2023-08-25 04:30:00
In Roca, lThe real estate activity remains expectant before the possibility of a reform in the Rental Law that might change your future. The annual increases in the values of the properties have given something to talk regarding, however the leaders of the activity assure that the item is in high demand. The problem is that the supply of housing is scarce.
He The rental market was affected in the region, the increases are modified every year and the hit to the pocket is notorious when at the end of the year it happens to pay double the initial value. This impact not only affects the tenant, but also the owner who ends up making a minimal profit.
This situation led to a series of decisions that are reflected in the scarcity of real estate offers.
Leonor Sátora, from the real estate agency that bears the same name, told Diario RÍO NEGRO that “There is an incredible demand, but there is no supply because it is not convenient for the owners to rent and with this new reform, neither”, he said.
He explained that, following the pandemic, the market was accommodated by the number of students who returned to the city looking for a place to continue their studies. However while the waiting list grows, the owner list shrinks since it is unsustainable for them to maintain it with the earnings they obtain per year, far from inflation levels.
«The owners They are thinking of renting by the day because it is not convenient for them on a monthly basis”pointed out Sátora.
«Today a Student rent is around 70,000 pesos and although it is expensive for themThey still pay for it because they know they have nothing,” he pointed out, adding: “The pandemic prevented construction so today, following two years, we don’t have homes.”
10 years ago the profitability of a property was 0.5%, today it is 0.2% with luck
Reference of the Real Estate Leonor Satóra in Roca
The “problem” began in 2020 with the Rental Law
The referents of the activity agree that the problem with the real estate market began in 2020 with the Rental Law that established among its items that the lease term be a minimum of three years and the rental amount becomes a single amount that can be updated annually.
Jorge Carlos Bosque, benchmark in the field and partner of the Argentine Real Estate Chamberindicated that when the Law had been proposed, the Chamber had stated that the modification would not serve and that it would cause problems in the future.
“With the previous regime we negotiated the increases and we had a two-year contract, with the change this might no longer be achieved,” he said. On the other hand, he said that:The annual increase is very abrupt and for this reason, there are many cases in which the tenantsThey can’t pay it because the wages are not equivalent”.
For Bosque, the Law never benefited tenants or owners who are forced to freeze a price that is not profitable.
«All this discouraged the investor because it is not convenient for them to rent. The profitability is historically very low and as a counterpart, the tenant cannot pay the rent. It is a complicated situation with the inflation that we have », he indicated.
Regarding the reform that was proposed on Wednesday, the referent expressed that it is necessary to analyze it since it emphasizes that Law 27,551. “It must be repealed or reformed because it does not work as it is”.
«This new reform will benefit both parties, especially the tenant because this is supply-demand. As there are more offers, which there are not in Roca, the issue of prices is compensated, if there is no offer things increase, “he explained. He is optimistic regarding the possibility that the reform will be approved: “There is hope that this will be for the best, that this reform will solve the problem and that more offers will begin to appear.”
On the other hand, Leonor Sátora gave her opinion on the new reform and stated that for her the ideal was for the Law to be completely repealed since she sees the reform as “a patch that will bring problems in the future”.
“All this law that was modified in 2020 harmed everyone and the new reform is not going to achieve any benefit either,” pointed out. From his perspective, this is going to end up presenting another problem because the increases are going to be driven by three indices.
“If we choose the inflation index, the tenant will say no and if we go for the salary increase, the same thing will happen. We know that wages are losing with inflation, you earn less and less because inflation eats you up”.
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#lot #demand #supply
