Building Costs Per Square Metre in Brazil – Turner &Townsend | SINAPI

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Building Costs Per Square Metre in Brazil – Turner and Townsend & SINAPI

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Cost of Building a House in Brazil

Construction costs are very low because both labor and (local) materials are fairly inexpensive in Brazil. An individual Brazilian will construct his home with local labor for between 600 and 1000 reals (between $220 and 370 per m2), depending on the finishing (in March 2005, this equates to between $220 and 370 per m2). Most construction contractors will charge between 800 and 1200 reals for their services. In actuality, in June 2005, the average building price in the North East (Bahia, Recife, Natal, Fortaleza) was:

  • 628 reals (simple quality level)
  • 720 reals for a mediocre quality level
  • The level of luxury is 1003 reals.

These costs do not include fees and licenses for architects and engineers and kitchens (Brazilian homes usually come only with a kitchen top and sink).

In the previous five years, the cost of building a house in Brazil has climbed by over 50% per square meter.

The average value of a square meter of a building climbed by 47.43 percent from the end of 2016 to the end of 2021, from R$1,027.30 to R$1,514.52 (US$273), according to data from Sinapi (National Research System of Costs and Indices in Construction). The total inflation rate was 28.15 percent for the same period. Labor and material costs are factored into the calculations.

Types of dwellings found in brazil and their building costs

Despite significant urbanization, Brazil’s housing supply and living standards remain inadequate. Large, expansive slums are common in major cities, but most rural residents lack basic running water and electricity services. Nearly 35 million people lived in the United States in the mid-1990s. According to the most recent estimates, more than 80% of all housing units are detached houses made of brick, stone, wood, or concrete; less than 10% are apartments; less than 10% are rural cottages made of wood or clay, and less than 5% are semi-private units known as “quartes.” Approximately 74% of all homes were occupied by their owners (1998 est.).

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Cost of building a low class, middle class, and luxury house in brazil 

In Brazilian capitals, the average cost per m2 for high-end homes is 1420,68 USD, while the average per m2 for normal buildings is 604,55 USD. Prices in smaller cities might be as low as 5% to 8% cheaper. A basic 753 ft2 apartment would cost USD 42318 in the capital and roughly USD 4000 in a smaller city in Brazil.

The most expensive square feet in Brazil are in the cities of Rio de Janeiro (1790 USD for high-end properties and 852 USD for regular properties) and So Paulo (with a square meter price of 1790 USD for high-end and 852 USD for standard properties) (with a square meter cost of 1770 USD for high-end properties and 823 USD for standard ones). This is to be expected, given that these are two of the country’s major cities. In the table below, you can see the pricing per square foot in various prominent Brazilian cities. The cities of Campo Grande and Goiania have the lowest prices per square foot among the country’s major capitals.

Major residential housing projects in brazil. 

According to Global Data’s construction projects database, Brazil’s top five multi-family dwelling construction projects started in Q3 2021.

  • Ibira Mixed-Use Complex in Indianapolis – $28 million

Ibira mixed-use complex in Indianópolis, So Paulo, is the subject of the project.

Construction began in the third quarter of 2021 and is projected to be completed in the second quarter of 2023.

  • $50 million Jundiai Reserva Alta Vista Residential Complex

In Jundiai, So Paulo, the project entails the construction of a residential complex. Construction began in the third quarter of 2021 and is projected to be completed in the second quarter of 2023. The project’s goal is to improve living conditions in the surrounding area.

  • $30 million Itapema Shard Tower Residential Complex

In Itapema, Santa Catarina, Brazil, the project entails the construction of a residential skyscraper. Construction began in Q3 2021 and is expected to be finished in Q4 2024.

  • Nex One Alto da Boa Vista is a $30 million residential complex.

The proposal entails the development of a residential complex on 0.27 hectares of property in Santo Amaro, So Paulo. Construction began in Q3 2021 and is projected to be completed in Q2 2023. The project’s goal is to provide improved residential facilities in the area.

This data comes from GlobalData’s worldwide construction projects database, which records new construction projects worth more than $25 million from start to finish.

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Real estate/ residential market analysis in brazil 

Following the recessionary era of 2020 brought on by the effects of the Covid-19, the Brazilian real estate market has significantly strengthened, overcoming the economic downturn, particularly in the residential sector.

According to the Housing Union of Rio de Janeiro, 13,012 residences were sold in the first four months of this year, compared to 8,738 in the same period in 2020. The gain of 55 percent is the largest in the first four months of a year since 2013.

After the constant reduction of the national interest rate index, the so-called “SELIC rate,” a move to support the economy, the real estate market heated up, and mortgage financing got cheaper. Brazilians abandoned rent in favor of homeownership, realizing their ambition of owning a home.

