Brazil’s residential property prices up 1.59% in the year to May, below IPCA inflation

In the year to date, the state capitals with the highest price hikes were Maceió (+7.29%), Vitória (+5.49%), Florianópolis (+5.22%), Curitiba (+4.56%), João Pessoa (+3.67%), Goiânia (+3.52%), and Manaus (+3.36%).

RIO DE JANEIRO, BRAZIL - The prices of residential properties for sale in the whole of Brazil have registered an increase of 1.59% this year through May, according to the FipeZap Index. The variation is lower than the accumulated inflation for the same period.

If projections for the IPCA (Extended National Consumer Price Index) indicated by economists in the latest edition of the Central Bank's Focus Bulletin are confirmed, the indicator will accumulate a 3.06% increase between January and the end of May.

Thus, the real price variation - discounting inflation - will be negative, with a loss of 1 . . .

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