2023-09-18 21:17:55
The debate on the modification of the Rental Law in the Senate of the Nation scheduled for this week was suspended and extended to the last days of September due to the lack of two pro-government senators.
In this context, we communicate with Claudio Vodanovichsecretary of the Argentine Real Estate Chamber, who spoke about the implications of this law on the real estate market.
Rental Law and its impact
“We are at a crossroads“The project has half the approval of deputies and reached the Senate with a two-year reduction in the rental contract and with a price update every four months,” the expert explained.
“In the Senate the project has to be discussed and we were summoned, “We want the project to be sustained because the situation is critical for Argentine families.”explained the interviewee.
On the other hand, Vodanovich stressed that with this annual inflation it is impossible to update contract values every twelve months and plan costs for three years. “A rent that could start at 60 thousand pesos has to be set at 110 thousand pesos to cover the costs.”“, Shooting.
Finally, the secretary of the Argentine Real Estate Chamber said that the law greatly harmed those it was intended to benefit. “If there is no one who decides to invest in the country, the market will become smaller and smaller”he concluded.
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