Investments were primarily reallocated from financial assets to real estate assets, particularly residential real estate, due to the change.

The drastic reduction of the Sistema Especial de Liquidaço e Custodia (Special System of Clearance and Custodia – SELIC) also benefited real estate investment. It stimulated the allocation of resources to real estate investment funds, contributing to improving the economy and real estate market.

A drop in the value of Brazil’s real currency is another factor driving international interest in the Brazilian real estate market. In 2014, the average cost of a square meter in Brazil was USD 3,040. It will cost $1,344 in 2020, a 45 percent decrease. Meanwhile, according to data issued by the Housing Union (Secovi-SP) on Monday, residential rentals in Sao Paulo have increased by 3.12% in the last 12 months through June 2021. (July 19).

One of the new plan’s numerous challenges is to avoid the mistakes of the past when low-income housing projects were built without regard for infrastructure, amenities, or job prospects, eventually transforming them into slums.

Building Costs Per Square Metre in Brazil – Turner and Townsend 2019 – 2022

The construction square-metre costs of residential, commercial, educational , hotels and industrial facilities in Brazil are shown below. The cost rates are given in Brazilian Reals per Square Metre (R$/m2 or BRL/m2) as well as in US Dollars (US$/m2):

Brazil Building Costs Per Square Metre Housing_Turner and Townsend 2019_2

Brazil Building Costs Per Square Metre Housing_Turner and Townsend 2019_2 – City of Sao Paulo

Airports (Building only)                               

Domestic terminal, full service – BRL 10,057 ($2,483)

Low-cost carrier terminal, basic service – BRL 5,457 ($1,347)

Car parks                            

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Multi-storey – above ground – BRL 2,084 ($514)

Multi-storey – below ground – BRL 2,202 ($544)


Offices – Business Park – BRL 3,180 ($785)

CBD Offices – Up to 20 floors medium (A-Grade)- BRL 3,180 ($785)

CBD Offices – High Rise Prestige – BRL 3,581 ($884)


Primary and secondary – BRL 3,260 ($805)

University – BRL 4,569 ($1,128)


Day centre (including basic surgeries) – BRL 8,170 ($2,017)

Regional hospital – BRL 8,188 ($2,022)

General hospital (e.g. city teaching hospital) – BRL 8,727 ($2,155)


3 Star travellers – BRL 6,502 ($1,606)

5 Star luxury – BRL 11,771 ($2,907)

Resort style – BRL 10,523 ($2,598)


Warehouse/factory units – basic – BRL 2,360 ($583)

Large warehouse distribution centre – BRL 2,360 ($583)

High-tech factory/laboratory – BRL 5,761 ($1,423)


Individual detached or terrace style house – medium standard – BRL 2,175 ($537)

Individual detached house – prestige – BRL 3,919 ($968)

Townhouses – medium standard – BRL 2,530 ($625)

Apartments – low-rise medium standard – BRL 2,530 ($625)

Apartments – high-rise – BRL 2,985 ($737)

Aged care/affordable units – BRL 2,530 ($625)


Large shopping centre including mall – BRL 2,614 ($645)

Neighbourhood including supermarket – BRL 3,662 ($904)

Prestige car showroom – BRL 4,285 ($1,058)

Brazil Building Costs Per Square Metre Housing_2022 Updated2

Brazil Building Costs Per Square Metre Housing_2022 Updated2 – City of Sao Paulo

Housing Building Costs Per Square Metre in Brazil – SINAPI 2022/2021

The average construction square-metre costs of housing in Brazil are shown below for the year 2021 and first quarter of 2022. It’s important to note that this is an average cost of building a house or residential building based on the aggregate valuation of all building plans submitted by the municipalities divided by the aggregate gross floor area of housing plans. This average building cost rate comprises the cost of labour, materials, plant, equipment, servicing of land, infrastructure and municipality/utility connection fees. It is best used as a residential construction market index rather than an accurate cost estimating rate. Historical values of the SINAPI housing cost per square metre (Custo Médio Do Metro Quadrado) in Brazil (1994 to 2022) are shown in the table:

Brazil SINAPI Building Costs Per Square Metre Housing

Brazil SINAPI Building Costs Per Square Metre Housing

janeiro 2021 – R$1.301,84

fevereiro 2021 – R$1.319,18

março 2021 – R$1.338,35

abril 2021 – R$1.363,41

maio 2021 – R$1.387,73

junho 2021 – R$1.421,87

julho 2021 – R$1.448,78

agosto 2021  – R$1.463,11

setembro 2021 – R$1.475,96

outubro 2021 – R$1.490,88

novembro 2021 – R$1.506,76

dezembro 2021 – R$1.514,52

janeiro 2022   – R$1.525,48

fevereiro 2022 – R$1.533,96



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