Rental prices in October rose above inflation again and so far in 2023 they have increased by 175%.
The Rents in the City of Buenos Aires rose 13.2% in October while the inflation slowed to 9.4% in CABA that month. Since April of this year, the increases have been above 10%according to the report carried out by the real estate portal Zonaprop.
In 2023, rental prices accumulated an increase of 175%which implies a real increase of 54.8%. For their part, new contracts accumulated an increase of 206.7% in the last twelve months and exceeded inflation by more than 60 percentage points and the adjustment of the Lease Contract Index (ICL) at more than 140%.
How much does a rental cost in CABA in 2023?
According to a survey carried out based on the notices published on the real estate portal, Zonapropthe rental value of a studio apartment is $207,017 per month, a two room apartment It reaches $255,685 per month and a three-room, 70 m2 unit is rented for $343,227 per month.
In this way, the cost of a studio apartment exceeded the minimum, living and mobile wage by $75,000 or $42%.
What are the most expensive and cheapest neighborhoods in CABA?
At the moment, Palermo It is positioned as the most expensive neighborhood in the City of Buenos Aires with an average price of $350,735 pesos per month. They follow him Belgrano and Nuñez with $343,994 and $341,255 pesos per month, respectively.
In the middle zone there are Chacarita with prices ranging from $288,237 per month, Chacabuco Park at $280,171 per month and Villa Pueyrredón at $254,959 per month.
On the other hand, the cheapest neighborhoods to rent are Barracks $176,576 monthly, Forest $218,736 per month and Constitution $219,310 per month.
Source: Ambito
