The rise in ‘profitability’ of rental properties in Rio de Janeiro apparently lessened in the first three months of this year. The first quarter’s rent yield amounted to a profit of only 1.1% which is equal to less than five per cent over a whole year. This disappointing result ( at least for owners with property to rent out) is according to the well respected Fipe Index.
The figure was slightly less than the income from savings accounts in banks and other financial institutions. Some explain the phenomenon as at least partly resulting from rent increases lagging behind rocketing property sale prices in the city.