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In CABA: Which are the cheapest and most expensive neighborhoods to rent a used 2-bedroom apartment - La Nacion Propiedades
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En CABA: cuáles son los barrios más baratos y más caros para alquilar un departamento de 3 ambientes usado
Las unidades de tres ambientes usadas superaron los $487.500 en la ciudad de Buenos Aires; las zonas más caras y más baratas para alquilar
www.lanacion.com.ar
June 21, 2024
The used two-bedroom units exceeded $487,500 in the city of Buenos Aires; the most expensive and cheapest areas to rent.
The 5 cheapest and most expensive neighborhoods to rent a 3-room apartment in the city
Following the repeal of the rental law on December 29, 2023 , the rental market in Buenos Aires experienced a notable slowdown in listing values for the fourth consecutive month. From which, three contract models currently coexist : those of the first law, those of the October 2023 modification and those of free agreement between the parties under the Civil and Commercial Code by the DNU .
Although the year-on-year figures remain high, rent increases are already below the general inflation accumulated in April , which was 321.6%, with a year-on-year inflation of 289.4%. According to a Real Estate Report survey, used apartments showed an increase of 285.68% in one-bedroom apartments and 292.76% in two-bedroom apartments during the same period. In May, the average value for two-room apartments used in Buenos Aires was $367,442, while three-room units exceeded $487,500.
This real decrease in values is due to a strong increase in the supply of rental units for housing, with an increase of 166% since December , according to data from the city's Real Estate College. “The deregulation of rents allowed the sector to regain vitality,” says Diego Frangella, president of the entity. Homeowners are eager to occupy their homes, resulting in properties that were once booked quickly now staying for weeks on the same listing sites and showing up at any time of the day to secure a contract.
Published apartment prices increase below inflation
The cheapest neighborhoods to rent a used 2-bedroom apartment
- Constitution: $352,000
- New Pompeii: $356,665
- Forest: $385,000
- Flowers: $396,429
- Congress: $398,335
The most expensive neighborhoods to rent a used 2-bedroom apartment
- Recoleta: $745,000
- Palermo: $686,665
- Las Cañitas: $674,500
- Núñez: $650,000
- Belgrano R: $628,570
The Constitución neighborhood is presented as the most economical option to get an apartment
The differences between renting a used or brand new apartment
The difference between renting a used apartment and a new one is significant . New properties generally have a higher rental cost due to their better construction conditions and are usually more modern. In contrast, used apartments, although cheaper, may require higher maintenance and repair expenses on the part of the tenant. “This difference is usually between 10% and 15%,” says Daniel Bryn, creator of the real estate monitor Invertire, and adds that today there is not that much difference between both types of properties. “Today the point of disparity is that those that are brand new tend to have a plus: a SUM, a grill, space for bicycles, and that is what gives a little more added value to the rental ,” he maintains.However, with the recent slowdown in rent growth, used apartments present a more affordable option for those seeking financial stability without sacrificing location .
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