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November 21, 2024

Rent Price in Florianópolis in 2024

The average rental price in Florianópolis has stood out on the national scene for being consistently above inflation since 2022. According to the FipeZap index, which monitors rental values in several Brazilian capitals, the city of Santa Catarina registered an average price of R$53.83 per square meter in September 2024.

This average puts Florianópolis second in the ranking of capital cities with the most expensive rents in Brazil, behind only São Paulo. Initially, the continued rise in rental costs reflects the capital's unique characteristics, such as its tourist appeal, high quality of life, and a real estate market pressured by high demand.

But what are the main factors driving this phenomenon?

Why is the rental price in Florianópolis high?

First of all, it is important to understand the factors that make Florianópolis One of the most expensive cities to rent property in Brazil. Its prime location, with beautiful beaches and a tourism-driven economy, attracts both residents and investors. Furthermore, the city is a university and technology hub, which increases the demand for real estate.

According to Economics professor Edivan Junior Pommerening, tourism and the constant movement of people drive higher real estate inflation. "Cities with high attractiveness tend to have higher prices, not only in the rental sector, but also in other related services," explains the expert.

What are the most expensive neighborhoods to rent in Florianópolis?

Analysis of the FipeZap index in September 2024 identified the following neighborhoods as the most expensive for renting in Florianópolis:

  1. center – R$ 58.1/m²
  2. Agronomics – R$ 57/m²
  3. Trinity – R$ 55.8/m²
  4. Big Stream – R$ 53.7/m²
  5. Saco dos Limões – R$ 52/m²
  6. Itacorubi (R$ 51.5/m²)
  7. Narrow (R$ 47.6/m²)
  8. Ingleses of the Red River (R$ 41/m²)
  9. Coconut trees (R$ 39.8/m²)
  10. Capoeiras (R$ 39.4/m²)

These areas concentrate factors such as proximity to universities, shopping centers and ease of access, which justify the high values.

The Slowdown in Price Rises: A Sustainable Trend?

Although rent increases in the city have slowed in recent months, the accumulated total for 2024 still indicates a significant increase of 8.1%. In September, for example, the increase was only 0.03%, one of the smallest variations among the capitals analyzed.

Still, the slower pace doesn't mean a drop in prices. In other words, rents continue to rise, but at a slower pace. This trend is in line with the country's general economic conditions, such as controlled inflation and a greater housing supply.

How Does Household Profile Affect Rental Prices?

New family arrangements also directly impact the rental market. Currently, childless couples, smaller families, and single people are predominantly looking for one- or two-bedroom properties.

According to FipeZap, one-bedroom units have the highest average value per square meter (R$ 61.61/m²), while three-bedroom properties have the lowest prices (R$ 40.90/m²). This is because the construction cost of larger units is not proportionally higher, diluting the total investment value.

How Does Florianópolis Compare to Other Brazilian Capitals?

When analyzing the national scenario, Florianópolis stands out for having one of the most valued real estate markets. The FipeZap ranking in September 2024 shows the three most expensive capitals:

  1. Sao Paulo (R$ 56.37/m²)
  2. Florianópolis (R$ 53.83/m²)
  3. Recife (R$ 53.14/m²)
  4. Maceió (R$ 50.47/m²)
  5. Bethlehem (R$ 49.97/m²)
  6. São Luís (R$ 49.12/m²)
  7. Rio de Janeiro (R$ 47.90/m²)
  8. Brasilia (R$ 46.92/m²)
  9. Manaus (R$ 46.82/m²)
  10. Victory (R$ 43.84/m²)
  11. Curitiba (R$ 41.09/m²)
  12. Belo Horizonte (R$ 40.99/m²)
  13. Salvador (R$ 40.95/m²)
  14. João Pessoa (R$ 40.15/m²)
  15. Cuiabá (R$ 39.14/m²)
  16. Goiânia (R$ 38.91/m²)
  17. Porto Alegre (R$ 38.62/m²)
  18. Christmas (R$ 35.12/m²)
  19. Campo Grande (R$ 34.12/m²)
  20. Fortaleza (R$ 31.94/m²)
  21. Aracaju (R$ 25.50/m²)
  22. Teresina (R$ 21.81/m²)

On the other hand, cities such as Teresina (R$ 21.81/m²) and Aracaju (R$ 25.50/m²) have the most affordable values, highlighting regional disparities.

What to Expect from the Real Estate Market in Florianópolis?

Above all, the trend of appreciation in the rental market in Florianópolis should continue to grow strongly. Our city attracts both investors and residents seeking quality of life, tourism, and robust infrastructure.

Even with signs of a slowdown, the cumulative increase in recent years suggests that the average rent price will remain high. Therefore, those planning to live in the city should carefully evaluate the neighborhoods and property types to find the best deals.

Is it worth renting in Florianópolis? Better to invest!

In summary, the rental market in Florianópolis reflects the city's attractiveness and competitiveness. Despite the high prices, the quality of life and economic opportunities make the investment worthwhile. However, purchasing a property is a much more advantageous alternative than remaining in the rental market.

High rent prices, combined with the continued appreciation of the real estate market, make purchasing a property an effective way to protect your assets and avoid the impacts of constantly rising rental costs.

Furthermore, acquiring a property in a city in full expansion, such as Florianópolis, means taking advantage of the constant appreciation, guaranteeing a very significant return in the long term.

We are Buzz Luxury Home, a real estate agency specializing in luxury properties in Florianópolis. For living and investing.

Count on our brokers and our specialized real estate consultancy to find the perfect property and guarantee a peaceful home in Florianópolis. In other words, from research to negotiation, we are by your side every step of the way.

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With our experience and extensive knowledge of the region, we can help you find the ideal place to live and invest. We are in Jurerê Internacional, at Rua Alameda César Nascimento – 87, Loja 2, in Infinity Blue. Schedule your visit.

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Category: Luxury Blog
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