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Rentals on the rise in the GBA: Supply growing post-DNU, but values increased by 260% year-on-year - Infobae
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Alquileres en ascenso en el GBA: oferta en crecimiento post DNU, pero valores aumentaron un 260% interanual
Pese a la derogación de la Ley de Alquileres, que impulsó a propietarios a regresar al alquiler tradicional y destinar sus inmuebles, los precios continúan en aumento. Cómo propietarios e inquilinos concretan los nuevos contratos
www.infobae.com
February 14, 2024
Despite the repeal of the Rental Law, which encouraged owners to return to traditional rentals and allocate their properties, prices continue to increase. How owners and tenants finalize new contracts
By José Luis Cieri
The rental offer expands after the DNU, but values persist without slowing down, presenting a main obstacle for those looking for a home to live in.
In Greater Buenos Aires (GBA) the cost of renting a home strengthened its upward trend, despite the increase in the supply of properties post DNU that repealed the Rental Law. A private report confirms a year-on-year increase of close to 260% in prices, which constitutes the main obstacle to starting contracts with high values.
The most expensive part continues to be the North area. There, a two-room apartment of 50 square meters reached an average of $335,845 per month, experiencing an increase of 15.9% in January alone.
On the other hand, a three-room property of more than 70 m2 is currently at $525,104 per month. According to this report, the difficulty persists for tenants in meeting the costs of maintaining a property in times of high inflation.
Source: Zonaprop
According to what was reported by Zonaprop, among the localities of the GBA North, Vicente López is positioned as the neighborhood or city with the highest rent, reaching a monthly value of $573,019 per month. Olivos and Nordelta (in Tigre) follow, with rates of $541,175 and $522,473 respectively.
In contrast, San Miguel and Villa Ballester show the most affordable values with prices of $253,266 and $255,587 per month.
Source: Zonaprop
The situation in the west-south zone of the GBA presents a similar dynamic. A two-room apartment rents for $236,770 per month, and a three-room apartment rents for $347,428, with an increase of 13.8% in January.
The towns of San Justo, Wilde and Avellaneda top the list of the most expensive in this area, with prices ranging from $266,956 to $279,323 per month.
On the contrary, Moreno, Villa Luzuriaga and Haedo are presented as the most economical options, with rents that do not exceed $201,525 per month.
Source: Zonaprop
Among the most expensive
Specialists maintain that since the implementation of the DNU they have registered a notable increase in the supply of properties.Javier Igarzábal, from DIC Propiedades, told Infobae that “in December, we had 10 options for renting permanent housing, and currently we have more than 50. The flow of transactions is constant, with owners returning previously closed or in-market properties to the market. sale. This trend generates a more dynamic and accessible scenario.”
Real estate agents recommend the execution of contracts in pesos, with a duration of two years and quarterly adjustments based on the Consumer Price Index (CPI). In terms of guarantees, it is common to request one month of deposit and one month in advance. This approach provides stability to both parties, ensuring an update in line with economic developments.
For example, in Vicente López, although the value is the most quoted in the GBA, “now the initial prices are more flexible and reasonable, moving away from the precautionary strategies of establishing high values just in case . In Olivos, a two-room apartment can be found from $300,000, while two or three-bedroom houses start at around $750,000 per month. Properties with a garage can have an increase of approximately $30,000, varying depending on the location,” Igarzábal expanded.
From the segment they argue in this new scenario of free and deregulated agreements, tenants and owners find mutual benefits. Renters find greater peace of mind by having a wide range of options to explore. The expansion of properties allows you to compare, select and propose in greater detail, and many owners are flexible regarding prices.
Plaza Roca in Villa Ballester, intersection of Belgrano and General Roca streets
There was a 180-degree turn in the real estate landscape, moving from extremely restrictive regulation to almost absolute freedom of contract.
Alejandro J. Altamirano, of Altamirano Properties, highlighted that “in the current framework under the DNU, the possibility of negotiating practically all aspects was opened. We guide tenants towards the most appropriate way to enter the market, based on current demand. With greater options, they have greater negotiation capacity; Update deadlines, indices, and deposits are elements that can be discussed and adapted according to the needs and profiles of both parties.”
In San Martín, Morón, Lomas de Zamora and other districts, it is common to sign 2-year contracts with quarterly updates by CPI or Lease Contract Index (ICL).
Altamirano specified: “Some exceptional cases are negotiated in dollars. It is important to keep in mind that, although owners may initially set their expectations, they face a reality where tenants are more demanding and have a broader offer to select from. Today, flexibility and negotiation are the norm.”
In Villa Ballester the values are published with a slight decrease. “The prices of 2-room apartments range between $250,000 and $300,000 respectively, and those with 3 rooms start at $380,000 per month,” added Altamirano.
General Bartolomé Miter and Italia, in Las Lomitas, in the south of the GBA
In Lomas de Zamora, there are currently more than 300 apartments on offer for rent (when two months ago there were barely 100) with 32 m2 studio apartments that start at $90,000; to brand new three-room units in the Las Lomitas area, one of the most sought-after areas in this southern area of the GBA, ranging between $800,000 and $1,000,000 per month, in two and three-room units for more than 50 m2. There, a standard three-room apartment averages $350,000 a month.
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