savior recorded an increase of 1.26% in the price of properties for sale, in the comparison between March and February. This appreciation is almost double the average of the 50 cities analyzed by the FipeZAP Index in the same period: 0.64%. The indicator is the most respected in the sector and its methodology considers the behavior of sales prices of residential properties advertised on the internet. The current figures were released on Monday (29) and show the local real estate market is heating up.
Of the 16 capitals surveyed, Bahia had the third biggest change, behind Curitiba (PR), 1.99%, and Recife (PE), 1.31%. Then come Florianópolis (SC), with 1.04%, João Pessoa (PB), 0.98%, and Maceió (AL), 0.90%.
According to Cláudio Cunha, president of Association of Directors of Companies in the Real Estate Market of Bahia (Ademi-BA)the increase in the price per square meter in Salvador is within expectations and tends to grow in the second half of the year.
“An important data to be analyzed is that PSV (General Sales Value) grew 4.5% in February compared to the same period in 2023. Another point to be highlighted is that Salvador has low inventory, which shows that the market is very hot”analyze.
Neighborhoods
According to the same survey, the most popular neighborhoods for purchasing property in Salvador are Pituba, Imbuí, Brotas, Itapuã, Boca do Rio, Stella Maris, Piatã, Barra, Rio Vermelho and Costa Azul. The indicator also shows that the average price of properties in the city is R$5,968/m². The neighborhoods with the most expensive m² are Barra (R$ 8,989), Rio Vermelho (R$ 8,160), Caminho das Árvores (R$ 7,996), Ondina (R$ 7,571), Imbuí (R$ 6,806), Pernambués (R$ 6,710), Itaigara (R$ 6,477), Graça (R$ 6,371), Pituba (R$ 6,351) and Brotas (R$ 5,791).
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