The economic situation hits the tenants. Not only through the considerable increase in rents while salaries do not keep up with these increases, but also in the difficulty they have year after year to also face the cost of expenses.
According to recent data collected by ConsorcioAbierto, the average expense in buildings (not including debts) corresponding to the month of April in CABA was $39,882 pesos. In addition, the average delinquency percentage in CABA is 35%. According to data collected by ConsorcioAbierto, a company that develops a management and communication system for consortium administrators and residents, the increase in expenses in April in buildings in CABA was 7.7%.
The average building expense (not including debt) in CABA corresponding to the month of April is $39,882 and in March it was $37,004. When compared to the expense of April 2022, of $18,504, the year-on-year increase is 116%.
The average expense in buildings in CABA considering debts in April 2023 It is $54,086. When compared to the expense of April 2022, $26,939he year-on-year increase is 100.7%. However, it is below the inflation line that was located at 108.8% according to the latest data released by INDEC.
“Expenses will continue to increase with the inertia of general inflation. The best administrators are trying to manage better prices on new purchases, eliminate services that are not so essential and renegotiate the expenses with greater weight. Access to information is crucial to understand what is really happening with expenses and also to give residents more visibility about the expenses that are increasingly relevant in their pockets.”, explained Albano Laiuppa, director of ConsorcioAbierto.
Rentals: how much will be paid in May
Despite rumors of changes, the rental law is still in full force and continues to determine the mandatory adjustments for ongoing contracts. Thus, tenants who have now been paying the same for 12 months will now have to face a high-impact increase.
Based on the ICL, the increase in rents for the contracts that are updated on May 1, 2023 is 95.94%, higher than the 92.59% in April. In other words, if you are due to update your rental contract next month and until this month you paid $60,000 per month, for example, you will pay $117,564 in rent for twelve months from May (see below how to calculate the new amount). In simple words, almost double, a more than appreciable increase for the pockets of those who still cannot access their own home.
For many families the May annual adjustment will be the first of their contract. For others it will be the second and last, in case they have started their rent in the fifth month of 2021. 95.94%, is the increase in the price of the rentals to which the update corresponds on May 1, 2023.
Source: Ambito
