Register - if you don't have an account

Fortnightly updates from the global property arena directly to your inbox

Login - for registered users

Forgot Password?
Explore destinations
continent map couldn't be loaded Pacific Europe & Russia North America Latin America Asia Africa Middle East Caribbean


Investment Property News

My company
Global Property Guide


Brazil is emerging from its property downturn

Oct 18, 2017 | 0 Comment(s)

Trend: in Sao Paulo, house prices fell by 2.15% y-o-y in Q2 2017.
The property market is picking up.  Quarter-on-quarter, house prices rose slightly by 0.05% in Q2 2017, the first quarterly increase after nine consecutive quarters of  price-falls. 
Analysis:  the country now faces immense political turmoil.  
The crisis started in 2013 when the central bank raised key interest rates nine times to 11% in April 2014, causing a sharp economic slowdown.
Over the past year, President Dilma Rousseff has been impeached, the speaker of the house has been jailed, five Cabinet ministers have been removed or allowed to step down because of allegations of corruption. Brazil's new president, Michel Temer, is embroiled in a corruption scandal. 
Unemployment was 12.8% in the quarter ended July 2017, down slightly from an all-time high of 13.7% the previous quarter. 
Rents, rental yields: yields data is unavailable
Rio apartments costs are around $4,370 per sq. m. 
Brazil: city centre apartment, buying price, monthly rent (120 sq.m.) 
   Buying price  Rent per month  Yield
 Sao Paulo  $524,400  n.a.  n.a.
 Rio de Janeiro  $709,200  n.a.  n.a.


Download free property reports from international research houses

Our Newsletter

Fortnightly updates from the global property arena directly to your inbox.

Manage subscriptions