Hereal estate market was rearranged in November and the prices of rentals They had increases of up to 5.3% in AMBA. A fact worth highlighting was the strong growth in supply and negotiation in contracts: only 30% are agreed in dollars, compared to last year when that currency represented 70% of the publications.
According to the Mercado Libre report together with the University of San Andrés, Apartment rents increased monthly per m2 of 1.0%, -2.0%, 3.7% and 5.3% for CABA, GBA North, South and West, respectively.
If the interannual variations are considered (compared to November 2023), prices per m2 for renting houses at current prices registered variations of 28.4% in GBA North, 75.9% in GBA South and 110.0% in GBA West. For its part, in the apartment market, in November 2024, interannual price variations are observed in current prices per m2 of 44.3% in CABA, 46.3% in GBA North, 107.4% in GBA South Zone and 125.6% in GBA West. Although these are considerable increases, in all cases, the year-on-year increase It was below the interannual inflation of October 2024, which was 193.0%.
A fact worth highlighting in the rental market is the increase registered in the supply of apartments for rent. In this regard, in November 2024, in AMBA, the number of apartments available for rent increased 167.1%, compared to November 2023.
Rentals: which neighborhoods increased the most in price in November
According to the analysis, the largest month-on-month increase in the rental price in current pesos per m2 of apartments is in Almagro (4.6%). For its part, considering the municipalities of AMBA (excluding CABA), the largest month-on-month increase in the price of house rentals occurs in Moreno (12.5%), while in the case of apartments it occurs in Morón (8.6%).
Which are the neighborhoods that register the most searches for rent?
CABA
– Little horse
– Palermo
– Belgrano
– Recoleta
– Almagro
GBA North
– Vicente Lopez
– Pilar
– Tiger
– Saint Michael
– General San Martin
GBA SOUTH
– La Plata
– Quilmes
– Avellaneda
– Lanus
– Lomas de Zamora
GBA WEST
– The Slaughter
– Moron
– Third of February
– Dark
– Ituizango
Rentals: how contracts are updated
The majority of rental contracts for permanent housing are agreed in pesos, updated by CPI, while publications in dollars, which reached levels close to 70% in 2023, they are now mainly used for temporary rental.
Currently, rents are agreed in pesos and the indexation chosen is by CPI on a quarterly basis, according to sector surveys.
According to information from the University of San Andrés in conjunction with Mercado Libre, The percentage of apartments for rent published in dollars stood at 31.6% in November 2024, while the maximum reached was 65.7% in September 2023.
In GBA Northern Zone, the current dollarization is 43.2%, with a maximum of 68.8% registered September 2023; in GBA Western Zone, current dollarization is significantly lower, at 3.46%; and in GBA South Zone, the current percentage is 10.9%.
Source: Ambito
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