Brazil’s Rent Index Rises 0.57% in October as 12-Month Rate Climbs to 5.58%

Overview

• October’s 0.57% monthly gain was the strongest in four months, lifting the annual IVAR to its highest since July.
• All four surveyed capitals saw monthly increases: Belo Horizonte (+1.30%), Porto Alegre (+0.88%), Rio de Janeiro (+0.68%) and São Paulo (+0.13%).
• On a 12‑month basis, Rio de Janeiro accelerated from 4.29% to 8.45%, Porto Alegre from 2.05% to 4.42% and São Paulo from 2.69% to 3.99%, while Belo Horizonte slowed from 9.01% to 6.93%.
• FGV economist Matheus Dias cites a firm job market and tight availability in some areas as sustaining near‑term price pressure, though less intense than in 2022–2024.
• The research house points to a surge in 2025 housing launches increasing rental supply and says the index should converge toward market‑projected year‑end inflation of about 4.55%.