Updated 05/07/2021 12:04
The rental law, which was
intended to defend tenants
, ended up generating
fear among many of the owners
, who preferred to withdraw their properties from the rental market or, directly, raise prices by about 55% in the City of Buenos Aires, much
for above the salary increase.
Controls over a market that had been rising below inflation
And on Thursday a new "noise" was added to the market, when the government suggested that
a tax could be imposed on empty apartments
The Minister of Territorial Development and Habitat,
, affirmed that one of the possible solutions to the increases in house rental prices is the
implementation by local jurisdictions of "a high tax on those who have an idle home.
Although Ferraresi avoided commenting on the law and only pointed out that "it is
very difficult to apply
because four ministries are involved."
He also pointed out that "it is very complex to apply public policies on an issue in which tenant associations speak of about 4 million and
in AFIP there are only 193,000 registered
The mandatory registration of contracts with the AFIP was one of the last measures that the Government also applied with the goal of having control over the sector.
While they put pressure on the sector,
the Government is trying to get those who have dollars stored under the mattress to launder them
to invest, precisely, in the construction sector.
"On the one hand, they draw up a money laundering law aimed at investment in construction and, on the other, they
with this type of statements
and affirmations. Expectation and reliability are essential to encourage investment," says
, head of the
Real Estate Report
"When 99.99% of the supply of rental housing is private, what is required is to sustain and encourage that offer to grow, but
it operates with another manual
, one that experience has already shown does
not give results for anyone
Not even in the short term for the tenant, "he added.
Argentine Real Estate Chamber
, they preferred to wait for concrete measures to be announced.
, its owner, said that "the opinion of the chamber, according to what we have heard from the public, is that any measure that serves to preserve private property and improve the situation of tenants will be well considered and the we will listen. We have no notification of concrete measures for now. "
It takes 35 years of rent to recover the investment in a Buenos Aires property
Rentals: what effect could a new freeze on values cause
Rentals in GBA: For the first time, prices beat inflation