Property Prices in Varginha, Brazil

Index Info
Price to Income Ratio: 7.83
Mortgage as Percentage of Income: 90.63%
Loan Affordability Index: 1.10
Price to Rent Ratio - City Centre: 24.49
Price to Rent Ratio - Outside of Centre: 22.80
Gross Rental Yield (City Centre): 4.08%
Gross Rental Yield (Outside of Centre): 4.39%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 740.00 R$ 580.00-900.00
Apartment (1 bedroom) Outside of Centre 590.00 R$ 580.00-600.00
Apartment (3 bedrooms) in City Centre 1,366.67 R$ 1,000.00-1,600.00
Apartment (3 bedrooms) Outside of Centre 1,275.00 R$ 1,200.00-1,350.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 371.61 R$
Price per Square Feet to Buy Apartment Outside of Centre 297.29 R$
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,300.00 R$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 10.00

These data are based on 13 entries in the past 18 months from 3 different contributors.
Last update: April 2024

Sources and References
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