By Richard Mann, Contributing Reporter
RIO DE JANEIRO, BRAZIL – From April 2018 to March this year, the average sale price of real estate fell by 3.49 percent. New rents were down 1.56 percent.
Sales and rental prices of commercial real estate fell over 12 months in the ten cities surveyed by FipeZap.
From April 2018 to March this year, the average selling price of real estate fell 3.49 percent. New rents were down 1.56 percent. Inflation (IPCA) was 4.58 percent in the same period.
Sale prices also fell in March. The decline was 0.2 percent in the month, over ten municipalities: São Paulo, Rio de Janeiro, Belo Horizonte, Porto Alegre, Curitiba, Florianópolis, Brasília, Salvador, Campinas (SP) and Niterói (RJ).
In these cities, the rental price was slightly higher, by 0.07 percent, last month.
The only city registering a sales price increase over 12 months was Campinas (SP), 1.28 percent. The most significant drops were in Niterói (-8.34 percent), Curitiba (-6.25 percent) and Rio de Janeiro (-5.84 percent).
Rental prices, in turn, increased in three cities over the same period: Salvador (5.87 percent), Curitiba (4.07 percent) and Porto Alegre (0.97 percent). The highest drops were registered in Curitiba (-4.44 percent), Niterói (-3.7 percent) and Brasília (-2.26 percent).