The trend is increasing in lower-income sectors, while the lack of basic services is consolidated in a significant percentage of households.
While macroeconomics evaluates the positive impact of money laundering on the sale of real estatein Argentina The trend of people who do not have a own home and allocate the remuneration for salaried work to pay for rentals.
According to a study by the Civil Association for Equality and Justice (ACIJ) based on the Permanent Household Survey (EPH)18% of people in the country live in homes intended for renters, a figure that increases in the age group between 30 and 45 years (25%).
This record is even more significant in the big cities: in the last seven years, the AMBA went from 16% to 18% of tenants, the city of Buenos Aires from 29% to 36%, Great Rosary from 13% to 16%, Greater Mendoza from 19% to 25% and Greater Cordoba from 22% to 26%.
real estate property rentals
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At the same time, the report revealed that the group of those people who work or are looking for work It is more representative in renter households (68%) than in owner households (52%). Likewise, in the last three years the impact of the cost of rent on the total household income has been pronounced: 38% invest more than half of their income in paying the rentwhen in 2021 that figure was 24%.
How tenants live in Argentina
In the AMBA, a figure is pronounced that demands urgency: the 62% of tenants declared income below the poverty line in 2024. At the country level, another significant record is that the 59% of people who rent went into debt with banks, finance companies, relatives or close friends: in the last two years, the number of people in debt has grown (from 62% to 67%) who use loans to pay for their home.
As for the housing conditions, The report revealed that the 36% of tenants live in overcrowded conditionsa situation that deepens in those people who are below the poverty line (55%). Most of the homes have one (27%) and two (42%) rooms, while tenant households tend to have two (22%) or three people (25%).
While the number of people who are not behind on their rent was reduced (from 50% to 40%), the 81% of tenants stated that they had not been able to save in the last month. Another fact of the study was that, after the repeal of the Rental Lawwill predominate quarterly and quarterly rent updates (46%) above the semiannual (28%) and annual (7%), with a sustained monthly price renewal rate (14%).
Source: Ambito
