Rentals: CABA price increased by 57% in 12 months

The cost of rentals in the City of Buenos Aires rose by 57% in the last 12 months, according to the ZonaProp report, one percent higher than the inflation figure for the same period, which was 55.1%, according to Indec.

The survey shows that the prices of CABA rents rise 6.3% in April, above the previous month, and in the first quarter of the year accumulated an increase of 21.2%, similar to inflation.

In the fourth month of the year, the amount of rent a studio apartment this is $ 47,785 per month, approximately $ 8,800 more than a living and mobile minimum wage, which since last month has been $ 38,940.

The same document shows that a two -bedroom apartment, 50 square meters, is listed at $ 56,825, which means an increase of 19%, that is, for the rent of an employee whose income primarily requires almost a salary. and half to access it. .

Finally, a 70-square-meter, three-bedroom unit rents for $ 77,887 per month, depending on the neighborhood.

Neighborhood by neighborhood, how much is the rent by area

Average prices for a two-room apartment of approximately 50 m2.

• Madero Port (average price of the most expensive neighborhood in the City of Buenos Aires): $ 124,542 per month.
• palermo: $ 74,607

• Nunez: $ 67,531
• Chacabuco Park: $ 55,945
• Patricks Park: $ 55,199
• Agronomy: $ 52,984
• Constitution: $ 46,521
• Montserrat: $ 46,592
• linemen: $ 45,839

Apartments for sale

“28% of total apartments sold in April have lowered in price in recent months. The average discount made over the past 6 months remains stable at approximately 8.2%”, the document details. And it added:” The impetus for lower prices was generated by new market entries instead of through re -evaluations, with prices lower than stock sales ”.

According to the Zonaprop report, apartment sales prices have fallen 2.3% so far in 2022 and are down 0.6% compared to the previous month. The average price in the City is US $ 2,301 per m2.

Since the high part of 2019, prices have accumulated a decrease of 17.8%, returning to levels in August 2016 (5.5 years ago).

“In 2022, the downward impulse of the City’s average price will be primarily driven by new revenue,” the ZonaProp report featured. And he added that “all City neighborhoods are registering year-over-year declines. The Southwest is the area with the smallest fall “.

The cost of a studio apartment in the City of Buenos Aires, according to the consultant’s survey, is US $ 99,109; while a two -bedroom apartment with 50 square meters is worth US $ 119,886. And a three -bedroom apartment with 70 square meters costs US $ 170,334.

Neighborhood by neighborhood, much m2

“Currently, 88% of neighborhoods maintain monthly price declines”featured Zonaprop.

• Madero Port: 5,589 dollars/m2
• palermo: 2,994 dollars/m2
• Belgrano: 2,859 dollars/m2.
• Lugano: 1,113 dollars/m2.
• new pompeii: 1,553 dollars/m2.
• Mouth: 1,618 dollars/m2.

YN