“The only thing the Rental Law did is cause damage. “He ended up harming those he intended to protect,” said the libertarian leader in radio statements. In that sense, Milei also highlighted that contracts can be agreed “in any currency”. “Monetary freedom is part of the things we want to advance,” the president-elect concluded.
Rentals: what do different parts of the sector think?
From Grouped Tenantswho are in favor of the rental lawthey stated to Ambit what they weren’t going to do formal statements about informal sayings.
Precisely the first rule came from the hand of Together for Change (JxC) before him historical claim of the tenants who maintained that they were facing a inequality of partsbecause resounding increases were agreed upon and unattainable requirements were requested in some cases.
Later, when the first one came out rental law No. 27,551the inflationary pressure caused the real estate industry and homeowners to push for updates to stop being annual through the Lease Contract Index (ICL) because they lost with price increases.
Following this request, Congress sanctioned the new rental law, although the increase did not match what they were asking from the sector either. The value update will be done through Own housethe contractual increases are every six monthsit can’t be done publish properties in dollars and the agreements between parties must be exclusively in national currency.
In this context, from the real estate They welcomed the president-elect’s statements and nineteen institutions signed a statement endorsing the repeal of the rental law and calling for the national housing table to address the issue comprehensively with medium and long-term solutions.
Rentals: they stopped operations and there are no reference prices
“The market is in a absolute stagnationwithout new contracts being made under the conditions stipulated by the Law recently sanctioned,” he assured Ambit the former president of Unique College of Real Estate Brokers of the City of Buenos Aires (CUCICBA) Marta Liotto.
The sector agrees that the Own House Index (through which contract prices are updated) is lower than the inflationwhich does not “incentivize” to improve the offerwhich in recent years has not stopped falling.
Now, when asked about How do monthly contract renewals operate?, Liotto explained that contract “extensions” are being made. “In fact, They are the only movement that the rental market shows at the moment“he noted.
Furthermore, he said that, since CUCICBA “We are very pleased with the announcement made by the President-elect Javier Milei regarding the repeal of the law, understanding that in this way the offer will increase and in that scenario the tenant will be able to choose which one they prefer.” It should be noted that this organization signed the statement through its new president Diego Frangella.
For his part, for the president of the Argentine Real Estate Chamber (CIA), Ivan Geneva: “Regulating the problem only worsens the situation,” since the rental law did not improve the market, but rather restricted supply. However, it is also true that the increases were below inflation, a dynamic that is not known if it would have been possible without the norm.
While, Andrew Whitethe commercial manager of Miranda Boschtold this newspaper that, although the new rule is harming the supply of the market, which has been stopped since before the runoff, we must wait to see if the president-elect fulfills his promise to repeal the lawsince he was skeptical that “it is within the priorities“of the new Government.”We’ll have to see what happens in the summer.“he concluded.
Source: Ambito
