Entering a rental in the City of Buenos Aires becomes more and more expensive.
Tenant families trying to initiate a lease continue to find themselves with
diminished supply
, and
skyrocketing prices
.
According to a survey of the real estate portal Zonaprop, carried out based on
published notices
, during the year
2022
the cost of rentals in the Capital increased an average of
98.2%
.
In other words, the owners are now asking for
almost twice
as much as a year ago.
Rents, thus, rose in the last 12 months even
above
general inflation (which, with 94.8% per year, was the highest in three decades).
In addition, according to the report, in the last
24 months
rental values rose 203%: they
tripled
.
Beyond the constant debate on the causes of the phenomenon, and on the role of the new Rental Law, the concrete thing is that
a new price map
was formed that is key for all parties to know.
What is paid today to enter a rental is almost double what it was a year ago.
Photo: German Garcia Adrasti.
The new map of rental values in the City of Buenos Aires
Currently, for the rental of a
studio
in Capital they are asking
$77,899
per month, which applies only for the
first year
, since then the contract must have adjustments every 12 months based on an official index.
For a
two-room
apartment , if a year ago they required $46,890 per month, that amount has already risen to
$92,941
.
And renting a
three-room
unit is now worth around
$125,664
per month, always according to the Zonaprop records that
Clarín
accessed .
Now, all these are
averages
, but the truth is that from neighborhood to neighborhood there are very important differences, both in prices and in
the variation they suffered
.
In certain areas, in fact, rents became
less than 70% more
expensive in 2022, while in others up to
132%
.
The cheapest and most expensive areas of Buenos Aires today to rent a 2-room apartment
Considering a
two-room
apartment with a balcony, with a surface area of 50 square meters, the report showed that the most expensive Buenos Aires neighborhood to rent is by far
Puerto Madero
, where the average price came to be
$180,448 per month
.
Among the most expensive neighborhoods to rent a similar property,
Palermo
with
$111,656 per month appears next
,
Núñez
with
$106,790
,
Recoleta
with
$102,965
and
Colegiales
with
$102,179
.
As examples of an
intermediate
price level, neighborhoods such as
Villa Pueyrredón
(
$92,473
per month), Villa Gral Miter ($92,462), Monte Castro ($89,038), San Cristobal ($86,905) and
Parque Chacabuco
(
$85,518
) are now mentioned.
.
While the
cheapest
districts of Buenos Aires to rent are currently
Floresta
(
$71,940
per month),
Liniers
(
$73,056
),
Barracas
(
$73,389
), San Nicolás ($73,821), Monserrat ($74,609) and Mataderos ($75,128), according to Zonaprop.
Puerto Madero leads the price ranking and Floresta appears at the opposite end.
Photo: Martin Bonetto.
In which neighborhoods did the price of renting a 2-room apartment increase the most and in which least?
For their part, when they compare
how much the rental values varied
in each area during 2022, it emerges that the neighborhoods with the hardest increases were
Boedo
(
with an
average increase of
132% ),
La Boca
(
116%
),
Villa Crespo
(
114%
),
Villa General Miter
(
111%
) and
Palermo
(
109%
).
The
Top 10
neighborhoods with the highest increases are completed with Villa Ortúzar (109%), Recoleta (108%), San Cristóbal (107%), Retiro (104%) and Villa Urquiza (103%).
At the other extreme, the places where
the cost of renting
rose the least were
Mataderos
(
73%
),
Villa Luro
(
73%
),
Liniers
(
75%
),
Floresta
(
78%
), Parque Patricios (80%), Flores (81%) and Puerto Madero (82%), according to the report.
Renting in La Boca now costs $81,734 per month, 116% more than a year ago.
Photos: Emmanuel Fernandez.
Low supply and high demand in an uncertain scenario
Leandro Molina, commercial director of Zonaprop, explained to
Clarín
that the supply of rental properties "
has decreased notably
since the Ley de Leas came into effect", although "there are still owners who decide to turn to traditional rentals" (in instead of using their homes for temporary contracts or other businesses).
The question is
how much they are asking in exchange
now to hand over their property, as required by law, for at least
three years
and with
annual adjustments
that cannot be agreed upon in advance, but rather will be set based on an index published month by month by the Central Bank averaging the official statistics of inflation and salary increases.
"Prices have increased almost 100% in 2022. This is due to the
low supply
and
high demand
seen in the market, accompanied by a
context of high inflation
," Molina analyzed.
And he predicted: "Until there is
a clearer picture
regarding the change in law that helps the owner and the tenant,
there will be no stabilization
of prices or growth in supply in the short term."
MDG
look also
Rent increase: how much will you pay from January 2023 and how to calculate it
How to deduct rent from Income Tax: requirements and steps of the process
Rentals: after the new law, 5 key questions about the deposit and how it is returned
Rentals: what the new law says about repairs and how to act in the event of a failure or breakage in the house
How much does it cost today to move as a couple: a complete guide with all the expenses
The 8 mistakes that put your home in danger when traveling and how to avoid them