Residential rents were 0.81% more expensive in March, after rising 2.92% in February. The data are from the Residential Rent Variation Index (IVAR), released this Wednesday (6th) by the Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre/FGV).
In 12 months, the index accumulated an increase of 6.24%, the highest variation in the historical series started in January 2019.
The IVAR was created to measure the monthly evolution of residential rental values in the real estate market in Brazil, with information obtained directly from contracts signed between landlords and tenants under the intermediation of property management companies.
Until then, FGV collected information from advertisements of residential properties for rent, and not the values actually negotiated.
As for the results of the four capitals that make up the FGV index, residential rent in São Paulo went from an increase of 2.38% in February to an increase of 1.30% in March.
In Rio de Janeiro, the index rose from a high of 2.55% to an increase of 1.44% in the period; in Belo Horizonte, from an increase of 3.80% to an increase of 2.32%; and in Porto Alegre, from an increase of 3.61% to a decrease of 1.25%.
In the 12-month period, rents increased 4.09% in São Paulo; 4.98% in Porto Alegre; 14.11% in Belo Horizonte; and 7.27% in Rio de Janeiro.
Source: CNN Brasil
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