He housing cost In the City of Buenos Aires it has accumulated an increase of 133.4% so far this year, and in interannual terms, the increase was 221.1%, both higher than the general inflation rates.
This is clear from a report by the Ccenter of Metropolitan Studies (CEM) called IV Housing Monitor in the City of Buenos Aires.
“After the repeal of the Rental Law, The supply of rental properties initially increased by 14%, but then it fell about 8% in July, stabilizing around 20,000 units in recent months,” the survey indicated.
Regarding prices, the value of the square meter for rent registered a drop of 2.3% in the last report, although the cumulative figure for the semester shows an increase of 22.5%.
In contrast, the value of the square meter for sale experienced a slight decrease of 0.8% after several months of increase.
Rentals: in September almost 3 minimum wages were needed to cover the rent
“The situation remains critical for those who rent: In September, 2.88 minimum wages were needed to cover the rent of a two-room apartment, not counting expenses,” the report stated.
A stable supply is observed in the distribution of properties according to the number of rooms in the city. Unlike the buying and selling market, 2-room units predominate in rentals, representing almost 40% of the offer.
Together with studio apartments, they make up more than 70% of the offer in half of the city’s neighborhoods.
However, in the neighborhoods of Villa Lugano and Villa Soldati, 3-room properties represent more than 50% of the offer.
For your partthe Airbnb market showed the third month with the highest occupancy of the year in September, but the average value of rates fell 5.5% compared to August, after the peak of the winter season.
Besides, The gap between earnings from an Airbnb rental and a permanent rental has been cut in half compared to July.
Source: Ambito
