Do you hear that “pop”? Home prices in Sao Paulo drop 5.2% in January
By Brazilian Bubble On April 25, 2012 · 1 Comment

"The average home prices in the State of São Paulo fell by 5.2% in January when compared to December, according to the Regional Council of Realtors in the State of São Paulo (Creci-SP). The latest Creci-SP survey (full report can be downloaded below) indicates that the monthly price decline was the first since last September, when prices fell 4.36%. Still, for the last 12 months ending in January, the average home price increased 17.96%.

“Despite this January decline, the market should not have a sequence of price decreases in 2012,” says the Creci-SP President Jose Augusto NetoViana. He said the fall in prices in January is traditionally influenced by seasonal factors and it usually fails to set a trend. “Off-season is not a time worth of using in trend forecasts,” he said.

Sales and rentals

Still according to Creci-SP, the volume of homes sold in São Paulo fell 18.37% in January. The volume of homes rentals in January shot up 24.11%.

Full report (in portuguese) below…"

But Boycie, in your case, your home, I would say no. Just put it on the market at a ridiculously high price, like everyone else, and who knows, maybe you will win the lotto.

Originally posted by Gringodude Well with the improved infrastructure being developed you're inclined to feel an improvement among neighbourhoods, perhaps Rio, is trying to become the new SP. But, yes, how many years from now could that take to achieve?

I was just in Rio Orla/Leme and same old birds, crappy sidewalks with the dangerous black and white rocks falling apart. Ha!! Bubble...

I think now is a good time to sell. I been apartments in highend areas coming off there prices by as much as 7 %.

Originally posted by frank4000 I think now is a good time to sell. I been apartments in highend areas coming off there prices by as much as 7 %.

Whereabouts (City)?

Assuming the house you intend to buy will be more expensive than your current flat, if everyone is right and prices are falling, now is not the right time to sell.