Even’s Sales Drop in Q2 2025 Highlights Tougher Times for Brazil’s Housing Market
Even Construtora, a major Brazilian property developer, reported R$ 442 million in sales for the second quarter of 2025
Even Construtora, a major Brazilian property developer, reported R$ 442 million in sales for the second quarter of 2025—a 9% drop from last year’s same period, according to official company filings.
Despite this decline, Even launched two new projects worth a combined R$ 694 million, up 25.7% from the previous year. Sales from new launches reached R$ 218 million, while sales from existing inventory totaled R$ 224 million.
However, the company’s sales velocity, which tracks how quickly it sells its properties, fell to 13% from 19% a year ago. This slowdown means Even is taking longer to sell its apartments, which can hurt profits and increase costs.
Contract cancellations dropped 13.3% to R$ 52 million, showing that buyers who commit are more likely to complete their purchases. This is a positive sign for the company’s cash flow.
Brazil’s housing market faces higher interest rates and rising costs, making it harder for people to buy homes and for companies to maintain profits. Even’s results reflect these pressures.
The company continues to invest in new projects, betting on future demand, but slower sales show that buyers are cautious. These trends matter because real estate drives jobs and investment in Brazil.
When a leading company like Even slows down, it signals wider economic challenges that affect many people.
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