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Recession slowed rent growth in the capital – 11/29/2018

The slowdown in the real estate market has also affected the rental segment, at least in the federal capital. In the third quarter of the year, the rental price m2 on average increased by 31% compared with the previous year in the departments usedThis meant a slowdown in respect of the increase calculated in the previous quarter.

According to data compiled by Statistics Buenos Aires, information from ArgenpropThe monoambents used increased in the quarter 35.8%; 2-room apartments (which make up 46% of the total supply of places in CABA) have grown 31.8% and 25.8% there was an increase in units used in 3 environments, accounting for 24.2% of the market.

The slowdown in rental rates during this third quarter is associated with the return of the market as a whole and the inability of owners to adjust values ​​against the meager income of tenants, as explained in real estate.

On the other hand, rent increases per unit in 2 and 3 environments was lower than the price change on the consumer price index of the city of Buenos Aires (IPCBA), which, on average in July / September, it reached 34.7% 1 year on year. but, evolution monoambents continued slightly higher,

From the second quarter of 2017 to April / June of this year, without interruption, the rent of the city they were rated at a higher rate than the consumer price trajectory,

Next door, the highest prices calculated for used mono-ambients were checked at Palermo ($ 10,120) and Recoleta ($ 9,595); Meanwhile, departments with lower cost were observed in Liniers ($ 7,029) and Floresta ($ 7,032),

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

For used 3-room apartments, Núñez ($ 20,050) and Palermo ($ 19,749) were the most expensive neighborhoods; on the other hand were Villa Gral. Miter ($ 14,631) and Liniers ($ 14,929).

In the commune, the most pronounced variance of prices It was tested in the two-media properties segment, where the gap between the maximum rent (Comuna 14, Palermo) and the minimum (Comuna 10, Floresta, Monte Castro, Velez Sarsfield, Versailles, Villa Luro and Villa Real) reached between July and September, 44.7%.

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