How to read these markets
Brazil is not one real-estate market — it is at least four. São Paulo is the only one with US-tier liquidity and a fast exit. Rio, Florianópolis and the lifestyle coast trade a yield discount for brand and livability. The Northeast capitals — Salvador, Recife, Fortaleza, Natal, Maceió — are the value-yield play, cheaper per m² with higher gross returns and a sharper safety gradient. The trophy enclaves — Búzios, Trancoso, Jericoacoara — are supply-locked, seasonal, and priced for scarcity.
Every city page leads with the same four numbers (USD/m², BRL/m², long-term yield, short-term yield) so you can compare like for like, then goes deep on each neighborhood. Start with the national buying guide for the mechanics that are identical everywhere.