SÃO PAULO, BRAZIL – The average price for renting a property in the city of São Paulo stood at R$2,000 in September. Compared to August, the prices increased 0.8 percent. In the year-to-date, the rise amounts to 4.2 percent. In 12 months, it reaches six percent. The data are part of a research conducted by Imovelweb.
Among the districts analyzed, Vila Cunha Bueno, with an average rental price of R$1,391 per month, and Parada Inglesa (R$2,033) recorded the highest price rise in the past 12 months, of 24.3 percent. Next come the Jardim D’Abril neighborhoods (R$1,327/month), with an increase of 22.4 percent.
Among the districts where rental prices dropped are Cidade Líder (R$1,838/month), Cidade Jardim (R$4,429/month) and Vila Santo Estéfano (R$1,875/month) with a 22.3, 21.5 and 20.5 percent drop, also over the past year.
The research pointed out the rental averages in São Paulo’s most expensive and cheapest districts.
More expensive (monthly) Monthly Variation Annual Variation
Itaim Bibi R$4,683 -0,1% 4,1%
Vila Cordeiro (Itaim Bibi) R$4,713 -3,2% 13,9%
Vila Olímpia (Itaim Bibi) R$4,793 -0.3% 4.1%
Cheaper (monthly) Monthly Variation Annual Variation
Vila Medeiros R$1,020 0.8% -14.02%
Itaim Paulista R$1,158 -1,8% -16,7%
Lajeado R$1,166 2,2% N/A
Source: Exame