Residential rental prices in Brazil record highest monthly increase since 2011
RIO DE JANEIRO, BRAZIL – Widespread inflation is increasingly present in the lives of Brazilians. According to the FipeZap+ index, the average price of residential property in Brazil rose 1.36% in February compared to January.
This is the highest increase since December 2011 (+1.39%). The change exceeded the consumer inflation measured by IPCA, IBGE, during the period (+1.01%), but was lower than the inflation measured by IGP-M, FGV (+1.83%).
The FipeZAP+ index captures the average rental price of ready-to-rent apartments in 25 Brazilian cities based on Internet advertisements.
It was the eighth consecutive increase in the index and a new acceleration compared to the changes in July (+0.13%), August (+0.37%), September (+0.52%), October (+0.57%), November (+0.66%), and December (+0.80%).
In the 12-month period ended in February, the FipeZAP+ rent index reached a high of 5.89%. The change is lower than the inflation recorded by both IPCA (+10.54%) and IGP-M (+16.12%) in the same period.
In February, there were the following rent differences in the capitals:
Goiânia: +4.92%
Salvador: +2.45%
Florianópolis: +2.38%
Fortaleza: +2.36%
Recife: +1.96%.
Belo Horizonte: +1.77%.
Rio de Janeiro: +1.52%.
Curitiba: +1.44%.
São Paulo: +0.87%.
Brasília: +0.68%.
Porto Alegre: +0.21%.
Capitals in the 12-month period
Of the 11 state capitals studied, the capitals recorded the largest price increases in the last 12 months:
Curitiba: +15.73%.
Fortaleza: +14.37%
Goiânia: +14.10%
Florianópolis: +13.46%
Recife: +12.54%.
The average residential rental price in February 2022 was R$32.26/m².
Comparing the values measured in this month in the capitals studied, São Paulo had the highest average residential rental price in the last period (R$ 40.25/m²), followed by the averages registered in: Recife (R$ 36.77/m²), Brasília (R$ 34.62/m²) and Rio de Janeiro (R$ 32.91/m²).
The observed capitals with the lowest residential rents in the last period are: Fortaleza (R$ 19.65/m²), Goiânia (R$ 21.36/m²), Curitiba (R$ 24.70/m²) and Porto Alegre (R$ 24.99/m²).
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Brazil — Live Market Board
+2.22%
172,236.05
+2.22%
72,104.80
+1.00%
10,589.61
+0.50%
2,848,945
—
2,576.36
+3.67%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 172,236.05 | +2.22% | +10.94% | 168,498.45 | 172,236 | 168,498 | — |
| USD/BRL | 5.51 | +0.04% | +3.33% | 5.51 | 5.51 | 5.51 | — |
| SELIC | 13.75% | — | — | — | — | — | |
| PETR4 | 45.19 | -0.24% | +39.65% | 45.30 | 45.39 | 44.29 | 40,897,000 |
| VALE3 | 66.11 | +3.23% | +1.38% | 64.04 | 66.30 | 64.74 | 20,259,100 |
| ITUB4 | 41.72 | +2.94% | +6.26% | 40.53 | 41.79 | 40.89 | 17,762,100 |
| BBDC4 | 14.68 | +3.38% | -23.06% | 14.20 | 14.68 | 14.34 | 39,079,800 |
| BBAS3 | 17.02 | -0.64% | -25.29% | 17.13 | 17.39 | 16.73 | 41,431,000 |
| B3SA3 | 14.85 | +3.20% | +13.19% | 14.39 | 14.93 | 14.32 | 27,051,000 |
| ABEV3 | 15.61 | +0.84% | +18.44% | 15.48 | 15.68 | 15.38 | 27,548,800 |
| WEGE3 | 50.74 | +5.29% | +11.84% | 48.19 | 50.87 | 48.26 | 16,073,900 |
| PRIO3 | 59.39 | -1.80% | +51.39% | 60.48 | 59.57 | 56.90 | 10,987,900 |
| SUZB3 | 54.20 | +1.50% | +16.06% | 53.40 | 54.32 | 52.30 | 10,985,300 |
| RENT3 | 30.83 | +1.78% | -26.72% | 30.29 | 30.96 | 30.00 | 11,812,400 |
| AZZA3 | 15.12 | +2.44% | -46.31% | 14.76 | 15.32 | 14.84 | 2,774,100 |
| CSNA3 | 4.49 | +1.81% | -45.84% | 4.41 | 4.79 | 4.41 | 32,453,700 |
| GGBR4 | 25.26 | +4.60% | +32.25% | 24.15 | 25.30 | 24.17 | 24,250,400 |
| ENEV3 | 27.40 | +2.09% | +41.60% | 26.84 | 27.62 | 26.90 | 8,949,100 |
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