Quintoar research points to real estate devaluation in São Paulo and Rio de Janeiro in 2024, while Belo Horizonte records discharge
One study showed that real estate appreciation in São Paulo and Rio de Janeiro in 2024 was below inflation. The survey, released on Thursday (27.FEV.2025), compared the increase in sector prices with the IPCA (National Consumer Price Index), which The last year at 4.83%.
In São Paulo, the price of the square meter rose 4.28%, reaching R $ 7,315. In Rio de Janeiro, there was a 2.95%drop, with the average value per square meter reducing to $ 5,000. Already Belo Horizonte presented appreciation of 5.93%, increasing the average price to $ 5,032.
Data Manager of the Quintoandar Group, attributed moderation in prices to the high rate of the Selic rate. “The purchase and sale market has suffered from increased Selic, which reduced demand and made prices accommodate”He said.
The real devaluation, considering inflation, was 0.55% in São Paulo and 7.78% in Rio de Janeiro. In contrast, Belo Horizonte recorded a real appreciation of 1.1%.
“The expectation for the coming months is still deceleration. Given the current scenario, the tendency is that negotiation values suffer an even more expressive real devaluation than that observed in the last quarter”Concluded Reis.
With information from .
