Unlocking São Paulo’s Residential Boom: How ARD and Brickfund Bring European Investors into Brazil’s Strongest Market

Introduction

São Paulo, with its 22 million inhabitants and $700 billion GDP, is the economic engine of Latin America. As urbanization accelerates and housing demand outpaces supply, the city’s real estate market offers one of the most attractive opportunities globally.

ARD Capital Partners, a Dutch AFM-registered fund, together with Brickfund Nederland, bridges European capital to these high-yield projects through its São Paulo Residential Fund.

The Power of Partnership

Brickfund — with €100 million under management and a strong Dutch investor base — brings a proven track record in residential investments. ARD contributes 30 years of local family presence in São Paulo, unlocking access to Vitacon, the city’s leading high-end micro-apartment developer.

This synergy ensures institutional-grade governance with local insight:

• Brickfund oversees structure and compliance under the AFM-light regime.
• ARD executes sourcing, on-the-ground due diligence, and investor relations in Brazil.
• Vitacon delivers projects with unmatched sales velocity and zero defaults since 2009.

Market Dynamics

Micro-apartments (≤45 m²) have risen from 22% of launches in 2016 to over 75% by 2025, driven by young professionals and dual-income households. Demand remains nearly 100% absorbed at launch, underlining market liquidity.

Prime districts like Perdizes and Vila Nova Conceição show 10–12% annual rental yields and price appreciation exceeding 9% per year.

Why São Paulo Now?

• Stabilized macro environment: controlled inflation, independent central bank, and consistent GDP growth.
• Favorable demographics: urban migration and rising middle-class demand.
• Underpriced housing: still below international benchmarks (UBS Global Real Estate Index).

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