Apartment rental prices in the city of Buenos Aires increased from 2.6% to 15.4% in Marchaccording to the number of environments, according to the survey released this Thursday by the Center for Economic and Social Studies Scalabrini Ortiz (CESO).
The report noted that increases regard of the values of February were from 2.6% in studio apartments, 5.9% for two-room apartments and 15.4% in three-room apartments.
He also indicated that increases accumulated in the last twelve months were 110.5% for the Buenos Aires studiosof 100% for two-room units and of 114.3% for those with threein a period in which the inflation rose to 102.5%according to the National Institute of Statistics and Censuses (Indec).
The entity specified that the median of the studios offered in the city is $80,000Therefore, the Minimum Vital and Mobile Salary, which in March is $69,500, is enough to cover 86.87% of a rentala relationship similar to that of March of last year.
On the other hand, the median of the offers of departments of two rooms is $90,000 and of those of three environments $150,000, with a coverage of minimum wage of 77.22% and 46.33%, respectively.
“The values expressed above do not include expenseswhich reach an average of 15.6% of the cost of the offer price of a rental,” added the entity led by Andrés Asiaín.
He also indicated that “in each category, prices vary depending on other characteristics (such as age, whether it has a garage, etc.) and its environment (infrastructure, availability of transportation, proximity to shopping centers, among others).”
He Index for Leasing Contractswhich regulates the updating of rents within an already valid contract, shows a 89.6% year-on-year increase as of the first business day of March12.9 percentage points less than inflation.
The CESO highlighted that “in the 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.”
“The context of inflationary acceleration adds uncertainty when it comes to having to set values that will apply for 12 months“, he added, in addition to pointing out that this situation “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.”
Source: Ambito
