Since the repeal of the rental law In December of last year, the offer of estate increased by 189.77%, according to a report from the Statistical Observatory of the Real Estate College.
The rental value in the housing market is declining in real terms (that is, it rose less than inflation). From January to October the average drop in prices was 38.6%.
Counteroffers from tenants grow
What is curious, and which has not happened until now, is that according to the Real Estate Association, there are tenant counterofferswhich are increasingly accepted by owners.
The contracts are mostly being agreed upon for 24 months, in pesos, with quarterly adjustment and use the CPI (Consumer Price Index published by the INDEC) or ICL (Index for leasing contracts published by the BCRA).
Meanwhile, the profitability of rent for housing it is 5.62% for a contract started in January, with quarterly adjustment by CPI, (taking as reference 2-room apartments in average and MEP dollar zones). “We observed a recovery in profitability generated largely by the drop in the exchange rate. “Real estate investment is shown as a safeguard of value,” the report noted.
New increase in rents in December
The Index for ICL lease contracts published by the BCRA for the adjustments that are still governed by the law of rentals gives an increase of 208.67% in December. Therefore, if, for example, a year ago $200,000 of rentin a few days they will pay $617,339. 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).
The accumulated ICL in 2024 is 178.68%, while the CPI totals 107%.
The 6 neighborhoods with the greatest supply are Palermo, Belgrano, Recoleta, Puerto Madero, Caballito and Barrio Norte, which explain 59.75% of the total supply.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
