Maceió, the capital of the state of Alagoas, stands out not only for its paradisiacal beaches but also for its dynamic economic development.
With a population of over 210 million people, Brazil is a promising market, particularly for foreign investments. The city is increasingly attracting real estate investors looking to take advantage of the favorable economic context and interest-free monthly payment plans.
Moreover, Maceió is considered one of the northeastern capitals of Brazil with the highest potential for appreciation, mainly due to the growing demand for real estate in tourist and beachfront areas. This, combined with the city's quality of life and tropical climate, makes real estate investment in the region particularly attractive.
So, without further ado, let's take a look at the statistics and market prices of this booming city!
Real Estate Market Appreciation and Rental Profitability
Maceió has been experiencing a steady improvement in its infrastructure for several years, especially along the coastline. These investments have contributed to enhancing the overall quality of life and have stimulated real estate appreciation, which has shown impressive stability in recent years, with an average increase of 8% per year.
Some areas, such as Ponta Verde and Jatiúca, are experiencing much faster appreciation, especially for properties acquired in the pre-construction phase. A property purchased at the beginning of construction can see its value increase by 30% to 50% upon delivery, and in some cases, up to 100%.
Maceió is also renowned for its high quality of life, featuring white sandy beaches, crystal-clear waters, recreational areas, and a vibrant nightlife, making it a prime destination for tourists and those looking to settle in a pleasant environment close to nature.
Here are some key figures regarding real estate appreciation and rental profitability in Maceió in 2024:
| Neighbourhood | Sale (BRL/m²) | Rent (BRL/m²) | Annual Growth (%) | Annual Rental Yield (%) |
|---|---|---|---|---|
| Maceió (in general) | 8.803 | 50,43 | +10,5 | 8 |
| Jatiúca | 9 785 | 61,59 | +6,12 | 7,39 |
| Ponta Verde | 10 056 | 59,89 | +6,64 | 7,38 |
| Cruz das Almas | 9 000 | 59,12 | +20,7 | 8,58 |
Rental Prices in Maceió by Apartment Type
-
Short-term rental:
- Studio: around €400 per month
- 1-bedroom: around €550 per month
- 2-bedroom: around €700 per month
-
Annual rental:
- Studio: around €320 per month
- 1-bedroom: around €480 per month
- 2-bedroom: around €650 per month
Short-term Rental Occupancy Rates
The average occupancy rate in Maceió is around 55% per year. However, during the peak tourist season, particularly between December and February, this rate can reach 85% to 100%, as both Brazilian and international tourists seek rentals near the city's famous beaches. However, demand is seasonal, and during the low season (May to August), occupancy rates can drop to around 25% due to the rainy season. This fluctuation in demand is an important factor for investors to consider, as they must be prepared for periods of lower profitability.
For detailed data, you can consult AirDNA. It is interesting to note that, as confirmed in this article, a good booking rate is around 50%.
Purchase and Management Costs
Acquiring real estate in Maceió involves several costs, both for purchase and management. A significant advantage in Brazil is that most of these costs can be paid over several months, interest-free
Upon purchase:
- Legalization fees (ITBI): approximately 4% of the purchase price, one-time payment
- Furnishings: between €5,000 and €12,000, depending on your choices
For short-term rentals:
- Condominium fees: between €75 and €100 per month
- Cleaning: around €17 per stay
- Laundry: around €2.50 per kg
- Electricity: around €45 per month
- Wi-Fi + TV: around €30 per month
- Netflix (optional): €7 per month
- IPTU: approximately 1% of the market value, payable in January
For annual rentals:
- Condominium fees: between €75 and €100 per month
- IPTU: approximately 1% of the market value, payable in January
Tourism and Infrastructure:
A Promising Future for Maceió Maceió stands out as one of Brazil's most sought-after destinations. In the first two months of 2025, the city topped the ranking of best-selling destinations by CVC Viagens, surpassing traditional competitors such as Rio de Janeiro and Salvador. This impressive growth is supported by a series of improvements in transport and leisure infrastructure:
- Construction of a new airport in Maragogi, scheduled for December 2025.
- Development of urban projects and modernization of tourist infrastructure (hotels, shopping centers, attractions, etc.), further enhancing Maceió's appeal.
- Direct flights between Paris and Maceió, as well as Lisbon and Maceió, facilitating connections with international investors and tourists.
Tourism Growth:
In the first half of 2024, Alagoas recorded a 42% increase in international arrivals. Over 1.5 million tourists visited the city during the high season, with hotel occupancy rates close to 100%. Each tourist stayed an average of 5 days, spending around 2,100 BRL per day, generating a total revenue of approximately 3 billion BRL.
The previous year, Alagoas had already seen a 35% increase in domestic travel, with 314,000 tourists, compared to 232,000 in 2021. This growth injected R$1.1 billion into the economy that year.
Maceió ranks among the country's most popular destinations, with a 22% increase in passengers at Zumbi dos Palmares International Airport in 2024.
Foreign Investments and outlook:
In 2022, foreign direct investments (FDI) reached $86 billion, a 69.9% increase compared to the previous year, making Brazil the fifth-largest recipient worldwide. The country attracts 41% of all FDI in Latin America, with total FDI stock representing approximately 42.4% of its GDP. The main investors are: The Netherlands, United States, France, Spain and Canada. These investments primarily target trade, minerals, chemicals, financial services, and the automotive industry.
Brazil remains an attractive destination thanks to its domestic market of over 210 million inhabitants, abundant natural resources, diversified economy, and strategic geographic position. However, challenges persist, such as a complex tax system, administrative delays, and rigid legislation. The country has taken steps to improve the business environment, such as introducing electronic certificates of origin and reforms to reduce business creation time. Although Brazil does not have a national FDI review process based on national security, recent initiatives should encourage investment, despite remaining obstacles.