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AoCubo posts 95% growth in new apartment sales in São Paulo despite Brazil’s SELIC rate hike

RIO DE JANEIRO, BRAZIL - The real estate market is growing fast and sales of new apartments increased 95% in the first semester in the city of São Paulo and metropolitan region, according to a survey conducted by AoCubo - a digital real estate company that uses technology to change the experience of buying and selling new apartments.

Even as the SELIC benchmark interest rate in Brazil was adjusted, reaching 4.25%, the sector does not seem to be intimidated and should continue to expand throughout the year.

"Despite influencing mortgage rates, the market still attracts buyers and investors interested in . . .

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