2024-02-20 19:24:00
In the month of February, to rent a studio apartment you needed 280 thousand pesos, lor that showed an interannual variation of almost 260 percent. While, a two-room apartment reached 350 thousand y one of three rooms at half a million pesos.
The data comes from the monthly report of the Scalabrini Ortíz Center for Economic and Social Studies (CESO).
Rental boom: January numbers showed that supply increased by 68%
He Rental prices have become a real headache for the middle class. And while renting may involve problems when it comes to obtaining guarantees or paying commissions, the cost of renting is the first – and in many cases the biggest – barrier to entry.
According to the CESO report, In the Autonomous City of Buenos Aires, high prices prevent a large part of the population from renting even an average studio apartment, pushing them towards areas with lower quality infrastructure and services.
Rental supply increases, but prices also continue to rise
Based on this situation, the Center created this monthly report that reflects the evolution of rents in the Autonomous City of Buenos Aires.
Rent vs minimum wage
With a minimum salary that was $156,000 in January, and a rental value close to 280 thousand pesos, said minimum income barely covers 55.7% of a rent. Although the government announced a new SMVM starting this month at 180 thousand pesos, it is still very far from the cost of renting a property,
On the other hand, the CESO study reveals that Expenses reach an average of 10.9% of the offer price of a rental.
Another interesting fact indicates that 41% of rental property offers are priced in dollars.
Regarding the property offering, that has been recomposing itself in recent days, the Scalabrini Ortíz Center showed that rose 129.5% compared to January 2024.
LR / Gi
1708457589
#Rental #prices #skyhigh #property #supply #rising #sharply
