The Residential Rent Variation Index (Ivar), measured by the Getulio Vargas Foundation (FGV), rose 0.82% in April this year. In March, the indicator had risen 0.81%.
With the result, the index, which measures the variation of rents in the cities of São Paulo, Rio de Janeiro, Belo Horizonte and Porto Alegre, accumulates a high of 8.24% in 12 months, the highest rate since the beginning of the historical series of the research, started in January 2019.
Among the four cities, the biggest change was observed in São Paulo (1.27%), which in March had registered inflation of 1.30%. Porto Alegre, on the other hand, was the only capital with a high rate from March to April, when it went from a deflation (price drop) of 1.25% to an inflation of 0.82% in the period.
Rio de Janeiro had a drop in the rate, going from 1.44% in March to 0.31% in April. Belo Horizonte went from a price increase of 2.32% in March to a deflation of 0.07% in the period.
The 12-month rate rose in the four cities: São Paulo (from 4.09% in March to 6.54% in April), Rio de Janeiro (from 7.27% to 8.7%), Belo Horizonte (from 14.11% to 14.87%) and Porto Alegre (from 4.98% to 7.17%).
