The contracts of rent that are still governed by the old law, rents will increase again in December. In this way, the tenants They will suffer increases of 208.67%.
Therefore, if, for example, a year ago $200,000 of rentin a few days they will pay $617,339.
The timeline shows that the adjustment in November was 227.3%, in October 238%, in September 243.1% and in July 244%. Despite the high prices, these numbers show that the rate of rental contracts is slowing down. The increases are calculated based on the index carried out by the Central Bank, which takes into account the variation in inflation (according to the INDEC CPI) and salaries, according to the average remuneration of stable workers (RIPTE).
Currently, the tenants who suffer strong annual increases because they are still tied to the old rental law, are trying to renegotiate with the owners or are terminating contracts, given that rental prices in the market are falling and there are many more options available than a year ago.
How much do rentals cost in CABA and GBA?
The average price of rentals in the City of Buenos Aires it rose 3.4% in October and accumulates an increase of 57% in 2024, almost half of the inflation recorded in the period (108%).
According to data from Zonaprop, a two-room apartment is rented for $524,907 per month, while a single-room apartment is rented for $440,643 per month and a three-room apartment is rented for $707,201 per month.
Puerto Madero It is positioned first in the ranking of the most expensive neighborhoods to rent, with an average price of $982,766 per month. Nunez and Palermo They complete the podium, with an average value of $592,943 per month and $588,461 per month, respectively.
For its part, in Greater Buenos Aires west-south, the average price of rentals increased 77.9% in the year, 30.9 percentage points below inflation (107%). Renting in GBA west-south is 25% cheaper than renting in GBA north and 29% below CABA.
Canning, Ezeiza and Santos Lugares are on the podium of the most expensive neighborhoods in the west-south area, with average prices of $493,625 per month, $453,819 per month and $446,723 per month, respectively.
On the other hand, the average price of rent in northern GBA it increased by 4.2%. In 2024 the increase was 70.1%. A two-bedroom apartment costs $429,845 per month, while a three-bedroom apartment has an average value of $693,430 per month.
Source: Ambito
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