It occurs in a context of a strong inflationary acceleration that generates greater uncertainty when it comes to having to set values that will apply for 12 months.
Apartment rental prices rose more than 200% in the last year, according to the report from the Scalabrini Ortiz Center for Economic and Social Studies (CESO). This phenomenon occurs in a context of a strong inflationary acceleration that generates greater uncertainty when it comes to having to set values that will apply for 12 months.
This problem, which corresponds to the macroeconomy beyond the contractual conditions, has been translating into high entry values in apartments that, although with the current inflation rates they liquefy quickly, constitute a significant barrier to entering into a new rental.
For this reason, CESO highlights that “there is a increase in the percentage of offers expressed in dollars“However, at this point it is worth noting that as of the reform of the rental law, both publications and contracts in foreign currency were prohibited.
In the last twelve months, The offer price of a studio apartment in Capital Federal increased 205.1%. In the 2-room apartments the increase was 233.3% and of 215.8% in those with 3 rooms. While, compared to the interannual inflation index, corresponding to last month, there is an increase of 138.3% in prices according to the National Institute of Statistics and Censuses (INDEC).
How much did rents increase in CABA in October?
The increases compared to September 2023 were 5.9% in the studio apartments, 4.5% for those with 2 rooms and 11.1% for those with 3 rooms..
“The grouping of the units is done according to the number of rooms or the number of m2 of the unit, if available. Therefore, the monthly data may show greater variability depending on the way they are grouped,” the study center clarified.
How much does it cost to rent an apartment in CABA?
The median of the studio apartments offered in Capital Federal is $180,000. The Minimum Living and Mobile Wage, which in October is $132,000, covers 73.3% of a rent. This ratio, which had improved towards mid-2022, fell almost 20 percentage points compared to the same month in 2022. Meanwhile, lThe median offer for two-room apartments is $230,000 and for three-room apartments it is $300,000..
Source: Ambito
