The head of the National Tenants Federation noted: “The real estate market is celebrating while the tenants of Argentina no longer know how to continue paying rents.”
Rents increased by 262.8% in 2024.
One year after the repeal of the rental law, since the National Tenants Federation They pointed out that the prices to rent in Argentina grew by 262.8% in 2024more than double inflation, which reached 117.8%, according to INDEC.
The head of the tenants’ association, Gervasio Muñozwarned about this scenario and emphasized: “The campaign against the regulation of rental prices it was for this. He real estate market is celebrating while the tenants of Argentina “We no longer know how to continue paying the rent.”.
The other side of the price increase after the repeal of the Rental Law It was a strong increase in supply due to the elimination of restrictions that required a duration and a fixed update formula in the contracts. In 2024, the supply of real estate in the City of Buenos Aires increased by 197.44%, according to an analysis carried out by the Real Estate College. That is to say, that The supply almost tripled compared to when this norm regulated the sector. 95.96% of the current offer are apartments.
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Another aspect that the repeal of the Rental Law reconfigured the market was that currently the majority of rental contracts for permanent housing are agreed in pesos, updated by CPI, while publications in dollars had reached levels close to to 70% in 2023.
How much does it cost to rent a two-room apartment?
The average price of rent rose 2.3% in December. In 2024, an increase of 64.4% was recorded, four times less than that registered in 2023 (260%) and 54 percentage points below inflation (118.1%). This is the first year since 2019 that prices have recorded a real price drop.
A two-room apartment is located in $550,450 monthlywhile a studio apartment is rented for $465,091 per month and a three-bedroom apartment, for $740,874 monthly.
Source: Ambito
