Prime areas of Fortaleza have square meter prices above R$16 thousand; see the most expensive neighborhoods – Business

In the first quarter of 2024, the average value per square meter (m²) of newly launched residential properties in the seven most expensive neighborhoods in the capital of Ceará was around R$14 thousand, with the most expensive being R$16.4 thousand .

The values ​​were indicated in the quarterly survey of the Civil Construction Industry Union of Ceará (Sinduscon-CE), made in partnership with Brain Strategic Intelligence. 185 real estate launches in Fortaleza were analyzed in the most different neighborhoods of the city, with emphasis on the Mucuripe.

For the second quarter in a row, the neighborhood on the edge of the Capital had the most expensive residential launches. To live in a new unit on site, you need to pay, on average, R$16,423/m².

The price is very similar to the one charged next door. Meireles. The neighborhood, which commonly appears as one of the most expensive in the Northeast region for new or non-new housing, appears just behind Mucuripe in the Sinduscon-CE survey, with an average value per m² of R$16,404.

The center has more expensive square meters than Cocó and Guararapes

In relation to the survey released at the beginning of the year referring to the 4th quarter of 2023, the positions remained unchanged until 5th position in the ranking. On the sixth and seventh, Coconut It is Guararapes gave way to center and to Dionísio Torresindicating that launches in both locations presented General Sales Value (PSV) above the other two neighborhoods. Look:

1. Mucuripe: R$ 16,423/m²
2. Meireles: R$ 16,404/m²;
3. Aldeota: R$ 13,879/m²;
4. Iracema Beach: R$ 13,393/m²;
5. Retail: R$ 13,365/m²;
6. Center: R$ 12,235/m²;
7. Dionísio Torres: R$ 12,131/m².

New features and upcoming services

In the logic of real estate launches, it is evident that the land available for new developments in the most valued areas is increasingly competitive, which may explain — in part — the appreciation of residential properties in the city’s most upscale neighborhoods.

“As this land becomes more scarce, there is no doubt that the price will rise. Furthermore, new developments are being observed that use synthetic materials that imitate wood, seeking sustainability, etc. These are expensive coatings, and this obviously brings , a compromise in price. It’s not just the issue of the land itself”, he points out. Paulo Angelimreal estate market specialist and columnist for Diário do Nordeste.

“Rooftops, which are practically requirements for new developments, work as a kind of democratization of the view. Regardless of the floor you buy, there is always a common area available”, adds Angelim, saying that roofs with panoramic views also contribute to increasing the price of projects.

Historically, due to the amount of services available in the neighborhoods, the highest values ​​will be concentrated in the upscale area of ​​Fortaleza. According to Paulo Angelim, the available land must be even more competitive, causing older developments to be demolished, such as the São Pedro Building, in Praia de Iracema.

New properties are more prepared, they have a whole set of infrastructure, equipment and solutions that end up making them more expensive”

Paulo Angelim

Real estate market specialist and columnist for Diário do Nordeste

Still according to the expert, the prime area “is disputed due to the amount of services it offers. These are amenities, this happens anywhere in the world. These areas really have a wealth of services and businesses and this ends up influencing demand. They will continue being disputed and we will see the demolition of old buildings.

Optimization for the customer

Far from developments with a wide range of leisure equipment and services, new condominiums are being launched with even greater personalization to satisfy the wishes of residents, as explained Patriolino Diaspresident of Sinduscon-CE.

“The new developments that are coming out, whether high-end, very high-end or standard economy, are coming with the new demands of customers. Even in the economical development, you see a leisure area. These equipment are coming with new features to please customers. Of course, the higher the standard, the more robust it is. Launches made in the mid-2010s, the developer filled them with leisure items. Today, we have optimized, however, always putting in what people want”, he says.

In the upscale area of ​​Fortaleza, the predominance is of even more personalized developments, with a certain degree of exclusivity, as Patriolino Dias observes. Furthermore, new properties, especially vertical ones, focus on design as an attraction for higher PSVs.

“These developments that have a higher standard come with the signature of a renowned landscaper, interior architect, they come with more design. The latest developments have come with more design in the city, and these developments are coming with more added value. This is pleasing a lot to customers”, he analyzes.