In the period of 1 year, the index accumulated an increase of 5.11%, a slight drop from the 5.92% observed in the previous 12 months, until April
Residential rents showed a 0.56% decrease in May, after an increase of 0.79% registered in April, according to data from the Residential Rental Variation Index (IVAR), released by the Brazilian Institute of Economics of the Getulio Vargas Foundation (IBRE/FGV) on Thursday (5). From 12 months to May, the index accumulated a rise of 5.11%, a slight drop from the 5.92% observed in the previous 12 months, until April.
“As noted in April, prices of residential rents accentuated the slowdown movement in the last 12 months. The result of this month has been influenced by the strong registered drop in Sao Paulo, which in recent years has shown retreat behavior in May,” said economist Matheus Dias, from Ibre/FGV, in an official note.
In, the situation was remarkable, with rents from an increase of 3.60% in April to a significant drop of 6.02% in May. No, rents rose 3.01% after a 1.43% decrease. In, the index increased by 4.83% after a decline of 3.34%, while in Porto Alegre, the rents rose 3.81% after a drop of 0.46%.
Analyzing the accumulated of the last 12 months, the rents in Sao Paulo had an increase of 3.24%. In Belo Horizonte, growth was more pronounced, reaching 7.98%. In Rio de Janeiro, the index rose 3.98%, while Porto Alegre registered an increase of 5.82%.
Posted by Nátaly Tenório
*Report produced with the aid of AI
