South American Real Estate News

Sales and Rental Prices of Brazilian Commercial Real Estate Have Declined in the past 12 Months

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From April 2018 to March this year, the average sale price of real estate fell by 3.49 per cent. New rents were down 1.56 per cent.

Sales and rental prices of commercial real estate fell over 12 months in the ten cities surveyed by FipeZap.

From April 2018 to March this year, the average selling price of real estate fell 3.49 percent. New rents were down 1.56 percent. Inflation (IPCA) was 4.58 percent in the same period.

Sale prices also fell in March. The decline was 0.2 percent in the month, over ten municipalities: São Paulo, Rio de Janeiro, Belo Horizonte, Porto Alegre, Curitiba, Florianópolis, Brasília, Salvador, Campinas (SP) and Niterói (RJ).

In these cities, the rental price was slightly higher, by 0.07 percent, last month.

The only city registering a sales price increase over 12 months was Campinas (SP), 1.28 percent. The most significant drops were in Niterói (-8.34 percent), Curitiba (-6.25 percent) and Rio de Janeiro (-5.84 percent).

Rental prices, in turn, increased in three cities over the same period: Salvador (5.87 percent), Curitiba (4.07 percent) and Porto Alegre (0.97 percent). The highest drops were registered in Curitiba (-4.44 percent), Niterói (-3.7 percent) and Brasília (-2.26 percent).

Source: The Rio Times

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