Rent variation index rises 1.06% in February, points out FGV

The Residential Hire Variation Index (IVAR) rose 1.06% in February 2023. The outcome means a slowdown in comparison with the 4.20% charge recorded in January. In response to the Brazilian Institute of Economics of the Getulio Vargas Basis (IBRE/FGV), which calculates the indicator, with the outcome, the accrued charge in 12 months elevated from 10.74% in January 2023 to eight.73% in February 2023.

Knowledge launched this Tuesday (7) by IBRE additionally level out that between January and February, half of the cities analyzed by IVAR adopted the development of the common index and recorded a deceleration. These are the instances of São Paulo (from 2.84% to 2.10%) and Porto Alegre (from 10.15% to -4.71%). The remaining two, Rio de Janeiro and Belo Horizonte, famous a rise within the variation of residential hire. The primary modified from 1.45% to three.11% and the second from 0.72% to five.97%.

Two of the 4 cities that make up the IVAR had a deceleration within the interannual charges between February twenty third and February twenty second. In São Paulo it fell from 8.20% to 7.91% and in Porto Alegre from 16.79% to 7.42%. Within the remaining others, there was an reverse motion and advances in annual charges. Belo Horizonte went from 9.82% to 12.12% and Rio de Janeiro from 8.51% to 9.10%.

In response to the FGV, the IVAR was created to measure the month-to-month evolution of residential hire values ​​in the true property market in Brazil. The following launch of the indicator is scheduled for April fifth.