Economy

New rental contracts vary 9.32% in São Paulo

New property rental contracts in São Paulo recorded a 9.32% change in the last 12 months. The data are from the Monthly Residential Leasing Survey of the Union of Companies for the Purchase, Sale and Administration of Real Estate – Secovi-SP.1669229572 19 ebc1669229572 142 ebc

For the entity, this was the first time in three years that the percentage accumulated in the 12 months exceeded the IGP-M (General Price Index – Market), which varied 6.52% in the same period.

The data show that, in October 2022, the variation in the rent value was 1.30% in the city of São Paulo, with one-bedroom properties varying 1.50%; those with two bedrooms, 1.35%; and those with three bedrooms, 0.65%.

Guarantor

The survey indicated that the guarantor was the guarantee in 45% of the rental contracts signed in October. The three-month deposit was the preferred modality in 40% of the contracts and surety insurance accounted for 15% of them.

The Rental Speed ​​Index (IVL), which evaluates the number of days expected until the lease contract is signed, indicated that the occupancy period ranged between 35 and 84 days. Houses and townhouses were rented faster: between 35 and 58 days. The apartments had a slower pace: from 36 to 84 days.

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