The scenario of maximum financial stress with alternative dollars breaking records adds pressure to inflation. It is that, as the analysts point out, the uncertainty threatens the expectations that the cost of living may subside in the coming months and that may generate, in turn, “preventive or speculative” remarks.
With the soaring of the blue dollar, the real estate sector and tenants were put on alert. According to the Lease Contracts Index (ICL) published daily by the Central Bank (BCRA), an adjustment of 58.15% was already projected for July. But now it could be older.
Last week, from the Unique College of Real Estate Brokers of the City of Buenos Aires (CUCICBA) they assured that the rise in rental prices according to the ICL will reach 58.15% in July. Thus, for example, those who started a contract in July of last year for $47,047 per month, which was the average value paid at that time in Palermo according to ZonaProp, will pay $74,404. The amount is below what it costs to close a new rental contract today in that neighborhood of Buenos Aires ($80,463).
According to the monthly index carried out by ZonaProp, renting a studio apartment in the Autonomous City of Buenos Aires (CABA) costs $53,993 per month. A two-room, 50-m² apartment is rented for $64,581 per month, while a three-room, 70-m² unit costs $87,931 per month, in both cases, without considering the cost of utilities and other services.
Without clear perspectives on the direction that the economy will follow, while the government seems to lose control of the dollar and without being able to tame inflation, prices are running amok. In addition, the treatment of the rulings to modify the rental law is delayed, prices rise and supply suffers from shortages.
Source: Ambito
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