Explore, connect, thrive in
the expat community

Expat Life: Local Discoveries, Global Connections

Apartment Rental Rentals: The 3 neighborhoods where you can get two-room apartments for less than $400,000 - La Nacion Propiedades

BuySellBA

Administrator

Rentals: The 3 neighborhoods where you can get two-room apartments for less than $400,000 - La Nacion Propiedades




rs=w:1280



Source:






August 12, 2024


The value of rents in the Autonomous City of Buenos Aires broke the barrier of $300,000 in all areas


rs=w:1280


Rents in CABA registered a 3.3% increase in July 2024

In a context in which the rental law was repealed, rents continue to rise . In July, listings registered an increase of 3.3% , which meant that in 2024 they would reach an accumulated 39% . In this sense, the average value of a two-room rental in CABA exceeded the $300,000 barrier in all its neighborhoods .

The rental offer , on the other hand, fell by 4.8% month-on-month, but is still three times higher than that recorded in February 2023.

The average rental price for a two-room apartment in the Autonomous City of Buenos Aires , with a covered area of 50 square meters, was $464,742 per month , according to the latest Zonaprop report .


rs=w:1280


Average rental value by type

A month ago, in June 2024, there were two neighborhoods that did not exceed the average of $300,000 (Lugano and Floresta), but now, all the neighborhoods in Buenos Aires have surpassed the barrier.

However, the three neighborhoods where both rooms had the lowest average rental prices in July were:

  • Lugano: with an average rent of $303,133
  • Floresta: with an average rent of $378,778
  • Slaughterhouses: with an average rent of $386,085

On the contrary, Puerto Madero continued to be the most expensive with an average of $958,337.



rs=w:1280


Average rental value in CABA

Profitability​

If we talk about the neighborhoods with the highest annual rental profitability in July 2024, according to the latest Zonaprop report, Lugano and La Boca were ranked as the best neighborhoods for investors looking for income .

In this regard, Lugano recorded an annual rental profitability of 6.4% and La Boca 5.6% . Parque Patricios was in third place, with a profitability of 5.3%.



www.buysellba.com
 
Back
Top