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).
Live Market IntelligenceBrazil — Live Market Board
Rio Times · Live Market Intelligence
Brazil — Live Market Board
+1.55%
174,576.80
+1.55%
66,293.07
+0.79%
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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