According to real estate fund managers (FIIs) heard by Valor, the worst is over. With the Central Bank (BC) signalling that the base rate increasing cycle may end in the third quarter, the segment shows a stabilization trend after the sharp drop seen between 2020, at the beginning of the pandemic, and the end of 2021, the period in which the B3 Real Estate Funds Index (Ifix) accumulated a decrease of 14.6%.

From January to June 20, Ifix, which tracks the variation of a portfolio of the leading listed FIIs, shows a slight increase of 0.23%. The monthly analysis shows that the benchmark became more stable as of March, when it rose 1.42%, with the BC signalling that the increases in the Selic rate were approaching the end.

Source: Valor Econômico