Natalia Muscatelli
05/18/2021 11:11 AM
Clarín.com
Economy
Updated 05/18/2021 11:16 AM
In the convulsed rental market, the price increases that in the last year exceeded inflation, also highlighted the
wide gap
that exists between the values requested by the owners when signing a contract.
During the first quarter of the year, in the city of Buenos Aires this difference in values was
more accentuated in the segment of 3-room apartments,
where it exceeded 40%.
According to the latest report from the Buenos Aires statistical agency, in that period the appreciation of the 3-room apartments - measured by commune - presented
an amplitude of 40.4% between maximum and minimum prices
.
That is, for a property with similar characteristics and
in the same area
, the intended value was
$ 52,058 versus $ 37,080,
the cheapest.
On the other hand, for the rest of the properties, the differences were smaller:
for the 2 rooms it was 28.3%
($ 31,839 versus $ 24,808) and for
the studio apartments, 18.4%
($ 23,184 versus $ 19,580).
According to the Buenos Aires body, "all these figures reflect
an important concentration of prices
between the different communes around an average price that, simultaneously,
grew significantly," he
said.
According to these surveys, in the first quarter of the year, the increase in the price per square meter (m2) for rent in used apartments
averaged 56.3% for studio apartments, 59.4% for apartments with 2 rooms. and 65.5% for those with 3 rooms.
Other private surveys have also been showing similar variations. For example, according to the Real Estate Report measurements, the values of the apartments increased by
53.66% and 56.35% on average
for units of
2 and 3 environments respectively.
Data from the City government show that, in interannual terms, the increase in the value of rents verified a moderate increase compared to the previous quarter, of 1.8 points for those with 3 rooms, 2.5 points for those with 1 environment and a more important increase, of 5.7 points, for those with 2 environments.
These accelerations are in addition to those that occurred in the second half of 2020, that is, since the new rental law began to apply.
In this sense, the increase in prices - evaluating all units - was
much higher than the variation estimated by the Consumer Price Index
of the City of Buenos Aires (IPCBA), which, on average for January / March, reached 33 , 6% in interannual terms.
The most expensive and cheapest neighborhoods to rent
By neighborhood, the highest rents computed for
used studio apartments were found in Núñez ($ 23,581) and Palermo ($ 23,127);
while the lowest value apartments were observed in Balvanera ($ 19,418).
In the case of the used
2 rooms, the highest prices corresponded to units of Núñez ($ 33,999) followed by Saavedra ($ 32,898);
while in Montserrat ($ 24,146) the lowest average income was found.
For a used
3-room apartment, Belgrano ($ 52,163) and Villa Urquiza ($ 50,279)
were the most expensive neighborhoods;
Balvanera was positioned at the other end ($ 38,782).
Changes in rental prices are part of the validity of the National Rental Law (N ° 27,551 BO. 6/30/2020) that modified the Civil and Commercial Code of the Nation and established
new rules for
rental
contracts .
Among some of these modifications are: the
extension of the term
of the contracts
to 3 years
, the annual update based on a coefficient between the Consumer Price Index (CPI) and the Average Taxable Remuneration of Stable Workers (RIPTE ), the
obligation for the landlord to register the contract in AFIP
as well as the payment of extraordinary expenses and property taxes.
NE
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