Clipping of news on Brazilian Culture, Law and Citizenship
06.10.2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Average value per square meter of residential real estate retreated 0.12% in September compared with August. This is the second nominal decline since 2009
The prospect of Fipe is the indicator end the year up 0.9% (Jupiterimages / SEE)
The average price per square meter of ready residential properties advertised in 20 Brazilian cities fell 0.12% in September compared with August, the second decline followed according to the FipeZap Enlarged index, released on Friday. From July to August, the index had fallen 0.01%, the first nominal decrease (without discounting inflation) since the start of the series in 2009.
"It's a continuation of the movement that we have been seeing for some time now with a nominal fall," said the coordinator of the research, Eduardo Zylberstajn.
The prospect of Fipe is the indicator end the year up 0.9%. Compared to the same month last year, the index was up 2.63%.
Among the 20 cities surveyed, eight fell in the monthly comparison: Rio de Janeiro (-0.52%), Brasília (-0.16%), Recife (-0.04%), Porto Alegre (-1.26% ), Florianopolis (-0.31%), Niterói (-0.15%), Goiânia (-0.09%) and Count (-0.22%).
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The average price per square meter in the 20 cities surveyed was 7,604 real. In Rio de Janeiro, despite the decline, the value remains the highest in the country, 10,538 reais. In Sao Paulo, where the monthly increase was 0.08%, the average price per square meter was 8,614 reais.
For the ninth consecutive time, the variation of FipeZap index was lower than inflation on an annual basis, with results below the price index in all the surveyed cities. The IPCA-15, prior to the official inflation of the country, rose 0.39% in September. In 12 months, the increase is 9.57%.
(With Reuters)
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This article was translated by an automatic translation system, and was therefore not reviewed by people.