According to data from the administrations that liquidate expenses with ConsorcioAbierto software, the increase in June compared to May in buildings in CABA was 5.24%.
The average expense in buildings (not including debts) in CABA corresponding to the month of June is $47,256 and in May it was $44,903. If compared with the expense of June 2022, of $22,288, the year-on-year increase is 112.02 percent.
According to the survey carried out by ConsorcioAbierto.com among more than 7,000 consortia that use its management software, The average expense in buildings in CABA considering debts in June 2023 is $62,027. If compared with the expense of June 2022, of $31,990, the year-on-year increase is 93.89%.
How much rents increased in July
The annual increase in rents in July will be an average of 104% for contracts already signed, according to the index provided for in the new rental law, which is prepared by the Central Bank (BCRA) and contemplates the evolution of wages and inflation.
In this way, rents increased below inflation in the last 12 months, since the interannual variation until May, according to the CPI that measures the indecwas 114.2%.
How to calculate the contract increase
To calculate the increase in the rental price, you have to consult the Rental Contract Index (ILC) published every day by the Central Bank (BCRA) On its official site, this indicator contemplates the variation of inflation (according to the CPI that measures the indec) and wages, according to the remuneration of stable workers (ripte), as provided by law.
To apply the adjustment based on the ICL, the ICL of the start of the contract and the date of the increase must be taken into account. The index can be consulted by entering the website of the BCRA, clicking on “statistics” and then on “main variables”, in the Rental Contracts Index option, which is at the end of the list that is displayed.
To get the account it is necessary to take the initial amount of the contract, divide it by the value of the ICL of that date. Then, the amount resulting from the first account is multiplied by the ICL of the rent update date and gives the price of the new rent. Example: If the contract was signed on July 1, 2022 for a value of $100,000, the updated amount due as of July 1, 2023 will be $204,000.
Source: Ambito
