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Expenses doubled inflation in July: How did this impact delinquency? - Ambito
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Las expensas duplicaron a la inflación en julio: ¿cómo impactó en la morosidad?
El Gobierno porteño estableció que los consorcios presenten cada factura de los gastos realizados por el consorcio.
www.ambito.com
August 8, 2024
The Buenos Aires City Government established that consortia must submit each invoice for expenses incurred by the consortium.
Expenses increased by up to 7.5%.
Expenses in CABA increased between 5.1% and 7.5% in July , while the accumulated variation was close to 100%, according to reports from Octopus PropTech and ConsorcioAbierto.com .
The average expense on buildings (not including debts) in CABA corresponding to July is $188,919 and in June it was $175,727 , so the increase was 7.5%, according to ConsorcioAbierto.com . In addition, they specified that if compared to the expense of July 2023, of $51,628, the year-on-year increase is 265.9% . Between January and July, expenses accumulate an increase of 101.6% .
For its part, the platform that provides digital solutions to all people who manage or live in buildings, country houses, or neighborhoods, Octopus PropTech, calculated that expenses in July increased by 5.1% , reaching an average of $133,087 . The accumulated figure, meanwhile, accelerated to 99.8% in 2024.
“Expenses will continue to rise due to inflation, the payment of Christmas bonuses, as well as the increased use of boilers typical of this time of year. In addition, a new 5% increase was established for building managers in July, which will impact next month's expenses , ” explained Albano Laiuppa , director of ConsorcioAbierto .
New regulations for the settlement of expenses in CABA
The Buenos Aires City Government established a new regulation on Thursday that requires the inclusion of a QR code or a hyperlink in the invoices for expenses . In this way, owners and tenants in the city of Buenos Aires will be able to see each invoice for the expenses incurred by the consortium.Although the provision had come into effect on February 23, it has only now become mandatory. The measure establishes that each item of expenditure must be detailed, such as electricity, water and gas; even repair work done in apartments and common areas and periodic maintenance tasks on elevators, water tanks and fire extinguishers.
Most consortia already have platforms that allow them to access the documentation. This resolution simplifies the method while seeking to make all expenses transparent.
Expenses: what happens with late payments?
According to Octopus PropTech, 88 % were able to cover the monthly cost of expenses in July, although it does not include accumulated debt from previous months. That is, it is about the amount collected for expenses for the period.The average expenses in buildings considering debt, which are those that include the accumulated arrears by the functional units, in CABA in July is $225,648 . In June it was $211,780 , so the increase is 6.5% . If compared to the expense of July 2023, of $67,418 , the year-on-year increase is 234.7% , estimated ConsorcioAbierto.
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