The average of the studio apartments offered in the city is $280,000, so the Minimum Living and Mobile Wage, which in January is $156,000, is enough to cover 55.71% of a rental.
The entity indicated that the accumulated increases in the last twelve months were 305.8% for Buenos Aires studio apartments, 337.5% for two-bedroom units and 316.7% for three-bedroom units, in all cases exceeding inflation. year-on-year, which as of December amounted to 211.4%, according to the National Institute of Statistics and Censuses (Indec).
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The rental prices of departments in the Buenos aires city In January, they registered increases of between 6.4% and 16.7% monthly, depending on the location and number of environments, according to the survey released by the Scalabrini Ortiz Center for Economic and Social Studies (CESO).
The report indicated that the increases compared to October values were 12% in single-room apartments, 6.4% for two-room apartments and 16.7% in three-room apartments.
The monthly increases were lower than those of December 2023 in the case of two- and three-room apartments, which then had increases of 7.1% and 23.7%, respectively, but greater for single-room apartments, than in the month last year they recorded increases of 11.1%.
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The entity indicated that the accumulated increases in the last twelve months were 305.8% for Buenos Aires studio apartments, 337.5% for two-bedroom units and 316.7% for three-bedroom units, in all cases exceeding inflation. year-on-year, which as of December amounted to 211.4%, according to the National Institute of Statistics and Censuses (Indec).
He also specified that the average of the studio apartments offered in the city is $280,000, so the Minimum Living and Mobile Wage, which in January is $156,000, is enough to cover 55.71% of a rental, a coverage lower than the from 62.40% of the previous month.
On the other hand, the median of the offers of Two-room apartments are $350,000 and three-room apartments are $500,000.; with a coverage of the minimum wage of 44.57% and 31.20%, lower than those of November, when the coverage was 52% and 33.19% respectively.
“The values expressed above do not include expenses, which reach on average 9.7% of the cost of the offer price of a rental,” the entity added.
The CESO highlighted that “in each category, prices vary depending on other characteristics (such as age, whether it has a garage, etc.) and its environment (infrastructure, availability of transportation, proximity to shopping centers, among others).”
The CESO highlighted that “in the city of Buenos Aires, high prices prevent a large part of the population from renting even an average studio apartment, pushing them towards areas with lower quality infrastructure and services.”
Source: Ambito
