Residential Property Sales Prices Rise for Second Consecutive Month

The capital with the highest price per square meter was Rio de Janeiro, followed by São Paulo and Brasília.

RIO DE JANEIRO, BRAZIL  - The sale price of residential real estate in 50 municipalities increased for the second consecutive month. In October, the FipeZap Index rose by 0.43 percent, after posting a 0.53 percent increase in September. The data are from Fipezap Index, a study conducted by the Institute of Economic Research Foundation (FIPE).

Despite the increase, the index remained below projections, taking as a parameter the National Broad Consumer Price Index (IPCA), as measured by the Brazilian Institute of Geography and Statistics (IBGE). A 0.79 percent variation had been expected.

"Once the expected variation in consumer . . .

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