In this way, the interannual variation amounted to 54.5% in the case of studio apartments, 56% in units with two rooms and 50% in apartments with three rooms, the CESO detailed in a statement.
The uneven evolution shows that the prices of three-room rentals were the only ones that grew below inflation (50.9% in 2021), while those of apartments with smaller surfaces increased more than the Retail Price Index. Consumer. A similar difference exists if rental values are compared with the interannual evolution of the Rental Agreement Index (ILA), which was 50.9% on the first business day of January and 51.72% on the 24th of the same month, according to the latest Central Bank report.
Likewise, the entity directed by Andrés Asiaín indicated thate The Minimum, Vital and Mobile Salary, which since October has been set at $32,000, is enough to cover 94.1% of the rent for a one-room apartment, whose median is $34,000 according to the prices offered.
The percentages of coverage decrease as environments are incorporated and it is 82.05% in the case of those with two ($39,000 as a median) and 53.33% in those with three ($60,000). The Minimum, Vital and Mobile Salary will have an adjustment of 3.12% in February and will rise to $33,000. CESO clarified in its report that the indicated values ”do not include expenses, which reach an average of 19% of the rental cost.”
“Although renting can imply problems when it comes to obtaining guarantees or paying commissions, the cost of renting is the first – and in many cases the biggest – barrier to entry,” the entity highlighted in its report.
In this sense, he assured that “In the Autonomous City of Buenos Aires, high prices prevent a large part of the population from renting even an average studio apartment, pushing them towards areas with lower quality infrastructure and services”. On the other hand, CESO specified that the number of units offered as of January increased 1.9% compared to the same month of 2021.
Likewise, it warned that the reported values may vary in each category “depending on other characteristics (such as age, if it has a garage, etc.) and its environment (infrastructure, availability of transport, proximity to shopping centers, among others)” .
Source From: Ambito
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