In the midst of a context marked by inflationary acceleration and the electoral uncertainty and, just three months from the start of the summer season, there are beach cities in which the dollar is taken as a reference for apartments and houses. Why and how much did rents rise?
The summer season On the Atlantic coast it begins on December 21 and extends until March 21 of each year and the period called “high season” is delimited between the second half of January and the first half of February. However, families are no longer accustomed to spending 15 days on the coast, rentals began to become weekly and even for fewer days in some cases.
How much did rents increase on the Coast?
Among the most chosen destinations, the towns of the Partido de la Costa stand out, such as San Clemente del Tuyu, Las Toninas, Holy Teresita, Tuyú Sea, East coast, Green Waters, Lucilla of the Sea, San Bernardo del Tuyú, Garlic Sea, New Atlantis, Villarobles, North Beach and Emerald coast.
And, from the College of Auctioneers and Public Brokers of the coast reported that, this year, rent increases “will accompany inflation,” which today is at 124.4%. However, on the other hand, it is observed that there are already rentals, also, in different coastal points, some prices that are published in dollars.
At that point, the real estate benchmark Ricardo Fernandez pointed to Ambit that the rental costs of properties in the La Costa District vary according to the area, being East coast and Emerald coast the masks. In addition, he highlighted that prices vary according to the services that the houses have.
“Even though the School makes a price suggestion in pesos, the owner can tell us that it is not useful and rent his house in dollars,” said Fernández.
When asked about the possibility of making reservations at this juncture, he said that “it is not known if reservations are currently being taken because there is no price parameter.” In 2022, by October 12 there were already values and they began to sign properties. “In November, there were 70% occupied locations. Last season was incredible,” recalled the real estate reference.
Likewise, in line with the increase expected in the La Costa party, the Guillermo Rossipresident of School of Auctioneers and Public Brokers from Mar del Plataassured that the suggested prices for the matches of General Pueyrredon (what includes Mar del Plata and Chapadmalal), Mar Chiquita and General Alvarado They will be known before the long weekend of Day of Respect for Cultural Diversityon October 12, and will be in line with inflation and “in pesos.”
“It is important to keep in mind that the income of the majority of Argentines is in pesos and rents must be paid in the same currency,” Rossi highlighted.
Rentals in dollars on the Coast: Pinamar and Cariló are experiencing a green season
Other areas with greater purchasing power, such as Pinamar and Carilo, are already experiencing a fully dollarized season. Prices range between US$8,000 and US$15,000 per fortnight.
“The reference is taken in dollars because the cost in pesos is very large,” said the Pinamar real estate representative. Flavio Di Francesco. The properties are already being reserved in these areas, 80% of the cost is paid and the remaining 20% is paid 15 days before entering the property, as he explained.
Meanwhile, in the Cariló area, the publications of Free market They also have dollarized prices and there are advertisements in pesos, which are not respected and the cost per night is requested in “dollar bill.”
P24 – Carilo 1_opt.jpeg
The inflationary acceleration In Argentina it makes it impossible to have predictability of what will happen to prices three months from now, which generates uncertainty in owners when renting their houses in the thing. At the same time, it eliminates the possibility of booking in advance as tourists are used to because it is not so easy to make reservations so far in advance, unless you reserve in “dollar bills.”
In turn, as Aerolíneas Argentinas launched a direct flight from Uruguay to Mar del Plata, it is also expected that a boom of foreigners will be generated in the coastal areawho arrive with another purchasing power due to the cost of foreign currency in Argentina and get cheap prices unlike tourism in their country.
Source: Ambito
