The total profitability of residential real estate reached 19.1 % annually in 2024, 16.4 % in the previous year, says a digital real estate survey in partnership with the Brazilian Economy Institute of GETULIO VARGAS (FGV IBRE).
The financial return of 19.1 % per year is the result of the total income estimated with the rent (6.2 %) and the average real estate evaluation in the period (12.9 %), according to the survey issued on Tuesday (25).
“However, many factors affect this equation, such as GDP growth (GDP) and the availability of subsidized credit, such as Minha Casa, Minha Vida (MCMV), for example”, for example.
The average return per year for residential rents grew from 5.7 % in 2023 to 6.2 % last year, according to the survey, which is considered advertising and contracts closed by Quintoandar.
The total total profitability of the property, which passed from 10.6 % in 2023 to 12.9 % in 2024, is based on the general index of the residential real estate market (IGMI-R), which is estimated to contradict sales prices from real estate financing reports provided by banks.
According to the study, the total profitability in some capitals was higher than 2024, such as Sao Paulo, which reached 17.2 % annually, and BELO Horizte, 26.6 % annually. Rio de Janeiro, in turn, reached 12.9 % per year.
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