Contrary to the expectations shared at the end of 2025, the development sector no longer conveys the same optimism regarding the fall in interest rates in Brazil. This was the general feeling of statements given by incorporation executives during the ABRAINC 2026 Summit, which took place this Thursday, June 25, in São Paulo.
Right at the opening of the event, the CEO of the Brazilian Association of Real Estate Developers (ABRAINC) made an appeal for a reduction in interest rates which, in his opinion, .
In the last Monetary Policy Committee (Copom), the Central Bank decided to make the third cut in the basic interest rate, by 0.25 percentage points (pp), to 14.25% per year – according to experts who see a deterioration in the country’s inflation, admitted by the BC itself in .
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“The expectation of a drop that was talked about at the end of the year has changed. Today we are talking about an increase in interest rates”, said Ricardo Gontijo, CEO of Direcional, during a panel at the event, highlighting that interest rates impact the production of the real estate sector and, to a greater extent, the customer cycle, who need to take out long-term financing to make their dream of owning their own home viable.
For Direcional’s CEO, current interest rates will even come up against the demand for high-income properties in the next two years. “The high-income market will suffer, except for the compact ones. Sales of compact apartments are flying, but there is a limit. Nobody takes money from the bank with this remuneration of almost 15%”, he assessed.
Outside of Minha Casa, Minha Vida, whose interest rates are subsidized – ranging between 4% and 8% per year – interest on real estate financing in the first half of 2026 was between 12% and 14%, depending on the bank and the customer’s credit profile.
“For many years we were happy and didn’t know it. We had savings full of resources and that was undermining us. People began to understand the financial market better. Alternatives came [de funding] interesting ones, like LGI, LCI. They became stronger. Last year the government helped, released more savings resources for the sector, but this is finite (…) The financial market has evolved too much. I’m sure that when we have a reasonable interest rate, this [financiamento do setor] it will fly even more”, said Alex Veiga, CEO of Grupo Patrimar.
