Unsold new homes in São Paulo rose 40 percent in a year. Developers keep launching, and a 14.25 percent benchmark rate keeps buyers out.
Property
Key Facts
—The pile. Unsold new homes in the city rose 40.3% in a year, to 85,200 units by December.
—The gap. Developers launched 139,700 homes in 2025 and sold 113,000, a shortfall of 26,700.
—The split. Mid and high-end launches rose 41% while sales in that bracket fell 11%.
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