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Increases and inflation: Renting a 2-bedroom apartment in the northern area exceeds $245,000 - La Nación Propiedades
Source:
www.lanacion.com.ar
October 25, 2023
Rents rose above three figures so far this year
In the northern area, so far in 2023, prices have risen 122.9% and already exceed $245,000 per month for a 2-bedroom.
Access to housing becomes a more pressing challenge every day. In Greater Buenos Aires (GBA), when looking for an apartment to rent, residents face what seems to be an almost impossible task , since since the implementation of the rental law in 2020 and the changes enacted ago For a few days, prices continued to climb steadily. In the GBA region, rents often exceed $245,000 for all three environments , a figure that is unattainable for most salaried workers.
In the midst of this precarious situation, on October 11, the Chamber of Deputies approved modifications to the 2020 rental law. However, experts warn that these changes will hardly be able to reverse the trend of a market with an almost non-existent supply and constantly increasing prices.
In the GBA area, rents for 2-bedrooms exceed $245,000.
In September, only 2,337 available apartments were found in the northern GBA, according to the latest Zonaprop survey. Added to this scarce supply are the constant price increases, which rose 11.8% in September and accumulated 43.4% in the third quarter of the year, while so far in 2023, prices have risen 122%. .9% .
In the month of August, rent increases in the northern area had surpassed that of the city of Buenos Aires , marking a historical record since the beginning of the series in 2016. However, in the month of September, a change in trend was observed , as rents in the city increased by 13.5% , leaving the area behind in terms of increase.
Rents in the northern area increased by 123.6% so far this year.
On average, the cost of renting a 1-bedroom apartment in northern GBA is already $194,330 per month, while a 2-bedroom apartment reaches $245,940 per month .
Within this area, Olivos and the Nordelta gated community are the most expensive , with monthly values of $314,460 and $260,926, respectively, for 1-bedroom apartments. On the other hand, the most affordable prices are found in San Miguel ($141,878 per month), Pilar ($149,988 per month) and Muñiz ($157,135 per month) for the same type.
In the western and southern areas, where only 387 and 599 apartments were available respectively, prices experienced a notable increase of 15.1% last month , accumulating a surprising increase of 123.6% over the course of the year. In comparison with the previous year, this increase reached a significant 165.8%.
Renting a 1-bedroom apartment costs around $140,781 per month, while a 2-bedroom apartment is rented for a monthly value of $176,019.
On average, renting a 1-bedroom apartment in the northern area costs $194,330 per month, while a 2-bedroom apartment reaches $245,940 per month.
In terms of price ranking, the town of Avellaneda is ranked as the most expensive , with a monthly value of $183,409, closely followed by Wilde, with $182,507 per month, and Santos Lugares, which remains at $181,394 per month. On the other hand, the most affordable apartments are found in Merlo , with a monthly cost of $96,058, Monte Grande, which is $111,645 per month, and Moreno, with a value of $120,552 per month.
The neighborhoods of La Lonja and Belén de Escobar are the ones with the most profitability in the northern area.
The northern GBA region saw a slight decrease in real estate profitability compared to the previous month, standing at 3.2% annually. This implies that it would take 31.2 years to recover the purchase investment, which represents a decrease of 3% compared to the previous year. In this context, the areas of La Lonja and Belén de Escobar stand out with an attractive gross return of 5.8% and 5.4% respectively , which makes them attractive options for investors looking for income.
Meanwhile, in the western and southern GBA, profitability experienced a slight increase, standing at 3.3%. This means that it would take 30 years of rental to recover the purchase investment, which represents an increase of 9% compared to the previous year . In this area, the Wilde and Santos Lugares neighborhoods are emerging as the best investment options, offering an attractive gross return of 5.8% and 5.6%, respectively.
www.buyselba.com
Source:
Aumentos e inflación: alquilar un departamento de tres ambientes en zona norte supera los $245.000
Los alquileres subieron por encima de las tres cifras en lo que va del año
www.lanacion.com.ar
October 25, 2023
Rents rose above three figures so far this year
In the northern area, so far in 2023, prices have risen 122.9% and already exceed $245,000 per month for a 2-bedroom.
Access to housing becomes a more pressing challenge every day. In Greater Buenos Aires (GBA), when looking for an apartment to rent, residents face what seems to be an almost impossible task , since since the implementation of the rental law in 2020 and the changes enacted ago For a few days, prices continued to climb steadily. In the GBA region, rents often exceed $245,000 for all three environments , a figure that is unattainable for most salaried workers.
In the midst of this precarious situation, on October 11, the Chamber of Deputies approved modifications to the 2020 rental law. However, experts warn that these changes will hardly be able to reverse the trend of a market with an almost non-existent supply and constantly increasing prices.
In the GBA area, rents for 2-bedrooms exceed $245,000.
In September, only 2,337 available apartments were found in the northern GBA, according to the latest Zonaprop survey. Added to this scarce supply are the constant price increases, which rose 11.8% in September and accumulated 43.4% in the third quarter of the year, while so far in 2023, prices have risen 122%. .9% .
In the month of August, rent increases in the northern area had surpassed that of the city of Buenos Aires , marking a historical record since the beginning of the series in 2016. However, in the month of September, a change in trend was observed , as rents in the city increased by 13.5% , leaving the area behind in terms of increase.
Rents in the northern area increased by 123.6% so far this year.
On average, the cost of renting a 1-bedroom apartment in northern GBA is already $194,330 per month, while a 2-bedroom apartment reaches $245,940 per month .
Within this area, Olivos and the Nordelta gated community are the most expensive , with monthly values of $314,460 and $260,926, respectively, for 1-bedroom apartments. On the other hand, the most affordable prices are found in San Miguel ($141,878 per month), Pilar ($149,988 per month) and Muñiz ($157,135 per month) for the same type.
In the western and southern areas, where only 387 and 599 apartments were available respectively, prices experienced a notable increase of 15.1% last month , accumulating a surprising increase of 123.6% over the course of the year. In comparison with the previous year, this increase reached a significant 165.8%.
Renting a 1-bedroom apartment costs around $140,781 per month, while a 2-bedroom apartment is rented for a monthly value of $176,019.
On average, renting a 1-bedroom apartment in the northern area costs $194,330 per month, while a 2-bedroom apartment reaches $245,940 per month.
In terms of price ranking, the town of Avellaneda is ranked as the most expensive , with a monthly value of $183,409, closely followed by Wilde, with $182,507 per month, and Santos Lugares, which remains at $181,394 per month. On the other hand, the most affordable apartments are found in Merlo , with a monthly cost of $96,058, Monte Grande, which is $111,645 per month, and Moreno, with a value of $120,552 per month.
Profitability declines in northern GBA
The neighborhoods of La Lonja and Belén de Escobar are the ones with the most profitability in the northern area.
The northern GBA region saw a slight decrease in real estate profitability compared to the previous month, standing at 3.2% annually. This implies that it would take 31.2 years to recover the purchase investment, which represents a decrease of 3% compared to the previous year. In this context, the areas of La Lonja and Belén de Escobar stand out with an attractive gross return of 5.8% and 5.4% respectively , which makes them attractive options for investors looking for income.
Meanwhile, in the western and southern GBA, profitability experienced a slight increase, standing at 3.3%. This means that it would take 30 years of rental to recover the purchase investment, which represents an increase of 9% compared to the previous year . In this area, the Wilde and Santos Lugares neighborhoods are emerging as the best investment options, offering an attractive gross return of 5.8% and 5.6%, respectively.
www.buyselba.com
