Average Residential Property Prices in Brazil Fell 1.7 Percent in the First Four Months

The city with the highest price per square meter is still Rio de Janeiro, at R$9,476, followed by São Paulo, at R$8,899.

By Arkady Petrov

RIO DE JANEIRO, BRAZIL - From January to April 2019, the average price of property fell by 1.7 percent, according to FipeZap survey released on Tuesday (7th). The figure takes into account a 0.38 percent hike in prices - less than the 2.12 percent inflation expected for the same period.

The survey monitors real estate prices advertised in 50 cities in Brazil.

Among the capitals, four had increased above inflation in the first four months of the year: Brasília (3,72 percent), Manaus (3,7 percent), Goiânia (2,73 percent), and Florianópolis (2 . . .

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