The housing market in Porto Alegre had 249 transactions of new homes in January. The volume is 41% lower than December and 11% less than January of 2011.

According to a survey by Sinduscon/RS, over the last 12 months the market recorded sales of 4,133 new homes, 25.34% lower than the preceding 12 months. Also according to the survey, the number of launches also has dropped: in 12 months, 4,082 new units were launched, a reduction of 17​​% compared to the same period last year.

Source: Zero Hora

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