Investing in Off-Plan Real Estate in Santa Catarina, Brazil

Investing in Real Estate on Santa Catarina's North Coast

Santa Catarina's north coast features three of the five most expensive cities by price per square meter among the 56 cities tracked by the FipeZap index in September 2026: Balneário Camboriú (2nd), Itapema (3rd), and Itajaí (5th), trailing only Vitória at the top. The region experienced strong pre-construction launch and sales volume in 2025. To invest, evaluate the price per square meter, construction stage, distance to the beach, and each market's profile.

By Lucas Baêta. Updated on October 4, 2026.

Price per Square Meter

According to the FipeZap residential sales index for September 2026, the average price per square meter was R$15,369 in Balneário Camboriú (a 3.38% increase over 12 months), R$15,340 in Itapema (a 4.37% increase), and R$13,453 in Itajaí (a 5.25% increase). Among the 56 cities tracked by the index, Vitória leads, Balneário Camboriú ranks 2nd, Itapema 3rd, and Itajaí 5th. In September, Balneário Camboriú surpassed Itapema. Porto Belo, Bombinhas, and Camboriú are not tracked by the index. Source: FipeZap, September 2026.

Run the numbersOff-plan property or fixed income: compare the same moneyCDI: 13.65% a year (Central Bank of Brazil, 01/10/2026)Open the calculator

New Launches

A DWV survey published by the Portas portal reported R$13.4 billion in total sales value (VGV) on Santa Catarina's north coast in 2025, driven by Porto Belo, Itajaí, and Balneário Camboriú. Source: Portas.

The Six Cities

Off-plan apartments in Itapema: Meia Praia concentrates beachfront and one block from the beach launches.
Off-plan apartments in Balneário Camboriú: the city of high-rises, featuring the Avenida Atlântica oceanfront and Barra Sul.
Off-plan apartments in Itajaí: Praia Brava brings together high-end developments.
Off-plan apartments in Porto Belo: calm bay views and master-planned neighborhoods.
Off-plan apartments in Bombinhas: low-rise condos, clear water beaches, and a strong vacation rental focus.
Off-plan apartments in Camboriú: neighboring Balneário Camboriú, offering a lower entry price.

Property Appreciation: What the Numbers Show and What They Do Not

The figures above represent historical data from specific sources and dates. They do not guarantee future results. In a market with high inventory and frequent new launches, future supply directly impacts resale pricing. Because of this, choosing the right neighborhood, construction stage, and developer is just as critical as selecting the city itself.

Frequently asked questions

Which city on Santa Catarina's coast has the highest price per square meter?

In the September 2026 FipeZap index, Balneário Camboriú (R$15,369) surpassed Itapema (R$15,340) to take 2nd place among the 56 indexed cities, trailing only Vitória; Itajaí (R$13,453) ranked 5th.

Is it worth investing in off-plan property on Santa Catarina's coast?

It depends on the entry price, investment horizon, and intended use. Recent square meter data shows gains over the past 12 months, but past price growth does not guarantee future appreciation. Compare neighborhood locations and developer track records before deciding.