February 8, 2023

Real estate prices increase by 6.16% in 2022 and achieve the highest increase in 8 years

Residential sales prices increased by 6.16% in 2022, according to the FipeZap+ Index. It is the highest increase since 2014, when it reached 6.7% Accumulated inflation last year: 5.79%.

What happened to the real estate market?

survey that he did vibe (Fundação Instituto de Pesquisas Econômicas) studies the sale prices of residential properties (apartments only) in 50 Brazilian cities based on online advertisements.

  • All 16 capital cities envisioned by FipeZap+ recorded a nominal increase (without regard to inflation) in the sale price of real estate in 2022.
  • Sao Paulo (+ 5.06%), Porto Alegre (RS) (+2.42%), Rio de Janeiro (+ 2.2%) and Brasilia DF) (+1.31%) grew below the inflation rate calculated by the IBGE.
  • Overall, 49 of the 50 cities experienced a nominal high between January and December, excluding Boats (RS).
  • The average price per square meter of housing in Brazil is R$8,321.

The largest rises between capitals

  1. Vitoria (Spain): 23.23%
  2. Goiania (GO): 20.91%
  3. Campo Grande (MS): 14.03%
  4. Curitiba (PR): 13.64%
  5. Maceo (AL): 13.22%
  6. Recife 11.35%
  7. Florianópolis (SC): 11.33%
  8. Joao Pessoa (PB): 10.26%
  9. Fortress (CE): +8.29%
  10. Manaus (AM): 7.32%

The highest elevations are outside the capital cities

  1. Balneario Camburić (SC): 21.73%
  2. Vila Velha (Spain): 21.46%
  3. São José dos Campos (SP): 19.42%
  4. Blumenau (SC): 17.36%
  5. Itapema: 16.55%
  6. Sao Jose (SC): 16.01%
  7. Itagai (SC): 15.76%
  8. Praia Grande (SP): 14.21%
  9. Joinville (South Carolina): 10.53%
  10. Sao Caetano (SP): 10.3%

Cities with the Most Expensive Square Meters of Real Estate (in Brazilian Reals)

  1. Balneario Camburić (SC): 11447
  2. Vitoria (Spain): 10,481
  3. Itapema (SC): 10,303
  4. Sao Paulo: 10196
  5. Rio de Janeiro: 9860
  6. Florianópolis (SC): 9569
  7. Itajai (SC): R$9,380
  8. Brasilia (DF): R$8,726
  9. Curitiba (PR): 8,522 Brazilian reals
  10. Barueri (SP): R$8,354

Prices have gone up a bit. We can expect a smaller increase in 2023. The sector is slowing to sell and that should be felt in the year
Pedro Tenorio, DataZap+ Economist