Real Estate Credit in Brazil: Impact of institutional improvements in the real estate credit

• Grant number: 12/18200-3
• Support Opportunities: Scholarships in Brazil - Master
• Start date: January 01, 2013
• End date: June 30, 2013
• Field of knowledge: Applied Social Sciences - Economics - Fiscal and Monetary Policies
• Principal Investigator: Gabriel de Abreu Madeira
• Grantee: Natalia Quiroga Cotarelli
• Host Institution: Faculdade de Economia, Administração e Contabilidade (FEA). Universidade de São Paulo (USP). São Paulo , SP, Brazil

Abstract

Although the real estate market in Brazil has been expanding in recent years, its share in GDP is significantly below the percentage found in other developing countries. Because of this, the country continues to present significant housing deficits.This study aims to analyze the impact of the law of fiduciary property (August 2004), on contracts for the real estate market, comparing the evolution of these contracts with other credit agreements with similar terms.There is a consensus that the credit market has certain peculiarities, such as: information problems and limited commitment, which can generate credit rationing. Institutional improvements that alter the parameters of the contracts, and increase legal certainty for creditors, may help in the development of the credit market, mitigating these problems, and making credit more accessible.

Academic Publications

(References retrieved automatically from State of São Paulo Research Institutions)

COTARELLI, Natalia Quiroga. Real estate credit in Brazil: Impact of institutional improvements in the real estate credit. 2014. Master's Dissertation - Universidade de São Paulo (USP). Faculdade de Economia, Administração e Contabilidade (FEA/SBD) São Paulo.