Clipping of news on Brazilian Culture, Law and Citizenship
11/07/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The increase in average square meter of real estate was 0.8% in October - the lowest since September 2010. The data is calculated by the Economic Research Institute Foundation (Fipe) in partnership with the Homes and Zap site takes into account properties advertised in seven regions of Brazil (São Paulo, Rio de Janeiro, Federal District, Belo Horizonte, Salvador, Recife and Fortaleza) . São Paulo, Rio and Recife had the biggest monthly rise in October: 1.1%.
The high price of real estate has slowed since September 2011, although still rise at a rate greater than inflation. In the last 12 months, the cumulative average high is 11.6%. However, São Paulo (13.5%), Rio de Janeiro (12.8%) and Recife (16.8%) also have increased prices above average. The slowdown is felt most in the Federal District, where the cumulative increase in the past 12 months is 2.4%.
The high prices in Sao Paulo in October was driven by a 1 bedroom property (1.4%), which have the price of the most expensive square meter state capital: R$ 8,027. In Rio, the square foot 1-bedroom property also had the largest rose in October: 1.4% to R$ 10,303.
The most expensive square meters are in Sao Paulo Ibirapuera and Vila Nova Conceição (R$ 11,123), Jardim Paulistano (R$ 9,908) and Itaim (R$ 9,327). In Rio, the properties with the most expensive square meter are in Leblon (R$ 19,140), Ipanema (R$ 17,228) and Lagoon (R$ 14,627).
Source: JB News
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This article was translated by an automatic translation system, and was therefore not reviewed by people.