403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Brazil’S Rental Market Outpaces Inflation: 10.90% Rise In 2024 Alone
(MENAFN- The Rio Times) The rental market has experienced a significant uptick over the past year. Rental prices have risen by 13.75% in the last 12 months, outpacing inflation indices.
This trend has affected cities across Brazil, with some areas seeing more dramatic increases than others. September saw a slight slowdown in rental price growth.
The FipeZap Index, which monitors 36 cities, recorded a 0.65% increase in September. This marks a deceleration from August's 0.88% growth, July's 1.12%, and June's 1.43%.
Despite this slowdown, rental prices continue to climb faster than inflation. The IPCA and IGP-M, two key inflation indicators, rose by 4.42% and 4.53%, respectively. In contrast, rental prices have surged by 10.90% in 2024 alone.
Barueri, a city in the São Paulo metropolitan area, maintains its position as the most expensive rental market. The average rent in Barueri stands at R$ 61.42 per square meter (approximately $10.97 at the current exchange rate).
Several capital cities have seen particularly steep increases over the past 12 months. Campo Grande leads the pack with a 34.31% rise, followed by Salvador at 27.04%.
Porto Alegre, Aracaju, and Curitiba round out the top five with increases of 25.33%, 21.23%, and 17.94%, respectively. The trend continues in 2024, with Campo Grande again topping the list.
Rental prices in the city have surged by 32.19% this year alone. Salvador and Porto Alegre follow closely behind with increases of 23.22% and 21.94%. These figures paint a picture of a rapidly evolving rental market.
As prices continue to climb, renters across Brazil face increasing financial pressure. The situation calls for careful consideration of housing policies and their impact on affordability.
This trend has affected cities across Brazil, with some areas seeing more dramatic increases than others. September saw a slight slowdown in rental price growth.
The FipeZap Index, which monitors 36 cities, recorded a 0.65% increase in September. This marks a deceleration from August's 0.88% growth, July's 1.12%, and June's 1.43%.
Despite this slowdown, rental prices continue to climb faster than inflation. The IPCA and IGP-M, two key inflation indicators, rose by 4.42% and 4.53%, respectively. In contrast, rental prices have surged by 10.90% in 2024 alone.
Barueri, a city in the São Paulo metropolitan area, maintains its position as the most expensive rental market. The average rent in Barueri stands at R$ 61.42 per square meter (approximately $10.97 at the current exchange rate).
Several capital cities have seen particularly steep increases over the past 12 months. Campo Grande leads the pack with a 34.31% rise, followed by Salvador at 27.04%.
Porto Alegre, Aracaju, and Curitiba round out the top five with increases of 25.33%, 21.23%, and 17.94%, respectively. The trend continues in 2024, with Campo Grande again topping the list.
Rental prices in the city have surged by 32.19% this year alone. Salvador and Porto Alegre follow closely behind with increases of 23.22% and 21.94%. These figures paint a picture of a rapidly evolving rental market.
As prices continue to climb, renters across Brazil face increasing financial pressure. The situation calls for careful consideration of housing policies and their impact on affordability.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment