When purchasing or investing in a property, one of the first things you need to know is the price. In Brasília, specifically, many people are shocked by the price per square meter in Brasília. That's why we'll explain how the price dynamics work in the city and why investing in a property in Brasília is generally a good deal.  Known for its architectural beauty, Brasília has one of the most valuable square meters in Brazil. In December 2017, the Economic Research Institute Foundation launched a report comparing the average prices of advertised properties. The Federal District, with an average value of R$8,238, is only behind São Paulo (8,745) and Rio de Janeiro (9,811). Check out the content for more information about the Brasilia market and the best time to buy!

Source: FizeZap Residential Sales Index – December 2017 

Why does the value of a square meter in Brasília only increase every day?

With only 58 years of existence, Brasília has quickly become the third largest capital in Brazil. With a growing population and financial stability originated by the civil service, the real estate market has always been busy. As a result, Brasília has a stable and growing demand. On the other hand, the supply of areas in Brasília, mostly belonging to the GDF, intended for the construction of buildings is quite limited. In addition to being undersupplied, these areas are subject to several design restrictions, especially in the Plano Piloto, where the approval of new developments is directly affected by the Plano de Preservação do Conjunto Urbanístico de Brasília (PPCUB). The plan regulates the rules for construction in the largest protected area in the world, and is the only modern city to receive the title of cultural and historical heritage of humanity, comprising the South Wing, North Wing, Southwest, Octagonal and Northwest. The rules for listing properties, in addition to limiting the vertical growth of the Plano Piloto area of Brasília, impact real estate development in all administrative regions of the Federal District. Although they are not directly subject to the listing rules, these regions also suffer the impacts of these restrictions, limiting the real estate supply of the projects that are developed there. With increasing demand and decreasing supply in the medium and long term, the real estate market in the Federal District consolidates its prominent position on the national scene as one of the most attractive markets for investment.

Real estate market figures and the value per square meter in the Federal District

Every month, the Association of Real Estate Companies of the Federal District – ADEMI-DF and the Civil Construction Industry Union of the Federal District, with the support of Sebrae and in partnership with Consultoria Opinião, calculate the Sales Speed Index (IVV) of properties. The survey covers 87% of the existing market and aims to monitor the performance of the commercialization of real estate developments, indicating the speed of absorption of properties in the city and what has been observed in recent years is a systematic decrease in the supply of new properties in the capital, while demand continues to grow.

Value by neighborhood in DF

In November 2017, the average value per square meter in Brasília by neighborhood was also published by SINDUSCON for the new residential developments. The most expensive neighborhoods are: Asa Norte, with a value of R$14,955.4; Noroeste, R$11,815.59 and Park Sul, R$10,131.36.

Price X Value of property in Brasília: How much is it worth living here?

Several people, when they are buying a property In Brasília, they think the price is too high. Meanwhile, those selling the property think the price is lower than it should be. This relationship involves many variables that can sometimes go unnoticed in a negotiation or even not be considered in the appropriate way. In general, the first variables to price a property are location, private area and typology (number of bedrooms). However, the property's pricing must consider other factors that are equally or more important than these. These are the things that make the property unique: its concept, design, floor plans, construction and architectural differences, innovation, the property's view, floor plan, finish, solar positioning, aspects related to security, neighborhood, condominium management, leisure, entertainment, profitability and any other non-measurable value that one wishes to present. Therefore, when we talk about evaluating the acquisition of a property in Brasília, we cannot evaluate the deal only from the perspective of the price, but mainly from the perspective of the value included in that price. Brasília is a unique city in Brazil. Its history, its organization and the way in which it has grown will always be part of the price and value of any property built here, whether for living or for investment. It is because of these variables that they are so valued and differentiated.

Why invest in the Brasília real estate market now? In a general analysis of the current scenario, Paulo Muniz, president of ADEMI-DF comment: “The best time to invest in real estate in the Federal District is now. Those who wait too long to invest will miss out on excellent opportunities, because prices are expected to rise in the coming months.”.   The outlook for growth in the real estate market in 2018 is quite optimistic. The Selic rate began 2018 at 7%, with a downward trend throughout the year. This has a positive impact on the market and is attracting more investments. The performance of savings accounts is also positive, with an inflow of over R$17 billion in 2017, raising its collection to a record level of R$725 billion. Since savings accounts are the main source of funds for real estate financing in Brazil, this means that access to real estate credit will be expanded next year. All of these rates, combined with the reduction in inventories at construction companies, are unbalancing the supply and demand relationship, eliminating good opportunities and pushing prices up. A window of investment and appreciation opportunities has now opened, something that has not been seen in the sector for a long time, but this window of opportunities may be numbered. In Brasília this is already a reality, especially in Plano Piloto, in its newest neighborhood, Noroeste, last housing sector to be built in the listed area of Brasília. Many new developments have already been completed in the neighborhood and the infrastructure is consolidating every day with accelerated construction and local businesses already established. The growing demand in the new neighborhood already makes Noroeste the neighborhood with the greatest potential for appreciation in the coming years in Brasília. Investing in the real estate market in Brasília guarantees a better future, with quality of life and sustainable and lasting real estate appreciation.

Emplavi and the Northwest: The dream of living in the best neighborhood in Brasília comes true here

Emplavi, the largest construction company in Brasília and a leader in the high-end real estate segment in the Federal District, has been building happy stories for 40 years. In 2018, it is making its dream come true by delivering 4 new 2, 3 and 4-bedroom developments in the best neighborhood in Brasília. These are high-end properties in the best locations. The principle of rarity will always be present in the conception of each project, increasing its added value.

Are you interested in buying a property? Choose an Emplavi

Schedule a visit to our site today Emplavi Noroeste sales and decorated center – SQNW 102. Be amazed by the quality and sophistication in every detail.

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