LatAm Real Estate: Another brick in the wall: 95% of 2026 Social Fund resources allocated; Commercial rents highest increase since 2012

Research evidence excerpt

LatAm Real Estate: Another brick in the wall: 95% of 2026 Social Fund resources allocated; Commercial rents highest increase since 2012

Global Research

24 June 2026ab

LatAm Real Estate Equities

Latin AmericaAnother brick in the wall: 95% of 2026 Social

Fund resources allocated; Commercial rents Real Estate

highest increase since 2012 TainanAnalystCosta

tainan.costa@ubs.com

+55-11-2767 6091

95% of 2026 Social Fund resources is already allocated Ana Julia Zerkowski

Associate AnalystAccording to the news, a study prepared by the Ministry of Planning shows that 95%

ana-julia.zerkowski@ubs.com

of the resources expected for the Social Fund in 2026 already have a defined

+55-11-2767 6303

allocation. Also, the fund currently has R$63.3bn for 2026, of which R$60.0bn has

already been committed. Accordingly, the largest share of resources is

concentrated in education, at R$28.4bn, while R$21.0bn is allocated to MCMV and

R$10.2bn is destined for a category that includes government financing programs.

The study was requested amid discussions over the source of funds that could be

used to finance a potential renegotiation of agribusiness debt, with an estimated

fiscal impact of R$139.8bn over 13 years. Lastly, the Chamber president had

signaled that the proposal would be voted on after the parliamentary recess, which

starts on July 18, but agribusiness lawmakers want to accelerate the vote to the

coming days to allow rural producers to access the Plano Safra, which will be

announced on July 1. - Here

Commercial rents post in May highest increase since 2012

According to the news, commercial rents recorded in May their highest monthly

increase since 2012. The FipeZap index shows that rents for commercial rooms and

office suites rose +1.5% MoM.