In the last twelve months, the offer price of a studio apartment in the Federal Capital increased 144.9% while interannual inflation is 115%, according to INDEC.
the context of inflationary acceleration great uncertainty when it comes to having to set values on the rentals which 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 lease.
According to a new study prepared by CESO that analyzes what happens in the real estate market month by month, there is an increase in the percentage of offers expressed in Dollars since February 2022, as of January 2023 that value reached 30%. In March of this year, the percentage reached 40%. In the month of June, for the first time, more units were offered in dollars than in pesos (54.6%). However, in July this percentage dropped slightly to 52.4%, but it is still above 50%.
How much does it cost to rent a studio in CABA
According to CESO, the median of studios offered in the Federal Capital is $120,000 in July. The Minimum Vital and Mobile Salary, which in July is $105,000, covers 87.5% of a rent. This ratio is down more than 5 percentage points from July 2022.
How much does it cost to rent 2 and 3 rooms in CABA
The median of the offers of departments of two rooms is $150,000 and those of three rooms $200,000. 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).
The values expressed above do not include expenseswhich reach on average 12.6% of the cost of the asking price of a rental.
How much have rents increased so far this year?
The increases Compared to June 2023, they were 9.1% in studio apartments, 15.4% for 2-room apartments, and 11.1% in 3-room apartments. The units are grouped according to the number of rooms or the number of m2 of the unit, if available. Therefore, monthly data may show greater variability depending on the way they are grouped.
In the last twelve months, the offer price of a studio apartment in the Federal Capital increased 144.9%. In 2-room apartments the rise was 150.0% and 135.3% in 3-room apartments. On the other hand, the latest inflation data for the month of June shows an interannual increase of 115.6% in prices according to the CPI INDEC.
The Rental Contracts Index, which regulates the updating of rents within a contract already in force, shows a year-on-year increase of 104.9% on the first business day of July. In that same period, the official dollar rose 105.8%.
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Source: Ambito
