Brazil Residential Sale Prices Stable in June with Nominal Drop

Brazil's residential sales prices remain stable in June with Rio de Janeiro registering the country's most expensive sales prices at R$9,556 per square meter, according to FipeZap.

By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL – According to the latest FipeZAP Residential Sales Index, which tracks Brazil residential real estate prices in the country's twenty biggest cities, prices in Brazil’s often volatile residential sales sector remained relatively stable in June showing a nominal decrease of -0.06 percent.

June’s -0.06 percent variation from May fell below the rate of inflation for the period of 1.15 percent, as measured by the IPCA/IBGE (National Consumer Price Index/Brazilian Institute of Geography and Statistics).

According to FipeZAP, only six of the twenty cities surveyed . . .

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