Launches Slowed, But Brazil’s Affordable Builders Kept 2025 Growth Alive

Key Points Q4 launches fell at Plano&Plano and Cury, but 2025 VGV and units still rose. Demand stayed concentrated in lower-ticket housing, with Cury saying 91.1% of Q4 sales were up to R$ 500k ($93k). Cash conversion via deliveries, repasses, and distratos became as important as new projects. Plano&Plano (PLPL3) ended the fourth quarter with […]