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Nov 30, 2012

Brazil: very strong upward price trend for any and all apartment in Rio, and for smaller Sao Paulo apartments


Last Updated:Nov. 30, 2012
SAO PAULO -
Apartments
COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
50 sq. m. 264,550 1,149 5.21% 5,291 22.97
85 sq. m. 352,665 1,667 5.67% 4,149 19.61
120 sq. m. 469,920 2,478 6.33% 3,916 20.87
170 sq. m. 712,130 3,548 5.98% 4,189 20.87
250 sq. m. 1,213,000 5,363 5.31% 4,852 21.45
SAO PAULO -
Penthouses
120 sq. m. 514,800 2,633 6.14% 4,290 21.94
175 sq. m. 781,200 3,712 5.70% 4,464 21.21
250 sq. m. 1,017,750 4,183 4.93% 4,071 16.73
350 sq. m. 1,668,100 n.a. n.a. 4,766 n.a.
500 sq. m. 2,021,000 10,075 5.98% 4,042 20.15
RIO DE JANEIRO -
Apartments
60 sq. m. 382,400 1,481 4.65% 6,374 24.68
90 sq. m. 605,880 2,378 4.71% 6,732 26.42
120 sq. m. 753,600 3,094 4.93% 6,280 25.78
160 sq. m. 1,178,080 3,827 3.90% 7,363 23.92
250 sq. m. 1,488,250 6,693 5.40% 5,953 26.77
RIO DE JANEIRO -
Penthouses
120 sq. m. 771,240 n.a. n.a. 6,427 n.a.
175 sq. m. 1,112,825 4,431 4.78% 6,359 25.32
250 sq. m. 1,629,000 n.a. n.a. 6,516 n.a.
450 sq. m. 2,739,600 10,094 4.42% 6,088 22.43
BARRA DA TIJUCA -
Apartments
70 sq. m. 279,860 1,163 4.99% 3,998 16.61
90 sq. m. 343,710 1,543 5.39% 3,819 17.14
120 sq. m. 505,920 2,096 4.97 4,216 17.47
200 sq. m. 851,400 3,942 5.56% 4,257 19.71
BARRA DA TIJUCA -
Penthouses
150 sq. m. 573,450 2,078 4.35% 3,823 13.85
250 sq. m. 1,003,500 3,520 4.21% 4,014 14.08
350 sq. m. 1,359,750 4,008 3.54% 3,885 11.45
Sao Paulo: Brooklin, Campo Belo, Itaim Bibi, Jardin America, Jardin Europa, Jardin Paulista, Moema, Morumbi, Vila Nova Conceição, Santo Amaro and Villa Olimpia
Rio De Janeiro: Botafogo, Copacabana, Flamengo, Gavea, Ipanema, Jardin Botanico, Lagoa, Leblon, and Barra da Tijuca
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Prices have continued to move strongly upward in Brazil in terms of US dollars, in defiance of widespread worries that the Brazilian property market may be becoming overheated.

In Rio de Janeiro, the price movement was strongest, with apartments moving up in price an amazing average of 48%, from an average of US$3,429 per sq. m., to US$5,094. Rio penthouses moved up by less, and apartments in Barra da Tijuca hardly moved up at all.

In Sao Paolo, the prices of 50 sq mt apartments moved up 33% during the year, to US$3,384 per sq. mt; apartments of 120 sq mt moved up 10.5% to US$2,616 per sq. mt. Sao Paolo apartment prices moved strongly up across all size ranges, except for the largest apartment sizes (200+ sq mt).

During this past year, the Real moved 3% up against the US$ (a relevant fact, as we measure real estate prices in US$). Sao Paolo penthouses moved up across the size range, with 120 sq. mt. apartments moving up 37%.





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