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An X-ray of Buenos Aires rentals: the neighborhoods that everyone wants to move to and why “tenancy” is growing - Infobae
Source:
www.infobae.com
December 10, 2024
More than 500,000 families live in a property that is not theirs, representing 36.8% of households in CABA
By Jose Luis Cieri
A couple discusses the complex choice between buying or renting a house or apartment. And while mortgage loans are back, there are people who are unable to become homeowners (Illustrative Image Infobae)
A recent private analysis offers a detailed snapshot of tenants in the city of Buenos Aires and how the trend of renting to live, known as “tenancy”, is advancing.
According to the results, 517,768 households live in a property that is not theirs , which represents 36.8% of households in Buenos Aires and 34.8% of the total population, and includes more than 1,077,000 people.
The work was carried out using Redatam, a data processing platform developed by the Economic Commission for Latin America and the Caribbean, ECLAC, which took as its source data from the expanded database of the last National Census (2022). Since this data is difficult to specify, it took two years to achieve the necessary precision to be able to adequately inform the population.
"This platform allows us to analyze in depth the distribution of tenant households in each Argentine city and opens a new window to understand the configuration of the country," Matías Araujo , a researcher at the Tejido Urbano Foundation, the entity that conducted the analysis of tenants in CABA, told Infobae.
Although mortgage loans have once again benefited thousands of people, those with low incomes still face difficulties in becoming homeowners and must pay rent. Currently, a two-room apartment in CABA is rarely available for less than $300,000 per month .
These areas, driven by the expansion of the subway network in the first decade of the 2000s, consolidated a significant stock of housing for rent.
“Specific radio stations, such as Puente Pacífico and Plaza Güemes in Palermo, or Primera Junta in Caballito, stand out for their high proportion of single-person households linked to young people, students and professionals,” Araujo added.
At a general level, there is a concentrated tenant core in communes 1 (formed by Retiro, San Nicolás, Puerto Madero, San Telmo, Monserrat and Constitución), 2 (Recoleta), 3 (Balvanera and San Cristóbal), 5 (Almagro and Boedo) and 14 (Palermo), which houses almost 40% of the tenant households in CABA, with a proportion that exceeds the average (34.8%).
“In terms of population weight, communes 4 (Barracas, La Boca, Nueva Pompeya and Parque Patricios) and 13 (Belgrano, Núñez and Colegiales) must also be considered, which spatially complement this concentration. By deepening this analysis at the census area level, we observe specific sectors where the proportion of tenant households rises to almost 83%,” Araujo added.
In Palermo, the radii are concentrated in the areas near the Puente Pacífico and Plaza Güemes, where, despite the high presence of single-person households, the population density is maintained thanks to the level of construction that is usually intended for the middle and well-off strata.
It is also necessary to highlight the exceptional features of this map. First, the increase in the size of the households of tenant families in areas such as Belgrano C and some sectors of Recoleta, which highlight a number of tenant families from the well-off sector. Second, the decrease in the size of the households that exist in the areas associated with tenements and boarding houses.
Araujo clarified: “On the contrary, in the south, tenant households are larger, mostly family-owned, and have low or medium incomes. This pattern is observed in neighbourhoods such as Constitución, Lugano and La Boca, where renting is related to popular forms of housing, from tenements and boarding houses to housing complexes such as Lugano I and II.”
An alarming aspect of the rental market is the increase in households with Unmet Basic Needs (UBN) in neighborhoods such as Flores and Constitución.
“There, the increase in the average size of homes, overcrowding and precarious housing reflect a deterioration in housing. Homes that were not previously on the market due to their poor condition are now rented out, often informally,” Araujo added.
Another notable fact is the presence of young tenants in neighborhoods such as Palermo and Recoleta, where they represent 20% of the total number of tenants and 41% of households with less than two inhabitants.
These young people face economic pressures arising from the high cost of rent, which encourages strategies such as sharing housing or looking for options in central neighborhoods with less price pressure, such as Almagro and Balvanera.
The following map sought to determine where young single-person households aged 19 to 30 live, as well as older adults who live alone or with their spouse and rent.
For the former, of the 218,240 young people who rent, they are mostly located on the main avenues of the neighborhoods of Palermo, Recoleta, Nuñez, Villa Urquiza, Villa Crespo, Almagro and Caballito.
In contrast, older adults who rent—6.4% of renting households—face particular challenges. More than 36% live alone, and two-thirds are from fragile social strata.
In neighborhoods such as Monte Castro and Constitución, rent represents a significant part of their income, limits their access to adequate housing and generates higher levels of economic and social vulnerability.
The rental market in CABA not only reflects current tensions, but also poses future challenges. The generation of older adults who are currently between 45 and 60 years old and who did not have access to their own home could become, in a decade, a critical population of vulnerable retired tenants.
"Without specific credit policies or housing programs, the current rental market is not prepared to absorb their demands, deepening the housing crisis in already hard-hit sectors," said Araujo.
Despite these challenges, census data offer a unique opportunity to analyze trends and design public policies that respond to the needs of Buenos Aires tenants.
Araujo concluded: “From the tenant population in poor neighbourhoods to the pressure of tourism in high-demand areas, the market reflects a complexity that requires urgent and sustainable interventions. The projection is alarming: the rental market is not prepared to absorb the demands of this population. The available housing does not respond to their needs and prices consume a large part of their retirement pensions, while the difficulty in reintegrating into the labour market aggravates their economic and housing fragility.”
www.buysellba.com
Source:
Radiografía de los alquileres porteños: los barrios a los que todos quieren mudarse y por qué crece la “inquilinización”
Más de 500.000 familias viven en una propiedad que no es suya, lo que representa el 36,8% de los hogares de CABA
www.infobae.com
December 10, 2024
More than 500,000 families live in a property that is not theirs, representing 36.8% of households in CABA
By Jose Luis Cieri
A couple discusses the complex choice between buying or renting a house or apartment. And while mortgage loans are back, there are people who are unable to become homeowners (Illustrative Image Infobae)
A recent private analysis offers a detailed snapshot of tenants in the city of Buenos Aires and how the trend of renting to live, known as “tenancy”, is advancing.
