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Neighborhood by neighborhood: how much does it cost to rent a two-bedroom apartment in CABA - Infobae
Source:
www.infobae.com
August 07, 2024
Which areas experienced the largest and smallest increases in rental prices for homes with two bedrooms?
By Jose Luis Cieri
A two-bedroom apartment in CABA averages between $550,000 and $600,000 per month
Since the Government issued the DNU that repealed the Rental Law, a gradual increase in the presence of three-room apartments in the housing supply of the city of Buenos Aires has been observed. According to Reporte Inmobiliario, the greatest growth in supply compared to June 2023 was recorded in three-room apartments, which expanded their rental proposals by 350% year-on-year.
And several analyses confirmed that three-room apartments in CABA average between $550,000 and $600,000 per month, making it very difficult for tenants to meet the costs of maintaining their home, in addition to other fixed costs that have increased sharply in the last 18 months. Inflation only began to fall sharply 60 days ago compared to last April.
Since the DNU came into effect, the supply of rental properties for all types of housing has skyrocketed and the demand for three-room apartments by the middle class remains sustained, despite being more expensive compared to smaller apartments.
Patricio Bedetti , from Patricio Bedetti Servicios Inmobiliarios, told Infobae that “traditional two-year contracts are in fashion. As for changes in contractual conditions, the quarterly or four-monthly adjustment stands out, as well as the possibility of agreeing in the case of a sale that the tenant accepts this condition, thus taking properties off the market. In addition, in several cases the possibility of terminating the contract early without the application of the fine or compensation that was the responsibility of the tenant in the event of wanting to leave the property before the expiration of the contract is agreed.”
Nowadays, almost all transactions are carried out through a surety or surety bond company, relegating the old proprietary guarantee of other times.
Under the previous Rental Law, which provided for three-year contracts with annual updates, owners had two options: get ahead of the depreciation by imposing very high prices or suspend rentals due to poor profitability, according to the sector.
Jorge Manikis , from MKS Properties, said that, “the supply of rental properties began to grow significantly. This increase is due in part to the greater flexibility that the DNU allows in rental contracts in terms of terms, updating, conditions and the free negotiation of conditions between the parties.”
Agreements are usually made with quarterly and four-monthly adjustments through the Consumer Price Index (CPI) or the Rental Contract Index (ICL). Short contracts of 6 or 12 months duration are also proliferating by owners who want to sell their property through the new UVA mortgage loans.
“For tenants, the situation has become more difficult, with greater difficulty in finding affordable rents and with increases that often exceed their income. In addition, the guarantee requirements are more demanding,” added Manikis.
“In fact, both parties have adapted to the new modalities, since their application is convenient for both owners and tenants, facilitating the relationship between them and, in most cases, lowering costs or raising them below inflation. It is important to highlight that as supply increases exponentially, new entrants to the market do so at very competitive prices, and even correcting them downwards in some cases,” added Bedetti.
The luminous ones are among the most preferred by demand
In addition, several contracts are being renegotiated, as tenants are finding it convenient to re-rent properties that have recently entered the market, due to the significant price difference.
Greater flexibility and room for negotiation in contracts was observed. The elimination of notice periods and the possibility of terminating the contract at any point in its term also influenced market dynamics. However, this also entails greater difficulties for tenants in terms of costs and conditions.
Nunez: $766,600.
Colegiales: $764,000.
Palermo: $721,600.
Belgrano: $719,700.
Villa Urquiza: $713,300.
Saavedra: $709,700.
Villa Ortúzar: $709,700.
Recoleta: $693,100.
San Telmo: $690,700.
Chacarita: $682,400.
Villa Pueyrredón: $672,000.
Chacabuco Park: $652,100.
Villa Devoto: $650,800.
Withdrawal: $642,200.
Horse: $639,400.
Villa Crespo: $637,600.
Park Village: $629,000.
Almagro: $625,000.
Boedo: $619,800.
San Cristobal: $616,700.
Santa Rita: $596,900.
Montserrat: $578,200.
Liniers: $578,000.
Barracas: $576,300.
Villa Gral. Mitre: $568,600.
Flores: $557,700.
Velez Sarsfield: $552,200.
San Nicolas: $544,700.
Balvanera: $541,800.
Constitution: $525,300.
Floresta: $516,600.
Mataderos: $485,100.
Lugano: $429,000.
Source:
Barrio por barrio: cuánto vale alquilar un departamento de tres ambientes en CABA
Cuáles son las zonas que experimentaron mayores y menores incrementos en los precios de locación para viviendas que tienen dos dormitorios
www.infobae.com
August 07, 2024
Which areas experienced the largest and smallest increases in rental prices for homes with two bedrooms?
