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Apartment Rental Rental supply grew by more than 150 percent year-on-year - Reporte Inmobiliario

BuySellBA

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Rental supply grew by more than 150 percent year-on-year - Reporte Inmobiliario





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Source:






July 12, 2024



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The number of 3-room apartments is 350% higher than a year ago. Survey of the rental offer of used apartments in CABA. Data for the month of June
Last June, the supply of used apartments offered in pesos, unfurnished, resumed its growth in number, experiencing an increase in the number of used units offered in all typologies surveyed, from studio apartments to the most spacious three-bedroom units.

Compared to the same month last year, the overall supply increased by 151.29% year-on-year. The largest increase in supply compared to June 2023 was in 3-room apartments, which saw their number increase by 350%. The number of 1, 2 and 4-room units increased year-on-year by 56%, 135% and 224% respectively.

The lower monthly increase in the average values of the published offer remains unchanged. The new units that are incorporated into the market do so starting from a more conservative initial price, with less advance coverage in order to counteract future inflation, leaving aside the dynamics of the last two years prior to the DNU. The possibility of shorter periodic updates and less rigid conditions than those imposed by the previous rental law produced a stabilization of the average price.

The average price of one-room units increased by 0.93% and that of two-room units by 1.61% compared to the average price for May. In the case of three- and four-room units, the average price remained unchanged.

It is clear from the data that the repeal of the rental law, which brought with it the flexibility of the guidelines and flexible adjustment periods for the initial rent, produced a positive change that is evident in a greater number of units on offer and whose average value has suffered smaller increases in relation to those experienced last year, in line, moreover, with the reduction in the current general price inflation rate.

The data arises from the comparison of the figures that Reporte Inmobiliario uses to feed its databases and that it obtains by applying new data mining technologies to all the listings available on the Internet that can be clearly identified as used apartments offered for traditional rent with prices in pesos and georeferenced.


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