Two-room units had a strong acceleration in price increases in the last quarter, causing the year-on-year figure to reach levels above inflation.
The rentals in the City of Buenos Aires they are shot. This is reflected in a recent report by the real-estate market which asserts that prices rose above inflation while pointing out the lack of supply and the very high degree of informality.
According to the Real Estate Report, the units of two environments had a strong acceleration of price increases in the last quarter reaching 59.71%, making the increase of 204.5% in the year-on-year comparison.
The average value of the entire city for 2 room apartments used in August 2023 is $152,000, while 3-room units are listed above $214,000. 3-room units increased 72.94% during the last quarter, bringing the year-on-year increase to no less than 250.21%.
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“The reality is that beyond the averages of public offers For standard units, if you are looking for a unit in good condition, the values greatly exceed these averages. The issue is that the notices last so little, only hours on the portals, that the values of good units in the figures are almost not verified,” the document highlights.
On the other hand, they assert that the increase in temporary rentals occurs in specific neighborhoods, at the same time they maintain that the problem falls on the units offered which are already less “than before the pandemic.”
Rentals: how much does it cost to rent a 2 and 3 room in CABA
In the Buenos aires citya rent of 3 environments values in August 2023 reached $214,677 average. Meanwhile, the 2 environments are located at an average of $152,161.
In August 2022, a 3 environments It was located at $61,300, and a 2 at $49,972 average.
Source: Ambito
