Brazilian Home Prices Rose 6.52% in 2025 as Balneário Camboriú Tops R$14,906 per m²

Overview

• FipeZAP’s 56-city index put the national average at R$9,611 per m² in December, implying about R$480.5 thousand for a 50 m² apartment.
• Balneário Camboriú led price levels at R$14,906 per m², followed by Itapema (R$14,843), Vitória (R$14,108), Itajaí (R$12,848) and Florianópolis (R$12,773).
• The 2025 advance was the second-largest in 11 years, trailing only 2024’s 7.73% rise.
• Among capitals, Vitória had the highest price level at R$14,108 per m², while Salvador posted the steepest annual increase at 16.25%, with João Pessoa at 15.15%.
• Listings indicate one-bedroom units averaged R$11,669 per m² versus R$8,622 for two-bedroom, and Pelotas registered the lowest citywide average at R$4,353 per m².