Brazil: Residential properties rents increase 1.3% in August
The average price of rented property in the country rose 1.30% in August, a result that corresponds to a slowdown compared to the variations observed in the four previous months: April (+1.84%), May (+1.70%), June (+1.58%) and July (+1.37%).
The data are from the FipeZAP+ Index and were released on Tuesday, September 13.
The average variation of the residential rent registered by the index surpassed the monthly inflation to the consumer measured by IPCA/IBGE (-0.36%), as well as the behavior of the prices of the Brazilian economy registered by IGP-M/FGV (-0.70%).
Among the 25 cities monitored, Joinville (-0.76%), São José (-1.70%), and Salvador (-0.30%) registered a drop in prices.
Considering the 11 capitals where residential rental prices are monitored, the following variations were observed: Fortaleza (+3.17%); Goiânia (+2.26%); Florianópolis (+2.26%); Brasília (+2.07%); Curitiba (+1.96%); Belo Horizonte (+1.33%); São Paulo (+1.18%); Rio de Janeiro (+1.18%); Porto Alegre (+0.98%), and Recife (+0.97%).
PARTIAL BALANCE FOR 2022
From January to August, the FipeZAP+ Residential Rental Index accumulated a high of 12.42%, a variation that exceeds the inflation calculated by IPCA/IBGE (+4.39%) and by IGP-M/FGV (+7.63%) in the same interval.
Of the 25 cities monitored, 24 registered an increase in residential rental prices, including all the 11 capitals monitored: Florianópolis (+24.24%); Goiânia (+23.60%); Fortaleza (+21.39%); Curitiba (+17.58%); Belo Horizonte (+15.59%); Salvador (+15.44%); Rio de Janeiro (+13.73%); Recife (+13.48%); São Paulo (+10.91%); Brasília (+5.99%); and Porto Alegre (+4.98%).
ANALYSIS OF THE LAST 12 MONTHS
In the last 12 months, the index accumulated a 15.31% advance, higher than the inflation accumulated by the IPCA/IBGE (+8.73%) and by the IGP-M/FGV (+8.59%).
All of the 25 cities monitored by the index registered price increases in their respective locations, especially Florianópolis (+31.85%); Fortaleza (+28.01%); Goiânia (+25.68%); Curitiba (+23.85%); Belo Horizonte (+19.51%); Recife (+18.26%); Rio de Janeiro (+16.36%) and Salvador (+16.21%); São Paulo (+12.53%); Brasília (+7.23%); and Porto Alegre (+7.08%).
AVERAGE RENTAL PRICES IN AUGUST
Based on the 25 cities monitored by the index, the average rental price for residential properties was R$35.37/m² (US$6.95/m²) in August.
In comparison with the 11 capital cities evaluated, São Paulo presented the highest average residential rental price in the period (R$44.03/m²), followed by the average rental values in Recife (R$40.40/m²), Florianópolis (R$36.93/m²), Rio de Janeiro (R$36.44/m²), and Brasília (R$36.04/m²).
Among the capitals with the lowest residential rent, are Fortaleza (R$23,06/m²), Goiânia (R$24,26/m²), Porto Alegre (R$26,15/m²) and Curitiba (R$27,98/m²).
Check below the averages of all capitals monitored during the period:
| City | August variation (%) | Variation in the last 12 months (%) | Average price (R$/m²) |
|---|---|---|---|
| IPCA | -0.36 | 8.73 | n/a |
| IGP-M | -0.70 | 8.59 | n/a |
| FipeZap index | 1.30 | 15.31 | 35.37 |
| São Paulo | 1.18 | 12.53 | 44.03 |
| Rio de Janeiro | 1.18 | 16.36 | 36.44 |
| Brasília | 2.07 | 7.23 | 36.04 |
| Salvador | -0.30 | 16.21 | 29.40 |
| Porto Alegre | 0.98 | 7.08 | 26.15 |
| Curitiba | 1.96 | 23.85 | 27.98 |
| Belo Horizonte | 1.33 | 19.51 | 29.53 |
| Recife | 0.97 | 18.26 | 40.40 |
| Fortaleza | 3.17 | 28.01 | 23.06 |
| Florianópolis | 2.26 | 31.85 | 36.93 |
| Goiânia | 2.26 | 25.68 | 24.26 |
With information from Exame
Live Market IntelligenceBrazil — Live Market Board
Rio Times · Live Market Intelligence
Brazil — Live Market Board
+2.97%
177,866
+2.97%
66,496
+0.59%
11,057
+0.28%
3,280,224
+2.43%
2,307.67
+0.65%
56,194.27
+1.29%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 177,866 | +2.97% | +30.07% | 172,742 | — | — | — |
| USD/BRL | 5.11 | -0.04% | -8.33% | 5.11 | 5.11 | 5.11 | — |
| SELIC | 14.25% | — | — | — | — | — | |
| PETR4 | 39.65 | +1.12% | +22.98% | 39.21 | 39.97 | 39.34 | 27,213,400 |
| VALE3 | 74.18 | +1.41% | +34.19% | 73.15 | 74.66 | 73.12 | 22,118,800 |
| ITUB4 | 44.30 | +4.02% | +29.44% | 42.59 | 44.34 | 43.23 | 28,691,300 |
| BBDC4 | 18.86 | +4.78% | +16.85% | 18.00 | 18.87 | 18.32 | 47,714,200 |
| BBAS3 | 20.58 | +2.90% | -2.97% | 20.00 | 20.67 | 20.25 | 24,323,000 |
| B3SA3 | 15.42 | +4.26% | +9.44% | 14.79 | 15.53 | 15.19 | 41,437,800 |
| ABEV3 | 15.82 | +0.64% | +19.58% | 15.72 | 15.99 | 15.72 | 34,764,700 |
| WEGE3 | 46.51 | +1.68% | +16.57% | 45.74 | 46.80 | 46.11 | 7,145,200 |
| PRIO3 | 55.45 | -0.29% | +32.66% | 55.61 | 56.29 | 55.04 | 6,818,400 |
| SUZB3 | 41.55 | +1.27% | -16.65% | 41.03 | 41.87 | 41.20 | 8,080,900 |
| RENT3 | 41.10 | +4.31% | +7.45% | 39.40 | 41.32 | 40.31 | 8,338,600 |
| AZZA3 | 19.10 | +3.47% | -47.66% | 18.46 | 19.30 | 18.81 | 1,703,700 |
| CSNA3 | 5.18 | +7.92% | -37.82% | 4.80 | 5.20 | 4.95 | 14,591,200 |
| GGBR4 | 23.01 | +2.36% | +36.32% | 22.48 | 23.10 | 22.58 | 10,449,600 |
| ENEV3 | 27.55 | +5.15% | +107.61% | 26.20 | 27.55 | 26.61 | 16,185,800 |
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