According to the last report on rental prices as of January 15, The increases compared to December 2022 were 6.2% in studio apartments, 2.6% for 2-room apartments, and 4.3% for 3-room apartments.
In the last 12 months, the offer price of a studio apartment in Capital Federal increased 102.9%. In the 2-room apartments the increase was 105.1% and of 100% in those of 3 environments. This last data marked the crossing of a limit: The properties with 1 and 2 rooms had already doubled their price, now those with 3 rooms have been added.
This real estate trend is consistent with the latest inflation data corresponding to the month of December, which showed an interannual increase of 94.8% in prices according to the CPI INDEC.
“Although renting can imply problems when it comes to obtaining guarantees or paying commissions, the cost of renting is the first -and in many cases the biggest- barrier to entry,” highlighted the report.
According to CESO, the median of studio apartments offered in the Federal Capital is $69,000Thus, the Minimum Vital and Mobile Wage, which in January is $65,427cover the 94.8% of a rental. This relationship, which had improved at the end of 2021 and was around 104%now down almost 10 percentage points compared to last year.
Meanwhile, the median of the offers of two-room apartments is $80,000 and those with three rooms $120,000.
It is worth clarifying that in each category the prices vary depending on other characteristics such as age, garage, storage, own patio, amenities and its surroundings, such as infrastructure, availability of transportation and proximity to shopping centers, among others.
But it must also be added that the values expressed above do not include expenseswhich reach on average 15.3% of the cost of the asking price of a rental.
In this framework, from the study center they warn about the seriousness of the situation. “In the Autonomous City of Buenos Aires, high prices prevent a large part of the population from renting even an average studio apartment, pushing them towards areas with lower quality infrastructure and services,” they held.
Likewise, they stressed that the context of inflationary acceleration adds uncertainty when it comes to having to set values that will apply for 12 months. “This, which is a macroeconomic problem beyond the contractual conditions, has been translating into high entry values that, although with the current inflation rates they liquefy quickly, constitute a significant barrier to entering a new rental”they sentenced.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
