C
cariocadagema
Guest
Real Estate prices.
Boom or Bubble, till it happens (burst of the bubble) it will be an endless discussion.
Yesterday it was “breaking” news on Brazilian TV channels and today in the newspapers.
The figures of the Fipe-Zap + Foundation for Economic Research.
Housing prices from June/2012 till Jan/2013 = 7 months.
The prices have stabilized, if not dropping.
It’s over the top.
In 7 major cities prices per M2 have dropped (Considering inflation).
Variation over 7 months:
Curitiba (-6,1%)
Brasília (-5,8%)
Florianópolis (-4,4%)
Vila Velha (-3,5%)
Vitória ( -1,1%)
Belo Horizonte ( -1,1%)
Recife (-0,6%).
Winners:
Niteroi (+5,4%)
Porto Alegre (+4,6%)
São Paulo (+4,2%)
Rio de Janeiro(+3,5%)
Rio is still the most expensive place - R$ 8.711,00 / M2
Sao Paulo - R$ 6.922,00 / M2
Source: Fundação Instituto de Pesquisas Econômicas (FIPE)
As soon as these figures can be given in English I Will put a link here.
Boom or Bubble, till it happens (burst of the bubble) it will be an endless discussion.
Yesterday it was “breaking” news on Brazilian TV channels and today in the newspapers.
The figures of the Fipe-Zap + Foundation for Economic Research.
Housing prices from June/2012 till Jan/2013 = 7 months.
The prices have stabilized, if not dropping.
It’s over the top.
In 7 major cities prices per M2 have dropped (Considering inflation).
Variation over 7 months:
Curitiba (-6,1%)
Brasília (-5,8%)
Florianópolis (-4,4%)
Vila Velha (-3,5%)
Vitória ( -1,1%)
Belo Horizonte ( -1,1%)
Recife (-0,6%).
Winners:
Niteroi (+5,4%)
Porto Alegre (+4,6%)
São Paulo (+4,2%)
Rio de Janeiro(+3,5%)
Rio is still the most expensive place - R$ 8.711,00 / M2
Sao Paulo - R$ 6.922,00 / M2
Source: Fundação Instituto de Pesquisas Econômicas (FIPE)
As soon as these figures can be given in English I Will put a link here.