The rentals increase and tenants face difficulties in making payments. According to a recent survey, since the DNU came into effect that ended the rental law, prices have increased sharply above the inflation.
The data arose from the report prepared by Inquilinos Agrupados, based on data from the INDEC, where they observed that in Greater Buenos Aires The accumulated inflation in 2024 was 104.7% while the rents increased 186.2%. The properties of two environments increased the most, followed by the three environments.
A three-bedroom in GBA costs an average of $600,000
He rent of the offer of standard used apartments without amenities, costs an average of $601,300 for three-room units, while one-bedroom apartments reached an average of $435,500 at the end of September.
The increase figures for apartments used in the main localities of the Greater Buenos Aires They are shown in line with what the City of Buenos Aires has been showing, where two-room apartments exceeded 184.5% increase in the last 12 months and three-room apartments 174.2%.
The situation of tenants is complicated and increasingly precarious. 62% of renter households declared income below the poverty line. In addition, almost 40% allocate more than half of their income to paying rent (six percentage points more than last year), 60% are behind with the payment of basic household services and the number of households increased who went into debt to be able to pay the rent. These data correspond to the tenant survey carried out by Acij, Cels, Conicet, Ceur, Idaes-Unsam, the Romualdo Ardissone Geography Institute (UBA) and Contested Territories.
The total cost of services increased by 374% since last December, mainly explained by the updates to transportation, electricity, water and gas rates, which directly impacted the pockets of Argentines.
Overcrowding, a problem that is getting worse
One in three renter households (36%) live in overcrowded conditions. Among those below the poverty line, this happens in one in two (55%). Most of the homes have one (27%) and two (42%) rooms, while tenant households tend to have two (22%) or three people (25%).
Those who defined their rent In 2024, the majority agreed to formal or informal arrangements for two years (37%), while 41% of those who signed before 2024 still have contracts for three years.
The survey also highlights that the expectations of those who rent worsened as the proportion of households that believe they will have to terminate their contract early or will not be able to renew increased (33%). 42% expect the rental market situation to worsen and 22% expect it to continue “just as bad.”
Furthermore, the percentage of people who believe that their next home will be similar or worse than their current one increases, while the percentage of those who expect it to be better decreases. Finally, the majority (43%) believe that in 5 years they will continue renting or even do not know if they will have a place to live (24%).
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
