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According to data from Secovi-SP, apartments with one and two bedrooms represent 91% of launches and 93% of sales last month, with properties ranging from 30 m² to 65 m² of floor space.

 

By Tatyane Mendes 11/12/2022 8:00 am

    

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real estate purchase

Legislation of the State of SP, affordability of smaller apartments and the search for own housing and urban mobility drive the trend

In the last twelve months, the price of rentals in the metropolitan region of São Paulo has risen about 11.03%, according to data from startup Quinto Andar. The platform recorded the 12th consecutive month of rising prices in August. The trend is similar to that observed by the General Price Index – Market (IGP-M), which saw an increase of 8.59% between August 2021 and the same month this year. The Residential Rent Variation Index (IVAR), measured by the Getulio Vargas Foundation (FGV), also presents similar data, despite evaluating the cities of São Paulo, Rio de Janeiro, Belo Horizonte and Porto Alegre. In 2022, rent grew by 9.96%. According to researcher Matheus Peçanha, from the Brazilian Institute of Economics, this growth is faster than what has been observed since 2019, mainly motivated by the maintenance of prices during the pandemic. “It is very out of the way because we have the owners trying to adjust for two years practically the value. The average variation should be around 11%, more than double the IGP-M, which should be around 5%”, he says. As a result, residents of the region began a movement to search for property acquisitions, giving preference to apartments with one to two bedrooms, with sizes between 30m² and 60m², considered small or smaller. The values ​​of these properties can be found from R$ 180 thousand, in the plant with delivery expected between 12 and 24 months. In addition to the rent, four factors encourage this heating up of the market for smaller apartments: the State's Urban Intervention Plan; the affordability of smaller apartments; the search for the first home of their own, with an increase in the participation of the younger population, and the search for more urban mobility.

 

According to the real estate market survey, produced by Secovi-SP, a union for the sector, there was a 22.9% growth in the sale of real estate in São Paulo between September 2021 and the same period this year. 69,812 units were sold from October 2021 to September 2022. Just last month, the city of São Paulo registered the launch of 8,225 residential units. Apartments between one and two bedrooms represent 91% of launches and 93% of last month's sales. Properties ranging from 30 m² to 65 m² of usable area accounted for 90% of sales and 85% of launches. Properties with a value between R$ 240 thousand and R$ 500 thousand registered the highest volume of launches, with 76% and the highest volume sold with 81%.