Rising Rental Prices in Federal Capital: Impact of Inflation and Electoral Uncertainty

2023-11-23 15:31:45

The acceleration of inflation and the electoral uncertainty caused the prices of rentals will skyrocket in October. This was reflected in a new report from CESO (Scalabrini Ortiz Center for Economic and Social Studies) that revealed the prices in the Federal Capital for studio apartments, two and three rooms.

According to the survey, the median of the studio apartments offered in the Federal Capital It is $225,000.. The Minimum Living and Mobile Wage, which in November is $146,000, covers 64.9% of a rent.

The median of offers for two-room apartments is $280,000 and for three-room apartments $380,000. In each category, prices vary depending on others own characteristics (such as age, whether it has a garage, etc.) and its surroundings (infrastructure, availability of transportation, proximity to shopping centers, among others).

The values ​​expressed above do not include expenseswhich reach on average the 10.0% of the cost of the offer price of a rental.

Rentals: how much was the average monthly increase

The increases compared to October 2023 were 25,0% in the studio apartments, 21.7% for those with 2 rooms and 26.7% for those with 3 rooms. The grouping of the units is done according to the number of rooms or the number of m2 of the unit, if available.

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Depositphotos

Rents: how much they rose in a year

In the last twelve months, the offer price of a studio apartment in Capital Federal increased 275.0%. In the 2-room apartments the increase was 300.0% and 261.9% in the 3-room apartments. On the other hand, the latest inflation data corresponding to the month of October, shows an interannual increase of 142,7% in prices according to the INDEC CPI.

Meanwhile, the Index for Lease Contracts, which regulates the updating of rents within a contract already in force, shows an interannual increase of 119.5% as of the first business day of November. In that same period, the official dollar rose 124.2%.

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