Housing prices in Brazil's biggest cities are likely to slow
their rise beginning in 2013, as salary and credit grow more
moderately, according to Eduardo Zylberstajn, an economist
running the real estate price index at economic research
"The conditions driving real estate purchases shouldn't
improve as much as they have recently, which should mean less
pressure on prices," Zylberstajn said on Monday at an event to
discuss the institute's FIPE Zap index.
Going forward, price increases are more likely to keep pace
with inflation, he said, except for major cities such as Sao
Paulo and Rio de Janeiro, where housing prices may climb faster.