The average number of apartments increased 1.6% in October and houses became more expensive 1.9%. However, in the different areas there was progress of up to 5.6% in buildings and 6.1% in homes.
Apartment rentals in the Buenos Aires Metropolitan Area (AMBA) They rose 1.6% in October per square meter. This advance is made up of an increase in 2.2% in CABA, a 5.6% in West zone from Greater Buenos Aires and a 3.8% in it Southwhile the North had no variationaccording to the report of Free market and the University of Saint Andrew.
Meanwhile, houses became more expensive by 1.9% in October, with an increase of 3.2% in GBA North and a drop of 1.2% in it South. In it West the variation was 6% and in CABA of 6.1% monthly.
The inflation forecast for October is between 2.5% and 3.3%, according to the main consulting firms surveyed by Scope. In this way, the increases in departments, except in CABA and the North, were above the expected inflation and in the case of the Western zone they would almost double it. Something similar happens with the increases in housing in CABA and the West, which increased around 6%.
Increase in square meter type of department and area
Rents increased 30.4% year-on-year in CABA, while in the North GBA the increase was 37%, in the South 116.5% and the West 138.1%. However, the costs per square meter vary depending on the type of apartment being rented.
In a studio apartment the cost per m2 is $12,121 in CABA, $10,608 in the North, $8,067 in the West and $7,927 in the South. A two-bedroom has a value of $11,765, $10,376, $7,500 and $7,597, in CABA, North, West and South areas, respectively.
Meanwhile, in a three-room apartment the cost is $11,364 in CABA and the North, $6,777 in the West and $7,273 in the South. Properties with four rooms or more have a value of $12,678 in CABA, $11,933 in the North and $6,682 in the South, while in the West there is no offer.
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Top 5 neighborhoods to rent by area
In CABA, the neighborhoods most chosen to rent are Caballito, Palermo, Recoleta and Villa Urquiza, while in the North the ranking is headed by Olivos, followed by San Miguel, Villa Ballester, Martínez and Muñiz.
In the South, the tenants’ favorite neighborhoods are La Plata, Quilmes, Lanús, Wilde and Canning, while in the West the most chosen is Ramos Mejía, followed by Morón, San Justo, Moreno and Haedo.
Source: Ambito
