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Rentals: how much does a one-bedroom apartment cost, neighborhood by neighborhood, in the city of Buenos Aires - La Nacion Propiedades
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www.lanacion.com.ar
August 15, 2024
Prices of apartments published on real estate portals continue to rise
Prices of apartments for rent published on real estate portals continue to rise Daniel Karp
Rental prices for properties published on real estate sites in the City of Buenos Aires registered an increase in the publication value of 3.3% in July , breaking with the sharp slowdown seen in previous months, according to the index published every month by Zonaprop .
This phenomenon occurs in a context marked by the validity of the Decree of Necessity and Urgency (DNU) promoted by President Javier Milei in December, a set of measures that marked a radical change in the regulation in the real estate market due to the repeal of the rental law , and which is currently under discussion.
In turn, the rental offer exceeded 200% so far this year . “After reaching historic lows in February 2023, new increases in the supply of apartments for rent are recorded , especially from December 2023 onwards,” says Leandro Molina, director of the real estate portal .
New rental contracts have accumulated a price increase of 163.7% in the last 12 months , advancing below inflation ( 271.5 %, taking the latest data from June) and above the ICL adjustment (244.4%). The latter is the index by which the contracts signed under the law repealed by the DNU in July were adjusted annually.
The repeal of the rental law (27,551), approved in July 2020 and subsequently modified in October 2023, has allowed that from now on, freedom between the parties prevails in the negotiation of crucial points in rental contracts. The key for both parties, landlords and tenants, is to reach written agreements on these points, as well as any other relevant aspects, in order to prevent possible conflicts in the future.
Rents published in the city of Buenos Aires continue to rise Fabian Marelli
In numbers, the average rent for a studio apartment in the city is $397,171 per month , a one-bedroom apartment can be rented for $464,742 , while a two-bedroom apartment can be rented for $628,168, according to Zonaprop .
Regarding profitability, it decreased in July. The rent/price ratio is 4.24% annually. Today, 23.6 years of rent are needed to recover the investment, 23.5% more than what was required a year ago. Lugano and La Boca remain the best neighborhoods for investors looking for income , with an average return of 6.4% and 5.6%, respectively. While Puerto Madero (3.4%), Palermo (3.5%) and Belgrano (3.6%) are the ones that generate the lowest profitability.
In this case, Puerto Madero occupies first place as the most expensive neighborhood , with an average price of around $958,337 per month , while on the other hand, Lugano is located as the cheapest with $303,133 per month .
Belgrano is among the most expensive neighborhoods to rent, with an average rent of $505,424 - Fabian Marelli - THE NATION
The neighborhood with the highest year-on-year increase is Puerto Madero Image Point Fr - Shutterstock
As for the year-on-year increase, the neighborhoods that showed the greatest rise were Puerto Madero, Mataderos and Parque Avellaneda, with an increase in the last 12 months of 230%, 212.8% and 209.7%, respectively.
On the other hand, Palermo, Villa Urquiza and Retiro are the neighborhoods where rents increased by 134.7%, 134.2% and 117.2% respectively. A fact to keep in mind is that, in addition to being the neighborhoods that showed a smaller variation in prices compared to the rest of the areas , they are also below the inflation rate in the last year, which was 271.5 % in June (last report).
www.buysellba.com
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Alquileres: cuánto cuesta un departamento de dos ambientes, barrio por barrio, en la ciudad de Buenos Aires
Los precios de los departamentos publicados en los portales inmobiliarios continúan en alza
www.lanacion.com.ar
August 15, 2024
Prices of apartments published on real estate portals continue to rise
Prices of apartments for rent published on real estate portals continue to rise Daniel Karp
Rental prices for properties published on real estate sites in the City of Buenos Aires registered an increase in the publication value of 3.3% in July , breaking with the sharp slowdown seen in previous months, according to the index published every month by Zonaprop .
This phenomenon occurs in a context marked by the validity of the Decree of Necessity and Urgency (DNU) promoted by President Javier Milei in December, a set of measures that marked a radical change in the regulation in the real estate market due to the repeal of the rental law , and which is currently under discussion.
In turn, the rental offer exceeded 200% so far this year . “After reaching historic lows in February 2023, new increases in the supply of apartments for rent are recorded , especially from December 2023 onwards,” says Leandro Molina, director of the real estate portal .
New rental contracts have accumulated a price increase of 163.7% in the last 12 months , advancing below inflation ( 271.5 %, taking the latest data from June) and above the ICL adjustment (244.4%). The latter is the index by which the contracts signed under the law repealed by the DNU in July were adjusted annually.
The repeal of the rental law (27,551), approved in July 2020 and subsequently modified in October 2023, has allowed that from now on, freedom between the parties prevails in the negotiation of crucial points in rental contracts. The key for both parties, landlords and tenants, is to reach written agreements on these points, as well as any other relevant aspects, in order to prevent possible conflicts in the future.
Rents published in the city of Buenos Aires continue to rise Fabian Marelli
In numbers, the average rent for a studio apartment in the city is $397,171 per month , a one-bedroom apartment can be rented for $464,742 , while a two-bedroom apartment can be rented for $628,168, according to Zonaprop .
Regarding profitability, it decreased in July. The rent/price ratio is 4.24% annually. Today, 23.6 years of rent are needed to recover the investment, 23.5% more than what was required a year ago. Lugano and La Boca remain the best neighborhoods for investors looking for income , with an average return of 6.4% and 5.6%, respectively. While Puerto Madero (3.4%), Palermo (3.5%) and Belgrano (3.6%) are the ones that generate the lowest profitability.
The most expensive and cheapest neighborhoods to rent a two-room apartment in CABA
Depending on the area in which the properties are located, apartment prices vary: the real estate portal provides the average monthly prices for apartments in the different neighborhoods of the city, using two-room units as a concrete example.In this case, Puerto Madero occupies first place as the most expensive neighborhood , with an average price of around $958,337 per month , while on the other hand, Lugano is located as the cheapest with $303,133 per month .
The neighborhoods with the most expensive one-bedroom rentals
- Puerto Madero: $958,337
- Palermo: $530,763
- Nuñez: $517,793
- Colegiales: $506,597
- Belgrano: $505,424
Belgrano is among the most expensive neighborhoods to rent, with an average rent of $505,424 - Fabian Marelli - THE NATION
Prices for one-bedroom apartments in the most affordable neighborhoods
- Lugano: $303,133
- Floresta: $378,778
- Mataderos: $386,085
- Liniers: $394,111
- Parque Avellaneda: $400,421
Intermediate rental rates for one-bedroom apartments
- Villa Urquiza: $489,756
- Paternal: $456,737
- Chacabuco Park: $440,061
- San Nicolas: $432,086
- Constitucion: $417,294
The neighborhood with the highest year-on-year increase is Puerto Madero Image Point Fr - Shutterstock
As for the year-on-year increase, the neighborhoods that showed the greatest rise were Puerto Madero, Mataderos and Parque Avellaneda, with an increase in the last 12 months of 230%, 212.8% and 209.7%, respectively.
On the other hand, Palermo, Villa Urquiza and Retiro are the neighborhoods where rents increased by 134.7%, 134.2% and 117.2% respectively. A fact to keep in mind is that, in addition to being the neighborhoods that showed a smaller variation in prices compared to the rest of the areas , they are also below the inflation rate in the last year, which was 271.5 % in June (last report).
www.buysellba.com
