The context of accelerating inflation adds uncertainty when it comes to having to set values that will apply for 12 months. This, which is a macroeconomics problem Beyond the contractual conditions, it has been translating into high entry values that, although with the current inflation rates they liquefy quickly, constitute a significant barrier to get into a new rental.
In a context where the percentage of offers expressed in dollars is also increasing, the consulting firm CESO carried out a survey of the real estate price during the month of August and surprised to reveal that increases of up to 20% were registered in CABA.
Within this framework, an increase in the percentage of offers expressed in dollars is observed, mainly from February 2022.
Rentals: how much does it cost to rent an studio
The median of the studio apartments offered in the Federal Capital is $140,000. The Minimum Vital and Mobile Salary, which in August is $112,500, covers 80.4% of a rent. This ratio, which had improved by mid-2022, dropped more than 20 percentage points in August 2023.
Rentals: how much does it cost to rent a two and three rooms
The median of offers for two-room apartments is $170,000 and $240,000 for three-room apartments.
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 expenses, which reach an average of 12.4% of the cost of the offer price of a rental.
Rents: how much have they increased so far this year
The increases over July 2023 were 16.7% in studio apartments, 13.3% for those with 2 rooms and 20.0% for those with 3 rooms. 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 grouped1
In the last twelve months, the offer price of a studio apartment in the Federal Capital increased 154.5%. In 2-room apartments the increase was 161.5% and 177.5% in 3-room apartments. On the other hand, the latest inflation data for the month of July shows an interannual increase of 113.4% 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 109.4% on the first business day of August. In that same period, the official dollar rose 107.9%.
Source: Ambito
