The situation that tenants are going through is worrying. Although rental prices slowed and stock grew, it is becoming increasingly difficult to make payments.
According to a survey carried out by Grouped Tenants, currently 26.7% of tenants (1 in 4) indicated that they had to move in the last 3 months because they could not afford the rent. Of this universe, 92% have contractual conditions outside the rental law. In the month of June this situation represented 15%.
The survey also found thatThe average age of emancipation is between 26 and 30 years. There is a strong relationship between the working conditions of those under 25 years of age and the demands of the real estate market, such as, for example, salary receipts that triple the value of the rent, work seniority, etc.
What percentage of the salary does the rent payment represent?
ANDl 44.5% of the income of the tenant households surveyed is used to pay rent plus expenseswithout considering taxes and public service fees. In the case of those rentals that began after the entry into force of DNU 70/2023, the incidence of housing rental expenses in the household budget amounts to 49.8%.
In CABA the tenants with contracts started in 2024 under DNU 70/2023 pay approximately up to 35% more than those that started within the framework of the Rental Law.
As an example, in the January results for the country as a whole, tenants who responded to the questionnaire indicated that they paid an average of $121,017 for a two-bedroom home. Just two months later, the average price for a home with the same characteristics was around $161,113, which represented a 33% higher value in just two months. And, three months later, for the month of June, that average value reaches $217,424, almost 35% more than in March.
Short contracts, a trend that is gaining ground
In contracts signed based on the DNU, The 3-year term only occurs in 7.2% of cases. In contrast, the share of short rental contracts grew strongly. Those with a period of less than or equal to 1 year represent 17.1% of the cases. AND contracts between 1 and 2 years are now the most frequent, in 59.9% of cases surveyed in September.
The report also highlights that on average, 7 out of 10 tenants who signed their contracts after the decree have increases monthly or every 3-4 months. Without the Rental Law, the annual update is almost No It is presented as a possibility. 94.8% of tenants have updates to the rental price in terms equal to or less than 6 months.
Difficulties in paying rent are worrying
More than 80% of those surveyed responded that the housing situation and the evolution of their salaries/income are the main reasons for concern today.
42.2% of tenants respondents consider that will have difficulty paying rent in the coming months and 46.7% responded that perhaps they have them. Only 12% responded that they will not have difficulties.
64.6% of tenant households surveyed have debts of some kind currently. Among the responses surveyed, 5% of tenants are unemployed. The vast majority (80.3%) claim to be looking for work.
Source: Ambito
