The real estate market in the AMBA is facing a complex moment. While the offer in dollars increases, the rental contracts that at the end of July must make the annual update of the value of the rentals will face an increase of 110%, the maximum registered since the regulations came into effect.
This number is determined by the Leasing Contracts Index (ICL), the indicator developed by the central bank which for its calculation takes into account in equal parts the inflation and wages.
The situation varies according to the fortnight in which the contract year is renewed. Specifically, those who must do so in the first 15 days of July will face an adjustment of 108%, while for those who renew from the 15th onwards, the rate will be 110%.
Thus, for example, a tenant who pays $50,000 a month for a department, will go on to pay close to $105,000, while those properties for which a rent of $80,000 is paid, they will begin to pay $168,000, that is, more than double.
The Rental Law is still in sight. There are two conflicting opinions in Congress, but the debate is stuck and there is no agreement. After the August 13 primaries, however, there could be progress. For now, there will be no new law or modification of articles.
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 in the Federal Capital it 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 data from inflation corresponding to the month of June, shows an interannual increase of 115.6% in prices according to the CPI INDEC.
The Index for Rental Contracts, which regulates the updating of the rentals Within a contract already in force, it shows a year-on-year increase of 104.9% as of the first business day of July. In that same period, the official dollar rose 105.8%.
Source: Ambito
