Operators continue to have positive expectations for the residential market

As in March, the April 2024 PHMS RICS/Ci shows a scenario of consistency for the housing purchase and sale market, with several indicators remaining in neutral territory. At the same time, rental demand continues to grow, while the downward curve of supply seems to be slowing down.

The net balance of responses regarding demand from new buyers increased slightly from -7% in March to -2% in April, suggesting a stabilizing trend in demand. At the same time, the net balance
for new sales instructions fell marginally (-6% in April), which continues to indicate a general scenario of stability.

There were also smaller changes in the volume of sales, with a net balance of -11% in April compared to -10% in March. As was the case last month, there continues to be a divergence
between sales and expectations, which improved, albeit slightly (from +7% to +8% in April).

Source: Confidencial Imobiliário