The apartments that go out for rent month by month exceeded the increase in the monthly CPI in the last 5 months. Some have already reached increases of more than 10% per month.
The departments that come out in rent month after month, the increase in the monthly CPI exceeded the last 5 months and the offer continues at minimums, according to the latest report by the Real Estate Report.
Last April, the number of second-hand apartments with 1 to 4 rooms available for rent in the city of Buenos Aires was 1,084 units. The number is slightly lower than the one existing in March when 1,098 were offered. The current number of units that come up for rent is 62% less than what those looking for a rental could find in March of last year. (2,830 units).
The sharp drop in supply is accompanied by an increase in the values requested month by month, which even exceeds the very high inflation rates.
Averaging the increase in the median values of the supply of used apartments in the last 6 months, studio apartments increased 10.68% per month, one-bedroom units 9.91%, and 10.85% and 12.5 % respectively the rentals of the 3 and 4 rooms.
The interannual increase between April 2023 and the same month last year was 188% for the 1-room units, 156% for the two-room units, and 142% and 167% in the average values of the two-room apartments. and three bedrooms.
In April of this 2023, the average value of the existing offer for a 1-room unit already exceeded the barrier of 100 thousand pesos and reached $110,000 per month.
How much does it cost to rent in CABA
According to the document, the average price of the two-room apartments is $115,000 and the 3-room apartment is $160,000. While the 4-room units are already at $240,000.
Neighborhood by neighborhood: how much does it cost to rent a studio or a 2 rooms