The worth of recent residential renting contracts within the metropolis of São Paulo rose 9.32% within the final 12 months, accrued till October, in line with the month-to-month survey by Secovi-SP (Sindicato das Empresas de Compra, Venda e Administração de Imóveis).
It was the primary time in three years that the accrued proportion in 12 months exceeded the IGP-M (Normal Value Index – Market), an index often called “rental inflation” for readjusting actual property contracts.
In the identical interval (between Nov. 2021 and Oct. 2022), the IGP-M rose 6.52%.
The worth of residential rents . . .