R2V, HMP and HIS: the one thing about São Paulo compact buildings every buyer abroad must know
Many new compact buildings in São Paulo mix market-rate units (R2V) with social-housing units (HIS and HMP) that carry family-income limits, a cap on rent and a ban on short-term rentals. As a buyer living abroad, you want an R2V unit. On Ibirapuera.studio, every curated building page shows the unit mix by regime, floor by floor when the developer's sales map allows it.
HIS and HMP are housing programs of the city of São Paulo (Law 16,050/2014 and Decrees 63,130/2024, 64,244/2025 and 64,895/2026). In 2026, the family-income ceiling is R$ 9,726 per month for HIS-2 and R$ 16,210 for HMP; the sale-price ceiling is R$ 383,636.74 and R$ 537,672.71 respectively; the classification is recorded on the unit's title (matrícula).
A buyer who doesn't meet the income limit can only hold an HIS or HMP unit by renting it to a tenant who does, at a rent capped at 30% of the band's maximum income (2026: R$ 2,917.80 for HIS-2, R$ 4,863.00 for HMP) and never through short-stay platforms. For a non-resident owner that is a heavy obligation to carry from abroad; we only shortlist R2V units for international buyers.
For R2V units, the municipal rules don't prohibit short-term rentals; the building's own convention can restrict them. We read the building's documents before you choose. The lowest price in a mixed building is usually an HMP unit, which is why our "from" prices are for market-rate units only.
Rules checked 1 October 2026. Full guide (Portuguese): São Paulo HIS and HMP guide · Income simulator