The new edition of the FipeZap index shows that the average price per square meter of real estate for sale in Balneario Camboriu in September showed the highest increase in prices among the 50 Brazilian cities analyzed in the study. The maximum amounted to 2.75% compared with the previous month.

The city on the north coast received the highest rating among the cities analyzed by FipeZap. Photo: Disclosure/Prefeitura Balneario Camboriú/ND

Behind Brazilian Dubai in the ranking is Manaus – the capital of the Amazon showed an increase of 2.08%. Then comes Vila Velha, the capital of Espirito Santo (up 1.92% from the previous month); Caxias do Sul in Rio Grande do Sul (1.68%); and Praia Grande in São Paulo (1.66%).

In total, the rating analyzed seven cities of Santa Catarina. In the state, San Jose is in second place in the valuation rankings, with real estate up about 1.57% from August. For 12 months, the increase exceeds 20%.

Then come Itapema (up 1.43% m/m and 17.40% y/y) and Blumenau (1.42% and 17.14%). The capital Florianopolis is in third place with a growth of 0.91% in September. The average property valuation throughout Brazil is 0.60%.

Balneario Camboriu also has the most expensive m² of the rated cities, with a cost of around 10.74 thousand reais – the municipality of the north coast of Santa Catarina ahead of São Paulo in second place. Also in the first positions were Itapema (4th place after Rio de Janeiro) and Florianopolis (6th place after Vitoria in Espírito Santo).

Average price per m² in SC cities

• Banya Camboriu: BRL 10.7 thousand.
• Itapema: BRL 9.8 thousand.
• Florianópolis: BRL 9.3 thousand.
• Itajai: BRL 8.9 thousand.
• Joinville: BRL 5.79 thousand.
• San José: BRL 5.76 thousand.
• Blumenau: BRL 5.23 thousand.