The formula is based on the lowest indicator between the average salary variation and inflation during the semester. The indicator that is lower will be increased by 90%.
In April there will be first semiannual updates through the index of Own house for housing rental contracts signed under the modification of the law made by the Congress in October of last year and promulgated that same month by the now former president, Alberto Fernandez.
However, that modification of the rental law was very short-lived, as it was finally repealed in December with the mega DNU of Javier Milei. There it was contemplated that the increase would be semiannual instead of annual, but with a new indexing index called Own house. The prohibition of publish properties in dollars and that the agreements between parties are exclusively in national currency.
The formula is based on the lowest indicator between average salary variation and the inflation during the semester. Likewise, a limit of 0.9 is incorporated, which is equivalent to 90% of the lowest indicator.
In the month of April, the increase in this index is 52.44%. That is, if a tenant began his contract by paying $150,000 in May, he must pay $228,661
ICL: rents will increase more than 220%
According to the latest update of the Lease Contract Index (ICL), those who must update the price of their rentals in May, will do so with an increase of 221%. This applies to those tenants who must comply with the annual adjustment established by the previous law.
This way, A tenant who paid $150,000 will pay $481,477. Even so, this increase is well below the consumer price index (CPI), which the year-on-year comparison reached 287.9% in March.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
