Key Real Estate Market Indicators (H1 2024)
National Price Trends
In June 2024, the FipeZAP Residential Sales Index in Brazil recorded a 0.61% increase in housing prices. Over the first half of the year, prices rose by 3.56%, outpacing the national inflation rate — a sign of strong and stable demand for real estate.
São Paulo Market Performance
In São Paulo, property prices increased by 0.69% in June and by 3.16% over H1 2024. The average price per square meter reached BRL 11,011 (approximately USD 2,200). This upward trend highlights São Paulo’s continued attractiveness for both investors and residents.
Transaction Volume
In the first six months of 2024, a total of 24,812 real estate transactions were recorded across Brazil, totaling BRL 273.2 billion (around USD 54.6 billion).
In São Paulo alone, there were 12,204 transactions during the same period — reflecting a high level of market activity and favorable conditions for investment.
Regional Price Growth (12-Month Change)
The most dynamic cities in Brazil in terms of residential price appreciation over the past 12 months:
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Curitiba: +13.98%
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João Pessoa: +12.47%
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Maceió: +13.63%
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Goiânia: +13.95%
These figures indicate that regional markets beyond São Paulo are also experiencing significant momentum — offering alternative investment opportunities across the country.
Curitiba is the capital of the state of Paraná, located in southern Brazil.
São Paulo Real Estate: Market Insights and Investment Potential
Over the past 12 months, the average price per square meter in São Paulo has increased by 5.42%, reinforcing the city’s strong appeal among property investors. With consistent price growth and a high level of economic activity, São Paulo remains one of the most attractive real estate markets in Brazil.
Economic Outlook and Property Demand
The average household income in São Paulo stands at BRL 8,814 (approx. USD 1,760), which is significantly above the national average. This higher income level supports steady demand for residential properties and positions São Paulo as a leading real estate market in the country.
Neighborhood Analysis
Among the city’s most prestigious neighborhoods are Itaim Bibi, Pinheiros, and Jardins, where average prices reach BRL 17,463 per square meter (approx. USD 3,500). These areas attract both local and international investors thanks to their advanced infrastructure, high safety standards, and strong reputations.
Conclusion
The Brazilian real estate market — and São Paulo in particular — continues to show positive momentum, creating excellent opportunities for long-term investment. With stable price appreciation, strong economic fundamentals, and a well-developed urban infrastructure, São Paulo stands out as a prime destination for property investors.
The experts at ALTUM ESTATE are here to guide you through the process and help you select the most promising investment projects, ensuring reliability and confidence every step of the way.
