Searches for rentals in the metropolitan area of Buenos Aires (AMBA) decreased, going from a 65% in January to 56% in Junewhile in the case of acquisitions, rose significantly, representing 41%. This is due to the appearance of the mortgage creditswhich encourages more and more families to try to buy a home.
In addition, the units for Temporary rentals reached their lowest historical percentage, 2%thus becoming those that receive the least demand.
In Greater Buenos Aires, there was a growth in the search for rentals between the period 2017 – July 2020, although from that same year CABA again had a greater share. In fact, The City currently registers 64% of demandwhile GBA north, 13% and GBA west-south, 22 percent.
Comparison by area
CABA is the area where the demand for rental advertisements is most concentrated, 19% above the AMBA average. In GBA North, the average demand per advertisement ratio is 47% below the average, while in the case of GBA West-South, the demand pressure is 14% above the average.
The latter is the only area of AMBA where searches are increasing. On the contrary, it is falling in GBA north and CABA, according to a report by Grupo QuintoAndar.
Compared to pre-pandemic levels, in May 2024, GBA North received 88% greater demand pressure, while GBA West and South received 54% more and, in contrast, CABA received 16% less.
Greater supply than demand
From the Repeal of the Rental Lawsupply appears to have expanded more than demand, which generates a decrease in demand pressure on advertisements in pesos. Apartments account for 83% of rental searches, while 17% is divided between houses and PHs.
PHs are the scarcest properties for rent in relation to the demand. In GBA north the shortage is maximum and a PH advert receives 2.9 times more visits than an apartment. However, in the year-on-year comparison, in all districts the demand for PHs falls and the demand for houses increases.
In CABA and GBA West and South, a similar preference structure is recorded, with a maximum demand for studio apartments that decreases towards the larger units. This represents a change in GBA West and South, when a year ago the units with the highest demand were those with two rooms. In GBA North, the demand pressure is highest on two-room units.
In the year-on-year comparison, CABA registers greater demand pressure for three- and four-room units, while GBA North presents a decrease in demand for one-room and three-room units.
Source: Ambito
