By the end of 2023, from the Real Estate Report, only 551 available units were recorded, while in the same month of 2024 the supply exceeded 7,000 rental properties.
The rental supply of used apartments in CABA exceeded 7,000 units during December. As a whole, it multiplied almost 12 times compared to the same month last year, he indicated. Real Estate Report.
In the last month of 2023, there were only 551 units available; while in January 2024 – after the repeal of the Rental Law– The supply grew rapidly, stabilizing between 5,000 and just over 6,000 units offered for rent on a monthly basis since last April. Last December the supply stood at 7,056 units.
Furthermore, the lowest monthly increase in the average values of the offer published since the second quarter of this year continues unaltered.
New offers
The new units that enter the market do so starting from a more conservative initial price and with less anticipated coverage to counteract future inflationhighlights Real Estate Report. The possibility of shorter periodic updates and less rigid conditions than those imposed by the previous rental law produced the reduction in real terms of the initial rent.
“It is evident in light of the data that the repeal of the rental law that brought with it the flexibility in the guidelines and allowed the establishment of flexible adjustment periods of the initial rent caused a positive change that is evident in a greater number of units on offer and whose average value suffers smaller increases in relation to those experienced during 2022 and 2023, in line, on the other hand, with the reduction in the current general price inflation rate,” says the consultancy, which explains that the data arises of the comparison of the figures they have in their databases.
Source: Ambito
