Contrary to popular belief, São Paulo and Rio de Janeiro aren't Brazil's cities with the highest residential property prices per square meter.
Instead, the top three spots belong to Balneário Camboriú and Itapema in the Southern Santa Catarina state and Vitória in Espirito Santo.
São Paulo ranks fourth, followed by Florianópolis (Santa Catarina), Itajaí (Santa Catarina), and then Rio de Janeiro.
These insights are from a recent report by FipeZAP+.
Balneário Camboriú boasts an average cost of R$12,335 (US$2,500) per square meter, while São Paulo and Rio . . .
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