By Jose Luis Cieri
A two-bedroom apartment in CABA averages between $550,000 and $600,000 per month
Since the Government issued the DNU that repealed the Rental Law, a gradual increase in the presence of three-room apartments in the housing supply of the city of Buenos Aires has been observed. According to Reporte Inmobiliario, the greatest growth in supply compared to June 2023 was recorded in three-room apartments, which expanded their rental proposals by 350% year-on-year.
And several analyses confirmed that three-room apartments in CABA average between $550,000 and $600,000 per month, making it very difficult for tenants to meet the costs of maintaining their home, in addition to other fixed costs that have increased sharply in the last 18 months. Inflation only began to fall sharply 60 days ago compared to last April.
Since the DNU came into effect, the supply of rental properties for all types of housing has skyrocketed and the demand for three-room apartments by the middle class remains sustained, despite being more expensive compared to smaller apartments.
Patricio Bedetti , from Patricio Bedetti Servicios Inmobiliarios, told Infobae that “traditional two-year contracts are in fashion. As for changes in contractual conditions, the quarterly or four-monthly adjustment stands out, as well as the possibility of agreeing in the case of a sale that the tenant accepts this condition, thus taking properties off the market. In addition, in several cases the possibility of terminating the contract early without the application of the fine or compensation that was the responsibility of the tenant in the event of wanting to leave the property before the expiration of the contract is agreed.”
Nowadays, almost all transactions are carried out through a surety or surety bond company, relegating the old proprietary guarantee of other times.
Under the previous Rental Law, which provided for three-year contracts with annual updates, owners had two options: get ahead of the depreciation by imposing very high prices or suspend rentals due to poor profitability, according to the sector.
Jorge Manikis , from MKS Properties, said that, “the supply of rental properties began to grow significantly. This increase is due in part to the greater flexibility that the DNU allows in rental contracts in terms of terms, updating, conditions and the free negotiation of conditions between the parties.”
Agreements are usually made with quarterly and four-monthly adjustments through the Consumer Price Index (CPI) or the Rental Contract Index (ICL). Short contracts of 6 or 12 months duration are also proliferating by owners who want to sell their property through the new UVA mortgage loans.
“For tenants, the situation has become more difficult, with greater difficulty in finding affordable rents and with increases that often exceed their income. In addition, the guarantee requirements are more demanding,” added Manikis.
Demand and regulation
As for adjustments, the market is ordered by supply and demand. As a side note, the ICL is outperforming the CPI in the latest estimates, due to the fact that the salaries of several workers are beginning to outperform inflation in recent months.“In fact, both parties have adapted to the new modalities, since their application is convenient for both owners and tenants, facilitating the relationship between them and, in most cases, lowering costs or raising them below inflation. It is important to highlight that as supply increases exponentially, new entrants to the market do so at very competitive prices, and even correcting them downwards in some cases,” added Bedetti.
The luminous ones are among the most preferred by demand
In addition, several contracts are being renegotiated, as tenants are finding it convenient to re-rent properties that have recently entered the market, due to the significant price difference.
Greater flexibility and room for negotiation in contracts was observed. The elimination of notice periods and the possibility of terminating the contract at any point in its term also influenced market dynamics. However, this also entails greater difficulties for tenants in terms of costs and conditions.
Prices
Below are the average rental prices in pesos for three-room apartments measuring 73 m2, according to Zonaprop:Nunez: $766,600.
Colegiales: $764,000.
Palermo: $721,600.
Belgrano: $719,700.
Villa Urquiza: $713,300.
Saavedra: $709,700.
Villa Ortúzar: $709,700.
Recoleta: $693,100.
San Telmo: $690,700.
Chacarita: $682,400.
Villa Pueyrredón: $672,000.
Chacabuco Park: $652,100.
Villa Devoto: $650,800.
Withdrawal: $642,200.
Horse: $639,400.
Villa Crespo: $637,600.
Park Village: $629,000.
Almagro: $625,000.
Boedo: $619,800.
San Cristobal: $616,700.
Santa Rita: $596,900.
Montserrat: $578,200.
Liniers: $578,000.
Barracas: $576,300.
Villa Gral. Mitre: $568,600.
Flores: $557,700.
Velez Sarsfield: $552,200.
San Nicolas: $544,700.
Balvanera: $541,800.
Constitution: $525,300.
Floresta: $516,600.
Mataderos: $485,100.
Lugano: $429,000.
