Starting a rental in the City of Buenos Aires becomes more and more difficult.
And this especially affects
families who rent
or more members, who now have to pay impressive amounts
to access adequately sized housing
According to a new study, for an apartment with
and a living room (a typical
3-room apartment ) almost
$145,000 per month
on average, to which a month's deposit, guarantee and other costs must be added upfront.
The survey, carried out by the Zonaprop portal based on
in February, detected that in the last
the cost of these rentals increased by
in Capital, while the 2 environments jumped even more:
In both cases, exceeding the last known data on general inflation (98.8%).
The data also shows that in the last
the values of a 3-room apartment accumulated increases of around
: thus, current prices are already
more than triple
those of February 2021.
Beyond the 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 .
What they are asking for rent today is more than double what it was a year ago and more than triple what it was 24 months ago.
Photo: Mario Quinteros.
The new map of rental values in the City of Buenos Aires
Currently, for the rent of a
in Capital they are asking around
per month, which applies only for the
, since then the contract must have adjustments every 12 months.
For a two - room
the amount already climbs to
And to have one more bedroom you have to add
to that amount .
apartment in CABA is $
Leandro Molina, commercial director of Zonaprop, explained to
"The demand for this typology represents 26% of the total in CABA, it is the
second most sought after
, while the most demanded is the 2-room apartment (41%)," he commented.
Beyond the debate on the causes of the phenomenon, and on the role of the new Rental Law, the truth is that a
new price map
was formed that is essential to know.
The cheapest and most expensive areas of Buenos Aires today to rent a 3-room apartment
Considering a typical
with 73.5 square meters, the report showed that the most expensive Buenos Aires neighborhood to rent is
, where the average price went to
$188,275 per month
"Puerto Madero was omitted from the analysis because its values are mostly
valued in another currency
," they clarified in Zonaprop.
After Palermo, among the most expensive neighborhoods to rent a similar property are
with $171,973 per month,
with $166,911 and Recoleta with $162,981.
At an intermediate
there are now neighborhoods such as
Villa del Parque
($143,492), Villa Luro ($140,952), Constitución ($137,287) and
Buenos Aires districts to rent a 3-room apartment in February were
), Mataderos ($116,090), San Nicolás ($120,491), Villa General Miter ($122,766), Vélez Sarsfield ($125,928) and Flores ($126,328).
Palermo heads the price ranking and Liniers appears at the opposite end.
Photo: Maxi Failla.
In which neighborhoods did the price of renting a 3-room apartment increase the most and in which least?
For their part, when they compare
the rental values have varied in the last 12 months, it emerges that the neighborhoods with the hardest increases were
), Vélez Sarsfield (124%) and Villa Ortúzar (124%).
neighborhoods with the highest annual increases are completed with
), Villa Luro (119%), Coghlan (119%), Retiro (119%) and
At the other extreme, the areas where
the cost of renting a 3-room apartment
rose the least were
), Parque Chacabuco (92%), Floresta (94%), Mataderos (95%), Monte Castro (95%), Villa General Miter (95%) and Barracas (100%), according to the report.
Constitución is the neighborhood that became more expensive to rent a 3-room apartment and now they are asking $137,287 per month.
Photo: Maxi Failla.
High demand and a collapsed supply
Experts attribute strong increases to the fact that the demand for rentals remains firm, compared to a supply of real estate that
since the Rental Law 27,551 came into force -in July 2020.
It happens that this norm forced to sign contracts of at least
in the price that cannot be agreed in advance, but are tied to an index that combines inflation and salaries.
So many owners,
with these impositions, chose to put their units up for sale, pass them on to temporary rental (Airbnb type) or give them other destinations.
And those who stayed in the market did so
the initial value.
generates higher prices in the market and
to housing," Molina summarized.
In this sense, according to a recent survey of the Statistics and Census entity of the City of Buenos Aires, only in the last year a third of the properties available for rent disappeared.
"As a reference - compared the research -, in
the apartments offered averaged
3,000 units per quarter
, even less than the set available with the outbreak of the COVID-19 pandemic and the start of Social, Preventive and Mandatory Isolation".
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