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Rentals: what can be paid with a minimum wage

2021-04-22T15:42:51.198Z


In one year, the value of a studio apartment rose 56.3%, while the minimum wage increased 28%. Natalia Muscatelli 04/22/2021 10:18 AM Clarín.com Economy Updated 04/22/2021 11:14 AM The price increases registered in rents are stark evidence that wages are losing more and more ground . A Minimum, Vital and Mobile Salary of $ 21,600 is not enough to pay the rent of an average studio in the Federal Capital, which has an average price of $ 25,000. Much less to cover expenses, services and ot


Natalia Muscatelli

04/22/2021 10:18 AM

  • Clarín.com

  • Economy

Updated 04/22/2021 11:14 AM

The price increases registered in rents are stark evidence that

wages are losing more and more ground

.

A Minimum, Vital and Mobile Salary of $ 21,600 is not enough to pay the rent of an

average studio in the Federal Capital, which has an average price of $ 25,000.

Much less to cover expenses, services and other expenses.

That rent, which arises from the monitoring of prices by the Scalabrini Ortiz Center for Economic and Social Studies (CESO), does not include

expenses, which average 19% of the rental cost.

The median of offers for two-room apartments, according to this survey, is $ 29,000 and for three-room apartments, $ 42,000.

In each category, prices vary depending on other characteristics (such as age, whether it has a garage, etc.) and its surroundings (infrastructure, availability of transport, proximity to shopping centers, among others).

Regarding price variations during April,

the increases compared to March were 4.2% in studio apartments

, 3.6% for 2-room apartments and 5% for 3-room apartments.

In the last 12 months, the cost of renting a studio apartment in the Federal Capital increased 56.3%

, according to these records.

In departments with 2 rooms the increase was

48.7% and 55.6%

in those with 3 rooms.

In this way, the increases in locations remained above the 42.6% shown by inflation during the last year.

In one year,

the minimum wage increased 28%

, from $ 16,875 which was at the beginning of last year to $ 21,600.

v 1.5

Wages vs.

prices

»Monthly variation, in percentage.

Source:

INDEC

Infographic:

Clarín

This level of raises is framed.

in addition, in the uncertainty generated in the owners by

the new rental law

that has been in force since July 2020. A situation that triggered prices due to the retraction of the supply of rental properties.

Meanwhile, the Index for Rental Contracts published daily by the Central Bank (BCRA) and which is applied from the new law, shows an increase of

23.9% between mid-July 2020 and mid-April 2021.

As explained by the CESO study, as a result of the pandemic, in April of last year the number of units published for rent dropped significantly.

However, the following months it was recomposed, remaining at normal values ​​until December 2020.

During this year, in addition, there is

a drop in the number of units published

for rent of 22.8% compared to December 2019, explained the entity.

According to the Real Estate Report surveys, there was also a significant jump in rental values ​​in the last year. 

"The average monthly price of the locations in the 13 locations analyzed on a quarterly basis by this site since June 2009 reached $

32,732

at the end of last March

for a standard used two-bedroom unit

on average while a two-

roomed unit was

listed on average.

$ 24,641 per month ".

Meanwhile, if the interannual variation is analyzed, during the last 12 months the units with 1 bedroom increased on average by 59.11% and those with 2 bedrooms by 61.01%. 

This is the highest year-on-year rate of increase in the series

that this consultancy monitors.

NE

Look also

Rentals: which are the neighborhoods that increased the most in the City

Rentals: how much will be the fines for not registering the contracts in AFIP

Source: clarin

All business articles on 2021-04-22

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