# Espírito Santo economic and real estate growth > Live situation record from CLSTR: https://clstr.news/situations/esprito-santo-economic-and-real-estate-growth > Updated: 2026-10-08T00:34:31.000Z. Sources: 4. Developments: 2. The state of Espírito Santo is experiencing significant economic and real estate growth. In September 2026, Vitória was ranked as the most competitive municipality in Brazil by the Centro de Liderança Pública (CLP), while simultaneously becoming the most expensive city in the country for residential real estate, with prices per square meter reaching an average of R$ 15,448. By October 2026, the real estate market in the region showed continued expansion. Vila Velha emerged as a major hub in the Greater Vitória area, accounting for nearly half of the regional production stock. Additionally, the forestry group ABR Brasil announced a R$ 150 million investment in the state through its new real estate division, targeting high-end developments in Aracruz and Guarapari. This investment follows industrial growth in Aracruz, which has seen improvements in public administration and health access metrics. ## Timeline ### 2026-10-08: Espírito Santo real estate market sees growth and new investment Espírito Santo's real estate sector is expanding, with Vila Velha leading production in Greater Vitória and ABR Empreendimentos Imobiliários announcing R$ 150 million in new investments. 2 sources. https://clstr.news/cluster/esprito-santo-real-estate-market-sees-growth-and-new-investment ### 2026-09-09: Vitória leads Brazil competitiveness ranking and real estate prices Vitória leads Brazil's 2026 Municipality Competitiveness Ranking and holds the highest residential real estate prices, while Aracruz rises to third place in competitiveness within Espírito Santo. 2 sources. https://clstr.news/cluster/vitria-leads-brazil-competitiveness-ranking-and-real-estate-prices --- Cite as: Espírito Santo economic and real estate growth. CLSTR, https://clstr.news/situations/esprito-santo-economic-and-real-estate-growth