Brazil Business - Brazil

Real Estate Prices in Brazil Soar Above Inflation in 2024: Coastal Cities Lead the Charge

By Iolanda Fonseca · October 2, 2024 · 2 min read

The Brazilian real estate market has experienced significant growth in 2024. Property prices in 56 cities tracked by the FipeZap Index rose by 0.71% in September.

This increase has contributed to a cumulative rise of 5.88% throughout the year. The surge outpaces the inflation rate of 2.99% as measured by the IPCA.

Santa Catarina dominates the list of cities with the most expensive real estate. Balneário Camboriú maintains its position at the top, with properties costing R$ 13,593 ($2,471) per square meter.

Itapema follows closely behind at R$ 13,573 ($2,467), while Itajaí rounds out the top three at R$ 11,608 ($2,110). Among state capitals, Florianópolis leads with a square meter price of R$ 11,604 ($2,109).

Other capitals have seen substantial price increases in 2024. Curitiba tops the list with a 14.19% rise, followed by João Pessoa at 13.26% and Salvador at 12.92%.

Real Estate Prices in Brazil Soar Above Inflation in 2024: Coastal Cities Lead the Charge. (Photo Internet reproduction)

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The national average price for sold properties stands at R$ 9,208 ($1,674) per square meter. This figure reflects the overall trend of rising real estate values across the country.

Brazil’s Real Estate Market

Over the past 12 months, property sale prices have increased by 7.15%. These price hikes significantly outpace the IPCA-measured inflation rate of 4.10% for the same period.

The disparity between real estate growth and general inflation highlights the robust nature of Brazil’s property market. This trend suggests a strong demand for housing and investment properties throughout the country.

Experts attribute this growth to various factors, including low interest rates and increased demand for larger living spaces.

The COVID-19 pandemic has also influenced housing preferences, with many seeking homes that accommodate remote work.

As the real estate market continues to evolve, potential buyers and investors are closely monitoring these trends. The sustained growth in property values presents both opportunities and challenges for Brazil’s housing sector.

Live Market IntelligenceBrazil — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

Rio Times · Live Market Intelligence

Brazil — Live Market Board

B3 · São Paulo
Jul 30, 2026 · 14:19

Ibovespa · benchmark

175,639.16
+1.01%

L 173,885day rangeH 176,064

+31.34% over 12 months

Market breadth · 15 names

73% advancing

11 ▲ advancing4 declining ▼

Currencies, rates & key inputs

USD / BRL

5.07

-0.96%

EUR / BRL

5.84

-0.06%

Selic rate

14.25%

·

Brent crude

89.72

-1.12%

Iron ore

161.91

·

Sector heatmap · average move today

Industrials

+2.06%

WEGE3, RENT3

Energy

+1.38%

PETR4, PRIO3

Financials

+0.90%

ITUB4, BBDC4, BBAS3, B3SA3

Utilities

+0.77%

ENEV3

Mining

+0.20%

VALE3, CSNA3, GGBR4

Materials

+0.12%

SUZB3

Consumer Disc.

-0.81%

AZZA3

Consumer Staples

-1.38%

ABEV3

Latin America scoreboard

IndexLastTodayStrength

IbovespaBrazil
175,639.16
+1.01%

S&P/BMV IPCMexico
66,475.94
-1.23%

S&P IPSAChile
10,935.89
+0.52%

S&P MERVALArgentina
3,297,051
+1.98%

MSCI COLCAPColombia
2,311.69
+0.30%

BVL S&P PerúPeru
57,107.38
—

Full instrument board

Instrument	Last	Change	YoY	Prev.	High	Low	Volume
IBOV	175,639.16	+1.01%	+31.34%	173,885.34	176,064	173,885	—
USD/BRL	5.07	-0.96%	-9.06%	5.12	5.12	5.06	—
SELIC	14.25%		—	—	—	—	—
PETR4	42.53	+1.26%	+29.72%	42.00	42.54	41.82	12,018,200
VALE3	75.54	+0.65%	+40.30%	75.05	76.56	74.61	9,783,400
ITUB4	42.59	+1.84%	+25.09%	41.82	42.69	41.83	4,563,800
BBDC4	18.25	-0.55%	+16.60%	18.35	18.38	17.72	34,312,200
BBAS3	21.04	+1.25%	+5.63%	20.78	21.06	20.78	8,304,800
B3SA3	15.48	+1.04%	+21.49%	15.32	15.52	15.31	28,858,800
ABEV3	15.68	-1.38%	+19.24%	15.90	15.68	15.12	44,309,300
WEGE3	46.76	+2.45%	+27.00%	45.64	46.90	45.81	2,618,300
PRIO3	59.28	+1.49%	+38.76%	58.41	59.37	57.91	1,840,800
SUZB3	42.35	+0.12%	-18.82%	42.30	43.00	42.15	1,618,600
RENT3	38.06	+1.66%	+6.94%	37.44	38.18	37.55	1,880,300
AZZA3	16.02	-0.81%	-56.37%	16.15	16.35	15.85	1,520,100
CSNA3	5.17	-0.58%	-34.89%	5.20	5.30	5.08	9,101,700
GGBR4	24.92	+0.52%	+46.88%	24.79	25.03	24.48	1,755,900
ENEV3	26.07	+0.77%	+91.48%	25.87	26.33	25.89	2,778,800

Largest moves today

WEGE3
46.76
+2.45%

ITUB4
42.59
+1.84%

RENT3
38.06
+1.66%

PRIO3
59.28
+1.49%

ABEV3
15.68
-1.38%

PETR4
42.53
+1.26%

BBAS3
21.04
+1.25%

B3SA3
15.48
+1.04%

The session read

The Ibovespa rose 1.01%, with breadth positive — 11 of 15 names higher. Industrials led, while Consumer Staples lagged.

From The Rio Times

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Real Estate Prices in Brazil Soar Above Inflation in 2024: Coastal Cities Lead the Charge

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