The Dgeyc indicated that in the April-June period, the published price per square meter for rental of used apartments had an average year-on-year increase of 141.1% for studio apartments.
The rentals in the City of Buenos Aires In the second quarter of 2023, they had year-on-year increases of up to 141.1%, with a fall of 48.6% in the publication of offers and the tripling of the proportion of dollar dealsAccording to the report released by the Buenos Aires General Directorate of Statistics and Censuses (Dgeyc).
The Dgeyc indicated that in the April-June period, the published price of the square meter for rent of used apartments had an average year-over-year increase of 141.1% for studios, 134.6% for two-bedroom apartments, and 126.2% for three-bedroom units, with average valuations of $98,721, $130,826, and $189,453, respectively.
“Rentals continue to accelerate the pace of growth: all segments registered year-on-year increases of around 20 percentage points above those of the previous quarter, with the peak in the hands of the two-room units,” highlighted the entity of the Citywhich also pointed out that these increases exceeded “in all cases” the inflation that occurred in the district, of 114.6% per year.
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Lack of offer and prices in dollars
Likewise, he highlighted the “drastic reduction in the offer of publications of rents in pesos” with a retraction of 26.1% in relation to the first quarter and 48.6% compared to the stock offered in the same period of 2022.
“For reference, in 2021 the departments published for rent averaged 4,800 units per quarter, 3,000 in 2022 and in the second quarter of the current year, the record did not reach 1,500 publications,” he said.
As a counterpart to this decrease, the Dgeyc warned about “the sustained increase in the set of apartments for rent published in Dollars“, which went from “less than a fifth of the total in the first quarter of 2022 to almost three-fifths in the second quarter of this year.”
Rentals in CABA: which are the most expensive and cheapest neighborhoods
the neighborhood of Palermo It registered the highest rental prices for used apartments, with values of $114,015 for studio apartments, $173,594 for two-bedroom apartments, and $246,575 for three-bedroom apartments.
“The limited offer allowed us to present data for only six neighborhoods in the one-room segment, all of them with very high real estate valuation,” said the agency, which, within the limited sample, reported in its statistical annex that the cheapest price it was in the neighborhood of Recoleta, with $99,803. With greater price coverage, the most affordable rentals of two rooms were observed in Balvanera ($119,431) and for the offer of three rooms, in Flowers ($179,211).
Source: Ambito
