Since the repeal of the rental law, there was a significant increase in supply, but monthly prices do not stop growing. What costs do two-room apartments have in the City?
The Rental prices continue to rise Despite the strong growth in supply after the repeal of the rental law through a mega Decree of Necessity and Urgency (DNU) that the president promoted Javier Milei at the moment of arrival to the Pink House. In December and January, increases remained at high levels because the inflation It does not stop and, even in the first month of 2024, it broke a record.
He mega DNU repealed the rule that regulated rental contracts as well as modified the Civil and Commercial Code so that those who enter into an agreement between parties have greater “freedom“. This led to the supply of apartments published in the City of Buenos Aires (CABA) growing by 62% in January compared to the previous month.
However, prices, far from stopping growing, continue to increase. In January, rental values rose 21%the highest increase since the beginning of the surveys Zonapropin March 2012. The advance would be around the inflation of that month, since, although the exact data is not yet known, projections place the price increase between 20% and 25%.
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Rentals in CABA: how much did a two-room apartment cost in January?
In CABA (the most expensive district in Argentina) renting a two-room apartment costs an average of $405,218 per month.
As for the neighborhoods with record increases, Palermo stands out above the rest and is considered the most expensive to rent, with a monthly value of $508,160, more than half a million pesos by a unit of two environments.
Rentals in CABA: what are the 10 cheapest neighborhoods?
However, There are neighborhoods in CABA where renting a home with the same characteristics can be up to 25% cheaper and less than $350,000. These are the neighborhoods and their average prices:
- Liniers: $301,392 per month
- Slaughterhouses: $310,634 per month
- Mount Castro: $314,811 per month
- Forest: $316,520 per month
- Santa Rita: $318,991 per month
- Barracks: $329,749 per month
- Velez Sarsfield: $342,225 per month
- Constitution: $345,833 per month
- San Cristobal: $346,679 per month
Source: Ambito
