The most expensive in the Northeast
“Research done by Fipe (Institute/Foundation for Economic Research) for the Brazilian magazine Exame showed that pre-owned houses and apartments in Recife are the most expensive in the Northeast (per m2). The average price in the city is R$ 2,844 (30% higher than in Salvador and double that of João Pessoa). Specialists say it’s due to the World Cup construction going on and the investments in Suape (Recife’s international port).”
By the way, the average price for a place in Recife that’s not pre-owned? Roughly R$ 5,000 per m2, which makes it the 6th most expensive city in the country with Rio on the high side (just below R$ 9,000 per m2) and Vila Velha on the low side (just below R$ 3,500 per m2).