The rental price of a studio apartment exceeded the minimum vital and mobile wage by 80%, which stood at $156,000 in January.
The rental prices in the City of Buenos Aires increased by 260% in 2023 and by studio apartment of 40 square meters, $280,260 pesos are already requested monthly, according to the survey carried out by Zonaprop. Thus, the rental price of a studio apartment exceeded the minimum living and mobile wage by 80%which stood at $156,000 in January.
In this way, the Rental prices rose 18.6% in December and in the last 12 months it accumulated an increase of 260%, higher than inflation, which would be close to 180%. For its part, the annual adjustment of the Lease Contract Index (ICL) advanced 135.5%.
Rentals in CABA unleashed: which are the most expensive and cheapest neighborhoods?
Palermo It is the most expensive neighborhood in the City of Buenos Aires to rent, with a value of $491,737 per month, except for Madero Port which has rates in dollars. They follow him Belgrano ($487,654 per month) and Nunez ($477,163 monthly). Instead, Liniers is the most affordable neighborhood for $273,253 per month, followed by Mount Castro and Forest$284,809 per month and $288,139 per month, respectively.
Meanwhile, the areas with the highest rental prices are Northern Corridor, Northwest Corridor and Macrocenter at $474,377 per month, $419,140 per month and $358,652 per month, respectively. Meanwhile, the lowest priced ones are West ($301,687 monthly) and the Southeast ($308,272 per month).
A studio apartment of 40 m2 is rented for $280,260 per month, an apartment of two environments and 50 m2 reaches $334,888 per month and one of three environments and 70 m2 has a price of $463,301 per month.
Supply increases, but conditions worsen after the DNU that repeals the law
Since publication of the Decree of Necessity and Urgency (DNU) of deregulation of the economy signed by the president Javier Milei, The real estate sector assures that the rental supply was expanded by at least 20% in the City of Buenos Aires. However, tenants They assure that it is a “story” and warn about the persistence of abusive conditions in the contracts.
Source: Ambito
