5 Most Expensive Places to Buy Properties in Brazil

5 Most Expensive Places to Buy Properties in Brazil

As we all know, Brazil is a country located in South America. Brazil is officially known as the federal republic of Brazil and it is the largest country in both Latin America and South America. Brazil is also the fifth biggest country in the world by area consisting of about 8.5 million square kilometers and it is the sixth most populous country in the world consisting of about 200 million people.

 

The capital of the federal republic of Brazil is Brasilia and the city with the highest population is Sao Paulo. Brazil is a very wonderful place to buy a property and in this article we’re going to be telling you about the most expensive places to buy properties in Brazil. 

 

The top 5 most expensive places to buy properties in Brazil starting from the 5th, are as follows:

#5: Florianopolis: 

This city is nicknamed “Floripa” and it’s a municipality that consists of the mainland and the Santa Caterina island. This city is known for mainly its coasts and it contains Several planning laws which prevented buildings within 90m yards of the beaches and as a result of this, the cost of living there is high as well as the cost of purchasing properties.

 

Based on the analytics conducted on the prices of homes in Florianopolis, the average price per square meter to purchase a property inside the city center is 7,203R$ while to purchase a property outside the city center is 4,806R$.

 

#4: Niteroi

Niteroi is a city located in the southeast of Brazil and it is connected by a bridge across the Guanabara Bay to Rio de Janeiro. Niteroi contains lots of expensive properties, most of them with good Oceanside views.

 

Properties with oceanside views tend to cost a lot and that’s one of the major reasons why Niteroi is one of the most expensive places to buy properties in Brazil. The average price per square meter of purchasing properties inside the city center is 7,666.67R$ while the price of purchasing outside the city center is 5,444R$.

 

#3: Santana De Parnaiba

This is a city in the state of Sao Paulo. It has a population of about 120,000 people and it is as big as 179.95km2. The city contains lots of expensive luxury homes for sale worth millions of dollars and has been regarded as one of the most expensive places to buy properties in Brazil.

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The average price per square meter of properties to purchase inside the city center is 8,000R$ while the price of purchasing outside the city center is 4000R$.

 

#2: Rio De Janeiro

Rio de Janeiro is a large seaside city located in Brazil. It is known for mainly its Copacabana and Ipanema beaches, Sugarloaf Mountain, and its 38m tall Christ the Redeemer statue located on top of Corcovado. Rio had a 200% rise in the prices of its properties from the year 2008 – 2014.

 

Although, prices later dropped due to the depreciation of the Brazilian currency, Rio de Janeiro still has a lot of expensive properties to purchase and the average price per square meter to purchase a property in the city center is 9,969.79R$ while to purchase outside the city center is 6,622.73R$.

 

#1: Sao Paulo

Sao Paulo is the largest and most populated city in brazil. It comprises a population of over 12 million people. Due to this high population, traffic has shown to be a major concern in the city. Sao Paulo is also regarded as the financial center of Brazil due to the large number of industries located there. It is very popular as a place for doing business.

 

The price of properties in Sao Paulo also rose about 200 percent from 2008 up to 2014 but those prices have dropped due to the high inflation rate which came about as of 2014. The sharp drop in the value of the Brazilian currency led to the reduction of the prices of properties in Sao Paulo although, it remained the most expensive place to buy a property in brazil and the average price of purchasing a property inside the city center is 11,813.85R$ while the price of purchasing properties outside the city center is 7,465.29R$.