Due to the current economic context, the incidence of the coronavirus pandemic and the lack of financial tools to face the purchase of a property, 38% of the Argentine real estate and developers who participated in the survey prepared by Zonaprop assure that selling a property takes time. more than a year. In contrast, the rental of a unit, in the context of low supply and high demand in the country, takes less than 15 days (55%).
It is for this reason that rents continue to rise. For a 50 m² two-room apartment, a tenant has to pay an average of $48,680 per month, while a 70 m² three-room unit pays $67,030 per month.
In 2021, rents in the Autonomous City of Buenos Aires (CABA) accumulated a rise of 52.8%, driven largely by low supply: The current volume of ads is 15% less than in 2020 and 25% less than in 2019. Currently, for a two-room apartment with 50 m², a tenant pays an average of $48,680 per month. In January, the ad adjustment reached 3.8%, a figure that remains above inflation (3.7%) and the Index for Leasing Contracts (3.5%).
The ranking of rentals neighborhood by neighborhood:
- Madero Port ($98,752 per month)
- Nunez ($55,884 per month)
- palermo ($55,515 per month)
- Villa Urquiza ($51,312 per month)
- Chas Park ($48,462 per month)
- Villa General Miter ($46,997 per month)
- mount castro ($45,533 per month)
- forest ($40,580 per month)
- Constitution ($40,521 per month)
- Mouth ($38,591 per month)
Agronomy and Colegiales are the neighborhoods that registered the highest year-on-year increase in prices, with a rise of 68.6% and 65.5%, respectively. At the opposite extreme, San Telmo (42.7%) and Parque Chacabuco (44.8%) are the areas where the values increased the least in one year.
Lastly, the ZonaProp report indicates that the rent/price ratio rises slightly and stands at 3.16% per year. Currently, 31.7 years of rent are needed to recover the initial investment. The figure is 22% below what was required a year ago.
Source: Ambito
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