Rental contracts signed in September 2022 and 2023 will increase by 243.1% year-on-year. It remains very difficult for tenants to cover their rent.
Rents. September starts with new increases for tenants
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A new rise arrives rentals for September. Those who are still governed by the old rental law and therefore make annual adjustments will see an increase of 243.1%. Although this is a high figure and will impact their pockets, the increase is less than that of August when the The Lease Contracts Index (ICL) had climbed 247% annually. In this way, a tenant who paid $100,000 in August will pay $343,160 starting next month.
The timeline shows that in July the adjustment was 244.3% and in June 233%. In the previous months the updates had been 221% in May, 197.7% in April, 165.5% in March, 147.1% in February and 137.5% in January.
For their part, those tenants who closed half-yearly agreements will experience increases of 66.3% next month. This is a figure that shows the slowdown in the rentals since they rose less than the accumulated inflation of the first semester, which was around 80%.
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Tenants struggling to pay rent
Although the data on the slowdown in the Rental Contracts Index (ICL) is encouraging, it is still very difficult for tenants to cover the rent. This represents at least 45% or more of a salary.
To rent a two-room apartment, 64% of a worker’s income is required, considering the Average Taxable Remuneration of Stable Workers (RIPTE).
Meanwhile, for a studio apartment, 45% is required and for a three-room apartment, 100%, according to data from the consulting firm PxQ.
How much does it cost to rent a two-room apartment?
The stock of rentals continues to grow, as seen in recent months. The rent The average one-room apartment in the city costs $397,171 a month, a two-room apartment can be rented for $464,742, while a three-room apartment costs $628,168, according to data from Zonaprop.
Puerto Madero ranks first as the most expensive neighborhood to rent a two-room apartment with an average price of $958,337 per month. It is followed by Palermo $530,763, Núñez $517,793, Colegiales: $506,597 and Belgrano $505,424.
Meanwhile, the cheapest two-room apartments are available in Lugano for $303,133, Floresta: $378,778, Mataderos for $386,085, Liniers for $394,111 and Parque Avellaneda for $400,421.
Source: Ambito
