In the case of the two rooms, it is $40,000 and the three rooms, $65,250. In each category, the prices vary depending on other characteristics (such as age, if it has a garage, etc.) and its environment (infrastructure, availability of transportation, proximity to shopping centers, among others). It is important to note that the values expressed above do not include expenses, which reach an average of 18% of the rental cost.
The February increases compared to January 2022 were 2.9% in studio apartments, 2.6% for 2-room apartments, and 7.1% in 3-room apartments. On a year-over-year basis, the median of the offer prices in studio apartments went from $22,500 to $35,000 between February 2021 and February 2022, 55.6%. Two-room apartments increased from $26,000 to $40,000, 53%, all values above inflation. Finally, the median for 3-room apartments has increased from $40,000 to $64,250, 60.6%.
In the midst of the debate, some tenants are already beginning to negotiate the adjustments to the contracts that must be renewed in March. To calculate the increase, owners and tenants must consult the Index of Leasing Contracts (ICL) published daily by the Central Bank (BCRA) on its official website http://bcra.gob.ar/. It is an indicator that takes into account the variation in inflation (according to the CPI measured by INDEC) and wages, according to the average remuneration of stable workers (RIPTE) until the current rental law is modified.
According to the evolution of the index, next month, the increase in contracts will reach 53%, the same figure recorded in February. Thus, a tenant who in March 2021 paid $41,067 to rent an apartment in Palermo (average price according to ZonaProp) will pay almost $63,000 per month over the next year, until the price has to be adjusted again. In the same way, those who started a contract in March 2021 in Caballito, when the average rental price was $33,683, with the 53% increase, will pay $51,534.
Source: Ambito
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