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The recession slowed the increase in rents in the Capital – 11/29/2018

The slowdown in the real estate market also hit the rent segment, at least in the Federal Capital. In the third quarter of the year, the price of the m2 rents the departments used had an average of 31% increase year by year. This suggested a repetition of the increase calculated in the previous quarter.

According to the data collected by the City of Buenos Aires Statistics Office, with information from Argenprop, And used monovers, who rose in the quarter, a 35.8%; the 2 room apartments, (which represent 46% of the total offer of CABA locations) have risen 31.8% a 25.8% was the increase in the units used in 3 environments, accounting for 24.2% of the market.

The slowdown of rental prices during this third quarter is related to the general withdrawal of the market and is impossible for owners to adjust the values ​​against the relative income of tenants, explain in the estate okay.

On the other hand, there is an increase in rents for units of 2 and 3 surroundings lower than the price variation estimated by the Buenos Aires City Consumer Price Index (IPCBA) which, on average for July / September, 34.7% 1 season reached year on year. Anyway,, The evolution of the monoambients continued a little higher.

From the second quarter of 2017 to April / June this year without interruption, rents and City they were valued at a higher rate than those registered by consumer price projects.

According to neighborhood, the highest prices calculated for the monoambientes used were validated Palermo ($ 10,120) to Recoleta ($ 9,599); meanwhile, sections of lower value were seen in Liniers ($ 7,029) to Floresta ($ 7,032).

In the case of the use of 2 main rooms, the highest prices were equivalent to units of Puerto Madero ($ 21,635) and Palermo ($ 13,876); Villa Luro ($ 9,461) and Vélez Sarsfield ($ 9,542) found the lowest average income.

For the 3 bedroom apartment, Niwñez ($ 20,050) and Palermo ($ 19,749) were the most expensive neighborhoods; On the other side was Villa Gral, Miter ($ 14,631) and Liniers ($ 14,929).

Combined, the most marking price dispersion He was authenticated in the 2 environment property segment, where he reached the gap between the highest rent (Comuna 14, Palermo) and the minimum (Comuna 10, Floresta, Monte Castro, Velez Sarsfield, Versailles, Villa Luro and Villa Real), between July and September, 44.7%.

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