Published rental prices continue to rise above the rate of inflation. In the past 12 months, Rate the New contracts An increase of 35.6%This is higher than inflation, which rose in the same period to 31%, but lower than the adjusted ICL (40%), which is the central bank indicator by which increases in contracts signed with the old law are adjusted. These numbers were reflected in Zonaprop’s recent report.
In a monthly comparison, the average apartment rental price decreased in November in Buenos Aires An increase of 2.2% compared to October.
One of the variables that affected price dynamics was supply, which has fluctuated significantly since 2023, reaching a historic low in February of that year. In 2024, After the abolition of the rent law, Supply at CABA increased by 62% compared to the previous month. In November this year, the supply fell by 1.3%, also maintaining a ratio three times higher than the historical minimum.
“the The largest sections are the ones that have increased the most The price this year,” details Leandro Molina, platform manager.
In numbers, a three-room apartment (70 square metres) costs about $1 million, with… The average value is $987,205 per month.
While the average price of a two-bedroom apartment with an area of 50 square meters reached. $729,916 per month. This value reflects an increase of 11.4% compared to April of the same year, when the value reached $655,294. If compared with Value 2023 Variance 118%That is: an increase of more than double.
The largest increase in rental prices, by 61.8% year-on-year, was in the neighborhood Agricultural engineering. The city of Lugano ranks second with an increase of 52.4%, followed by Velez Sarsfield with 46.5%.
On the other hand, there are three neighborhoods that recorded the smallest increase on an annual basis. In San Telmo with 29.9%, Parque Chacabuco with 28.9% and finally Puerto Madero, which has been consolidated as a CABA neighborhood with the lowest rent increase year on yearBy 28.7%.
On average, there are Chacarita with annual increases of about 40%, Parque Patricios with 37.4%, and Belgrano with 33.9%.
Puerto Madero still is First in the ranking of the most expensive neighborhoods for rent: two rooms With an average of $1,238,741, Nuñez at $818,018 and Palermo at $814,676.
The neighborhoods in the city with the cheapest rental offers are Floresta with an average value of $639,271, Constitución ($628,163) and lastly Logano for $584,087. This last neighborhood remains the most economical in the entire city of Buenos Aires despite being one of the neighborhoods that has increased the most.
Chacarita, Almagro, Nueva Pompeja, Monserrate and San Telmo remain in the central regionWith an average range between $767,000 and $667,000.
When analyzing the income that the apartment leaves for the investor, Lugano, Nueva Pompeja and La Boca have cemented themselves as the best neighborhoods With an annual return of between 8.8% and 7.2%, while the average annual gross rent in dollars throughout the city is approximately 5%. Molina adds: “20.2 years of lease are needed to recover the investment. This figure is equivalent to 2.8% more than what is required in 2024.”
Hernán Zenteno – La Nación
while, The three neighborhoods with the lowest yield are Nuñez, Palermo and Puerto Madero With a profitability ranging between 4% and 3%, that is, half the percentage of the previously mentioned neighborhoods.