Brazil’s Commercial Real Estate Prices Dip Again in August

In the commercial real estate sales sector, Rio de Janeiro had the most expensive prices with an average per square meter of R$10,333; São Paulo had the most expensive prices in the rental sector with an average per square meter price of R$42.69.

By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL – According to the latest FipeZap Commercial Index, Brazil commercial real estate prices declined in August with sale prices falling -0.51 percent and rental prices decreasing -0.46 percent.

In that period, the accumulated inflation rate fell -0.09 percent, as calculated by the IPCA/IBGE (National Consumer Price Index/Brazilian Institute of Geography and Statistics).

August's declines surpassed July's declines which were -0.35 percent and -0.33 percent respectively, with an accumulated Subscribe to our Premium Membership Plan. Already Subscribed?