Lower Selic rate raises interest in real estate funds

The reduction of Selic basic interest rate to the lowest levels of history calls the attention of people who are in search of alternatives for better investments. This scenario, together with the fall of inflation, results in good valuation prospects for real estate investment funds (FII) for 2018.

Valuation of real estate funds

In order to get an idea of ​​the progression of this type of business, in the period between 2016 and 2017, the valuation was 58%, according to the Index of Real Estate Funds (Ifix), responsible for the performance of the prices of the main funds traded on the B3 exchange. Only in December, the Ifix recorded appreciation of 0.6% and accumulated a rise of 19.45% in the year. This compares with a gain of 32.3% in 2016. If we compare with the CDI, the increase was between 0.5% and 9.9% while Ibovespa, which results from the most promising actions in B3, the valuations were between 6 , 2% and 26.9%.

Because it is a sector that tends to have less volatility in relation to equity investments, the real estate fund is more suitable for investors who want to take risks, but do not feel secure in being a shareholder of a company, for example.

Reduction of Selic rate

With the reduction of the economy’s prime rate at the beginning of February, from 7% to 6.75% per year, real estate funds gained even more prominence. The news, added to the real improvement of the real estate sector, increase in job vacancies and income and credit, makes the ideal scenario for this type of investment, because it finds a different environment with more facility to rent its vacant spaces and gaining greater potential of appreciation.

For those who are considering investing a real estate fund quota, one of the advantages is the lower value of the application, which is around R$ 100. Not to mention the tax incentive for the individual, which are usually monthly and exempt from Income Tax if the investment portfolio has at least 50 quota holders and the quotas are traded on the Stock Exchange. The charge only happens through the sale, reaching 20% ​​of the gain.

Attention when it comes to investing

It is worth noting that despite the attractiveness of real estate funds, investments need to be well evaluated, taking into account the profile of each investor, their objectives, different degrees of risk acceptance and liquidity needs, being more suitable for those who want to invest in medium and long term. This is because, even with interest rates falling, real estate funds are different from fixed income investments. In fact, they are a combination of fixed and variable income, which can embed credit, liquidity and market risks.

That is why we need to be careful and aware that there are risks. Some are similar to those involving the real estate market and with traded securities. To avoid setbacks, the tip is to always research the administration fee and seek expert advice before investing.

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