2023-12-26 20:23:29
According to data released by Civil Construction Industry Union of the State of São Paulo (SindusCon-SP)the construction sector is forecast to show growth of 1.2% in 2023, with a more optimistic expectation of 2.9% in 2024. These estimates were shared during a virtual press conference held on December 6 and article published on the subject on the SindusCon-SP website.
According to revealed by SindusCon-SP, the Brazilian Institute of Geography and Statistics (IBGE) recently revised the figures for the Gross Domestic Product (GDP) of civil construction, indicating growth of 12.62% in 2021 and 6.85% in 2022. The sector’s performance in 2023 , according to published content, fell short of expectations, with growth of 1.2%, impacted by the downturn in the self-construction and small construction market. Still regarding the content disclosed, the formal market, led by construction companies and developers, managed to compensate for this lower performance. The increase in formal employment in construction was also highlighted, reflecting heated demand and the shortage of qualified labor.
Yorki Estefan, president of SindusCon-SP spoke regarding the challenging scenario with the increase in interest rates, pointing out that the real estate market showed resilience. “For 2024, the sector expects a significant reduction in interest rates combined with less volatility in material costs and support for government housing programs, such as MCMV, PAC, Casa Paulista and Pode Entrar”.
The publication shows information for 2024, pointing out that the outlook is for a more positive result, driven by the continuous fall in interest rates and a new real estate cycle led by the Minha Casa Minha Vida program. Additional investments in infrastructure are also expected.
In continuation of the statements made by Yorki Estefan, president of SindusCon-SP, he also talks regarding a growth of 1.2% projected for 2023, which is a vigorous drop compared to previous years, partially derived from the restrictive interest rate, affecting the economy as a whole and investments in construction. “For 2024, we expect reductions in basic interest rates and real estate financing rates, enabling increased investments in the construction sector.”
José Antônio Valente, director of the tool rental franchise Franquias Trans Obra commented on the publication saying that given the projections released by SindusCon-SP and the expectations for the civil construction sector, observing a challenging scenario, marked by moderate growth in 2023, reflecting the retraction in the self-construction and small works market .
Still asked regarding the subject, José Antônio said that it is clear that the formal market, led by construction companies and developers, has played a crucial role in mitigating these challenges. “The new real estate cycle led by the Minha Casa Minha Vida program and additional investments in infrastructure are elements that might contribute to a more optimistic scenario next year. It is worth noting that the shortage of qualified labor continues to be a significant challenge.”
When the subject is regarding investments, the president of SindusCon-SP highlights, in the publication, the concern regarding the possible end of the payroll tax exemption, warning that this might result in an increase in costs passed on to real estate units, affecting the demand. He emphasized that, despite the decrease in launches, the attractive prices of properties in stock are creating a favorable moment for acquisition. “For 2024, we expect reductions in basic interest rates and real estate financing rates, enabling increased investments in the construction sector.”
1703652240
#Data #points #growth #civil #construction
