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
+1.55%
174,576.80
+1.55%
65,522.56
-0.38%
11,450.75
-0.76%
3,009,029
+0.46%
2,508.47
-0.09%
60,117.56
+0.55%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 174,576.80 | +1.55% | +21.85% | 171,906.72 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
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