The offer of smaller departments (monoenvironment or two environments) to rent was the one that most grew in the real estate market of the City of Buenos Aires for 2024according to a report by the Institute of Statistics and Census of Buenos Aires (IDECBA).
After the repeal of the rental law in December 2023, there was a noticeable rise nationwide of the number of real estate available in search of tenants. In the Buenos Aires field, The report indicated that “the dynamics of the units offered for 2024 It was characterized by a higher growth rate of smaller departments. “
In this regard, he said that, “if compared to the composition of the offer a year ago, Published monoenants passed from a quarter to a third of the total and, together with the 2 environments, increased their proportion 10.6 points percentage (from 64.8% to 75.4%) “.
In this way, in the distribution of departments published to rent in the four quarter of 2024, the Mono -environment offer rose to 32.2% compared to 25.3% of the same period of 2023, while that of two environments climbed from 39.5% to 43.2%.
While three environments real estate together with those of 4 and 5 environments exhibited a reduction in market share.
The offers in dollars lost their participation
At the same time, the survey reflected that the dollar offers lost ground compared to those published in pesos indicating that “if the units offered in both dollars and pesos are analyzed globally, the former constituted a fifth of the total stock.”
In this regard, he contributed that “evaluated in context, it is the lowest guinea pigism of the last two and a half years, and significantly lower than 66.5% maximum they represented in the 3rd. 2023 “quarter.
What happened to the price of real estate
In rELATION TO PROPERTY PRICES, The report showed that in the last quarter of last year “U was observedn year -on -year increase in the published price of the Square Metro for rent of used departments which averaged 58.6% for the monoambientes, 57.6% for the units of 2 environments and 64.0% for the departments of 3 environments. “The intertramestral rises, meanwhile, ranged between 9.4% and 11, 1% and were below the records of the previous period.
With the aforementioned variations, it was detailed that “the average valuations of the base units reached $ 361,749 (1 environment), $ 492,805 (2 environments) and $ 761,773 (3 environments)”, pointing out that “l lto deceleration in the interannual trajectory of rentals He reached his fourth next quarter, after more than two years of intense growth. “
In addition, it was evidenced that the average year -on -year increase in the publication value of the used departments rents was lower than the variation estimated by the consumer price index of the City of Buenos Aires (IPCBA) that, on average for October/December, December, reached 168.3% in interannual terms.
Source: Ambito
