Caixa Econômica Federal strike impacts real estate financing

A strike at Caixa Econômica Federal, which began on September 10, is impacting real estate operations in Brazil. While not all financing stages are halted, processes requiring human intervention—such as document verification, engineering evaluations, FGTS validation, internal approvals, and in-person contract signings—are being delayed.

Real estate professionals are advised to manage risks by mapping the specific stage of each ongoing transaction. Notably, the strike does not automatically extend the deadlines established in purchase and sale contracts, meaning buyers remain bound by original timelines even as bank operations are paused.