According to the results, 517,768 households live in a property that is not theirs , which represents 36.8% of households in Buenos Aires and 34.8% of the total population, and includes more than 1,077,000 people.
The work was carried out using Redatam, a data processing platform developed by the Economic Commission for Latin America and the Caribbean, ECLAC, which took as its source data from the expanded database of the last National Census (2022). Since this data is difficult to specify, it took two years to achieve the necessary precision to be able to adequately inform the population.
"This platform allows us to analyze in depth the distribution of tenant households in each Argentine city and opens a new window to understand the configuration of the country," Matías Araujo , a researcher at the Tejido Urbano Foundation, the entity that conducted the analysis of tenants in CABA, told Infobae.
Although mortgage loans have once again benefited thousands of people, those with low incomes still face difficulties in becoming homeowners and must pay rent. Currently, a two-room apartment in CABA is rarely available for less than $300,000 per month .
By communes
At the municipal level, the study confirmed that the neighbourhoods with the highest proportion of tenants are Palermo, Caballito and Almagro, where access to public transport and the density of services explain this concentration.These areas, driven by the expansion of the subway network in the first decade of the 2000s, consolidated a significant stock of housing for rent.
“Specific radio stations, such as Puente Pacífico and Plaza Güemes in Palermo, or Primera Junta in Caballito, stand out for their high proportion of single-person households linked to young people, students and professionals,” Araujo added.
At a general level, there is a concentrated tenant core in communes 1 (formed by Retiro, San Nicolás, Puerto Madero, San Telmo, Monserrat and Constitución), 2 (Recoleta), 3 (Balvanera and San Cristóbal), 5 (Almagro and Boedo) and 14 (Palermo), which houses almost 40% of the tenant households in CABA, with a proportion that exceeds the average (34.8%).
“In terms of population weight, communes 4 (Barracas, La Boca, Nueva Pompeya and Parque Patricios) and 13 (Belgrano, Núñez and Colegiales) must also be considered, which spatially complement this concentration. By deepening this analysis at the census area level, we observe specific sectors where the proportion of tenant households rises to almost 83%,” Araujo added.
In Palermo, the radii are concentrated in the areas near the Puente Pacífico and Plaza Güemes, where, despite the high presence of single-person households, the population density is maintained thanks to the level of construction that is usually intended for the middle and well-off strata.
It is also necessary to highlight the exceptional features of this map. First, the increase in the size of the households of tenant families in areas such as Belgrano C and some sectors of Recoleta, which highlight a number of tenant families from the well-off sector. Second, the decrease in the size of the households that exist in the areas associated with tenements and boarding houses.
By type of housing
The distribution of tenants also reflects marked geographical differences. In the north of the city, small, single-person households predominate, associated with high socioeconomic strata.Araujo clarified: “On the contrary, in the south, tenant households are larger, mostly family-owned, and have low or medium incomes. This pattern is observed in neighbourhoods such as Constitución, Lugano and La Boca, where renting is related to popular forms of housing, from tenements and boarding houses to housing complexes such as Lugano I and II.”
An alarming aspect of the rental market is the increase in households with Unmet Basic Needs (UBN) in neighborhoods such as Flores and Constitución.
“There, the increase in the average size of homes, overcrowding and precarious housing reflect a deterioration in housing. Homes that were not previously on the market due to their poor condition are now rented out, often informally,” Araujo added.
Another notable fact is the presence of young tenants in neighborhoods such as Palermo and Recoleta, where they represent 20% of the total number of tenants and 41% of households with less than two inhabitants.
These young people face economic pressures arising from the high cost of rent, which encourages strategies such as sharing housing or looking for options in central neighborhoods with less price pressure, such as Almagro and Balvanera.
The following map sought to determine where young single-person households aged 19 to 30 live, as well as older adults who live alone or with their spouse and rent.
For the former, of the 218,240 young people who rent, they are mostly located on the main avenues of the neighborhoods of Palermo, Recoleta, Nuñez, Villa Urquiza, Villa Crespo, Almagro and Caballito.
In contrast, older adults who rent—6.4% of renting households—face particular challenges. More than 36% live alone, and two-thirds are from fragile social strata.
In neighborhoods such as Monte Castro and Constitución, rent represents a significant part of their income, limits their access to adequate housing and generates higher levels of economic and social vulnerability.
The rental market in CABA not only reflects current tensions, but also poses future challenges. The generation of older adults who are currently between 45 and 60 years old and who did not have access to their own home could become, in a decade, a critical population of vulnerable retired tenants.
"Without specific credit policies or housing programs, the current rental market is not prepared to absorb their demands, deepening the housing crisis in already hard-hit sectors," said Araujo.
Despite these challenges, census data offer a unique opportunity to analyze trends and design public policies that respond to the needs of Buenos Aires tenants.
Araujo concluded: “From the tenant population in poor neighbourhoods to the pressure of tourism in high-demand areas, the market reflects a complexity that requires urgent and sustainable interventions. The projection is alarming: the rental market is not prepared to absorb the demands of this population. The available housing does not respond to their needs and prices consume a large part of their retirement pensions, while the difficulty in reintegrating into the labour market aggravates their economic and housing fragility.”
www.buysellba.com
