April 2020, new legislation arose regarding acquisition of real estate by non-Brazilians. This scenario makes real property in Brazil quite attractive for foreign buyers (whether for use or for investment). Brazil has a huge demand for residential properties, resort hotels, and business facilities. Recovery of Brazilian real estate market is a matter of time only. Storming out the current COVID-19 crisis is likely to bring long-term advantages to investors.
 The Brazilian real estate market is very depended on the financial system, as most transactions (involving either new or used properties, for either residential or business purposes) a bank or a financial institution to finance a portion of the price, in a contractual arrangement called alienação fiduciária em garantia, whereby, similarly to a mortgage, the acquired real estate is offered as collateral for payment of the loan.