The Brazil Securities Commission (CVM) published the second edition of its Real Estate Sector Bulletin, a quarterly report tracking the real estate industry’s participation in Brazil’s capital markets. The bulletin shows a real estate sector financial volume of BRL 697bn for the December 2024 to September 2025 period, a 7.5% increase. Real estate investment funds (Fundos de Investimento Imobiliário, FII) grew 5.9%, with net equity of BRL 370bn, while the market for real estate receivables certificates (Certificados de Recebíveis Imobiliários, CRI) expanded 9.6% to BRL 245bn. Over the same period, the total capital markets volume increased 12% from BRL 15.3trn to BRL 17.2trn. The report is produced by CVM’s Securitisation and Agribusiness Superintendence (SSE) using data from CVM’s Open Data Portal, Fundos.NET and internal reports of offerings registered in the SRE system, and is accompanied by an interactive dashboard.
Brazil Securities Commission (CVM) 2025-11-17
Brazil Securities Commission publishes second Real Estate Sector Bulletin reporting BRL 697bn in real estate capital markets volume
The Brazil Securities Commission (CVM) released its Real Estate Sector Bulletin, highlighting a 7.5% increase in the sector's financial volume to BRL 697bn from December 2024 to September 2025. Real estate investment funds grew 5.9% to BRL 370bn, while real estate receivables certificates expanded 9.6% to BRL 245bn. The bulletin, produced by CVM’s Securitisation and Agribusiness Superintendence, also notes a 12% rise in total capital markets volume to BRL 17.2trn.