Civil Construction And Engineering Should Rebuild With New Projects And Job Vacancies In The Second Half Of This Year

According to Research, the Civil Construction and Engineering Sector May Have the Largest Growth Compared to the Last Eight Years Regarding Job Openings in the Araçatuba Region in São Paulo

Even though 2020 was a challenging year, especially due to the Covid-19 pandemic, Brazil, or more specifically, São Paulo, can say it made significant progress in the engineering sector. The Civil Construction industry revealed major advancements in construction, and the expected results were surpassed.

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52% Increase in Investments in Civil Construction and Engineering

From January to November, the financing operations contracted with savings account funds totaled R$ 106.5 billion. This figure represents a 52% increase, being the best result achieved in the engineering sector compared to the previous year and the best result since 2014.

These results also have a significant impact on the real estate sector, in addition to the large-scale generation of jobs and income. From the builder to the entrepreneur, everyone benefited and ended the year in good shape.

Despite This, It Can Be Said That There Were Also Moments of Tension

“It is important to mention that there is concern over the lack of raw materials, as it inhibits companies from making launches. It was not uncommon to see situations where bricks, steel, and cement had delivery delays from suppliers due to product shortages. Due to the lack of construction materials, there was an exorbitant price increase, and we hope that prices return to pre-pandemic levels,” declared the president of Sinduscon OESP (Union of the Civil Construction Industries of the Western Region of the State of São Paulo), Aurélio L. de Oliveira Júnior.

Outlook for 2021

Even with positive points, it is possible that fundraising will decline, as the ongoing health crisis may slow down economic recovery and Brazilians may need to spend part of the resources saved during this crisis. According to the president of Secovi-SP, Basílio Jafet, “A year ago, interest rates were around 4.5% per year, they fell to 2%, but the decline in financing interest was smaller. The expectation is that the real estate credit will remain in 2021.”