O real estate market Brazil continues to surprise in 2023, with the square meter reaching incredible values in several cities across the country, even with the strong crisis faced by the sector in recent years.
According to data from the FipeZAP Index from October 2023, Brazil showed an average real estate appreciation of 5.29% in the last 12 months.
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However, some cities stand out with astronomical prices and impressive appreciation rates. These results are due to the economic and mainly tourist potential of these special municipalities.
Without further ado, read on and discover the 10 municipalities with the most expensive square meter in Brazil. Find out more about the real estate scene in each of them!
(Image: Wiki Commons/Reproduction)
“Brazilian Dubai” leads the ranking, with the most expensive square meter in the country, reaching an average of R$12,470.
The city also boasts a spectacular appreciation of 16.66% in the last 12 months, driven by its Lifestyle luxurious and stunning beachfront properties.
Located near Balneário Camboriú, Itapema is second on the list, with an average square meter of R$11,946 and an incredible appreciation of 19.99%. The city is a magnet for tourists and investors looking for high-end properties.
The capital of Espírito Santo guarantees third place, with an average square meter of R$10,806.
In addition to its natural beauty, Vitória has seen a real estate appreciation of 8.26% in the last 12 months, making it an attractive destination for investors.
The largest city in Brazil, São Paulo, occupies fourth place with an average square meter of R$10,575. Although its prices are high, the city has seen a moderate appreciation of 5.16% in the last 12 months.
The capital of Santa Catarina, known for its paradisiacal beaches, comes in fifth place, with an average square meter of R$10,566. Florianópolis also recorded an impressive appreciation of 13.05% last year.
Itajaí, a port city in Santa Catarina, takes sixth place, with an average square meter of R$10,363 and an accumulated appreciation of 16.84%. Praia Brava, in Itajaí, is a hot spot for investors.
O Rio de Janeiro occupies seventh position, with an average square meter of R$9,953. The wonderful city is famous for its beaches and vibrant culture, with a modest increase of 1.23% in the last 12 months.
Located in the metropolitan region of São Paulo, Barueri is in eighth place, with an average square meter of R$9,242 and an appreciation of 9.22% in the last year. The city has been experiencing significant population growth.
The capital of Paraná stands out in ninth position, with an average square meter of R$8,930 and an appreciation of 7.10% in the last 12 months. Curitiba is known for its quality of life and green areas.
The federal capital closes the list of the 10 most expensive cities, with an average square meter of R$8,889. Brasília, planned by renowned architects, shows a modest appreciation of 0.54% in the last year.
These cities continue to impress with their high prices and solid real estate market performance, attracting both buyers and investors.
Before making any decision, it is essential to carefully consider the market and real estate appreciation in the region of interest.
