LatAm Real Estate "Another brick in the wall: Cancellation requests grow..."

Research evidence excerpt

LatAm Real Estate "Another brick in the wall: Cancellation requests grow..."

Global Research

3 July 2026ab

LatAm Real Estate Equities

Latin AmericaAnother brick in the wall: Cancellation

requests grow for HIS/HMP units; Salvador Real Estate

leads home appreciation in June TainanAnalystCosta

tainan.costa@ubs.com

+55-11-2767 6091

Cancellation requests grow for HIS and HMP units in SP Ana Julia Zerkowski

Associate AnalystAccording to a news report, buyers who purchased units classified as HIS/HMP in

ana-julia.zerkowski@ubs.com

prime SP neighbourhoods are filing lawsuits to rescind the contracts, claiming they

+55-11-2767 6303

were not informed about the conditions for using the properties. Per the report, the

cases generally involve studios sold to buyers with income above the limit imposed

by legislation and who intended to use the properties for short-term rentals, which

were prohibited by City Hall in 2025. First-instance rulings in favor of consumers

have already been recorded, even when buyers signed a consent form

acknowledging that the unit was classified as HIS/HMP. For developers, in case of an

unfavorable decision, they are obliged to return the amount paid by the buyers,

sometimes with an additional fine, and keep the unit in inventory. Lastly, the news

notes that it will become increasingly difficult for consumers to claim lack of

knowledge about what a HIS/HMP unit represents, given the public discussions on

the topic. - Here

Salvador leads home price appreciation among capitals in June

According to FipeZap, Salvador leads the ranking of residential property

appreciation among Brazilian capitals, with asking prices increasing +12.4% LTM

through June, more than double the national average of +5.6%, followed by

Fortaleza (+10.8%) and Vitória (+10.2%).