Rio de Janeiro new-build home prices jump nearly 70% in a year
Newly launched home prices in Rio de Janeiro rose 68.51% over twelve months. That took the average launch price to about 19,445 reais ($3,540) per square metre. Prices of finished, resale homes rose far less, in the range of 6% to 15%.
Prices of newly launched homes in Rio de Janeiro rose 68.51% over the past twelve months. According to market data cited by the Rio Times, that took the average launch price to about 19,445 reais ($3,540) per square metre.
By contrast, prices of finished, resale homes rose far more modestly, in the range of 6% to 15%. That widened the gap between newly launched projects and the existing housing stock across the city.
The steep rise in new-launch prices reflects factors such as supply constraints and firm demand. Whether the divergence between the two market segments persists will be watched closely for its impact on affordability for buyers.
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