Brazil's residential rent index IVAR edged down 0.01% in October 2026, while annual growth eased from 5.08% to 4.47%, according to Portas (Notícias).
Residential rents in Brazil were practically unchanged in October 2026. According to Portas (Notícias), citing the FGV Ibre institute, the Residential Rent Variation Index (IVAR) fell 0.01% in the month, after rising 0.28% in September. Growth since the start of the year reached 3.56%. The 12-month rate slowed from 5.08% in September to 4.47% in October. FGV Ibre economist Matheus Dias linked part of the slowdown to a base effect, as October 2025 had shown a sharp increase. He also noted that still-restrictive mortgage credit and a limited supply of rental homes continue to support prices, and that the gradual cooling does not, for now, signal a change in the overall picture. The four capitals tracked by the index moved differently in October. Rio de Janeiro rose 0.37% and Belo Horizonte 0.18%, while São Paulo fell 0.12% and Porto Alegre 0.13%. Over 12 months, Belo Horizonte leads with 6.68%, followed by Rio de Janeiro at 5.45%, São Paulo at 4.09% and Porto Alegre at 3.31%. IVAR tracks the values actually negotiated in residential contracts handled by property management companies, rather than only advertised prices. The October reading shows stability nationally but preserves notable differences between local markets.