The average value of expenses in CABA is $111,620, while the minimum wage is $234,315. That is, 47.6% of the minimum assets.
The Expenses shot up 26.1% in May compared to March in CABA buildingswhile the private inflation projections are located in 5%. The data comes from Octopus PropTechthe platform that provides digital solutions to all people who manage or live in buildings, countries, or neighborhoods.
The average value of expenses in CABA is located at $111,620while the minimum wage is located at $234,315. That is, a 47.6% of the minimum asset.
“This year a particular situation occurred which was that in the month of February SUTERH reported a new salary scale with an adjustment that was not published in the official bulletinthus, was not approved correctly and only in mid-April was it published and made official, with retroactive adjustments to February and March. What this generates is that the adjustment in the salaries of managers that we will see in May is going to be notable and, consequently, the increase in expenses”he explained Nicolas BaccigalupoCEO of Octopus PropTech.
Expenses that make up the expenses
Within the expenses that make up the expenses of a consortiumthe main one that historically updates inexorably in line with inflation is the manager’s salary. They have a very strong union (SUTERH), which is one of the strongest in the country.
Source: Ambito
