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Real Estate News Rental income falls - Reporte Inmobiliario

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Rental income falls - Reporte Inmobiliario


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Source:


November 08, 2023

Rental income falls

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Despite the sharp increase in prices, profitability fell. Detail of profitability by neighborhood for used apartments in CABA
The devaluation of recent months outweighed the increase in rents and the drop in home sales values, causing a drop in the gross income of residential locations.

This arises from the comparison of the average values of the few 532 units offered for formal rental for three years in pesos, published in internet search engines that can be identified and georeferenced reliably, and their counterpart of homogeneous units offered for sale in each neighborhood. from the city.

Based on data from October 2023, the average annual gross profitability of used apartments with 1 to 4 rooms was 3.48%, while until July it exceeded 4%.

Regarding the average rental profitability at the beginning of a traditional 3-year rental contract for used units, the two rooms are the ones that provide the highest income with 4.1%, followed by the studio apartments with 3.57%. and the 3-bedroom units with 3.51%, while the largest 3-bedroom units are the ones that provide the lowest profitability with 2.75% in October 2023.

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