The official inflation numbers, which were 94.8% annually, have deepened the uncertainty between owners and tenants.
Renting in Argentina has become a problem
: in part,
due to the lack of a reference value
and, on the other hand,
the regulation required by the rental law.
The owners raise the rental value and are on hand in the event of a possible spike in prices.
This, in turn,
is a vicious circle because it does not allow a reference of the real value
, the market is governed by the fear of setting a value and that in a few months it will be outdated.
According to the latest report on rental prices as of January 15 prepared by the Scalabrini Ortiz Center for Economic and Social Studies (CESO),
the increases compared to December 2022 were 6.2% in studio apartments
, 2.6% for those with 2 rooms and
4.3% those with 3 rooms.
The tenants find themselves in a big problem when the contract expires,
because the indexation used during the 3 years prior to the renewal was applied to a value
, today, anachronistic.
In the city of La Plata, according to real estate agents,
“three years ago the rent for a studio apartment was around $15,000 and $17,000
, depending on the area.
Those contracts
that have ended in December 2022 have done so at a value of approximately $45,700”.
However ,
tenants who renew
, whether private or by real estate,
will find a value
, for the same apartment and in the same area of:
$62,000 to be indexed
according to what is indicated by the Index for Real Estate Lease Contracts, which according to the law, is made up of the consumer price index (CPI) and the average taxable remuneration of stable workers (Ripte).
This can be seen in other large cities in the country.
In 12 months,
the price of a studio apartment in the Federal Capital increased 102.9%
.
For those with
2 rooms the rise was 105.1%
and
100% in those with 3 rooms
.
This last data marked the crossing of a limit:
the properties of 1 and 2 rooms had already doubled their price, now those of 3 have been added.
"While renting can imply problems when it comes to obtaining guarantees or paying commissions,
the cost of rent is the first barrier to entry
," the report says.
According to CESO,
the studio apartments offered in the Federal Capital are around $69,000 on average
. If the Minimum Vital and Mobile Salary is taken into account, which
in January is $65,427
, that salary covers
94.8% of a rent
.
This ratio, which had improved at the end of 2021 and was around 104%, is
now down almost 10 percentage points compared to last year.
Meanwhile, two-bedroom apartments cost an average of $80,000 and
three-bedroom apartments are around $120,000.
In each category, prices vary depending on other characteristics such as age, garage, storage, patio, amenities and the environment.
The value of the rental is not unique, to this must be added the value of the expenses,
which reach an average of 15.3%
of the cost of the rental offer price.
"In the Autonomous City of Buenos Aires, high prices prevent a large part of the population from renting even an average studio apartment, pushing them towards areas with lower quality infrastructure and services," warn CESO.
NS
look too
December inflation was 5.1% and closed 2022 at 94.8%
Rents skyrocketed: how much are they asking now for a 2-room apartment in each neighborhood of the City
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