Almost 70% of rentals in CABA are offered in dollars

In the midst of the debate of the Rental Law, 67% of the apartments offered for rent in the Autonomous City of Buenos Aires have their prices in dollars. The data comes from a report released by the Center for Economic and Social Studies Scalabrini Ortíz (CESO), with numbers corresponding to this month. According to the data of the report, the median of the studios offered in the Federal Capital is $ 170,000, and as the Minimum Living and Mobile Wage, which in September is $ 118,000, with that income only 69.4% of a rent is covered. In addition, this ratio, which had improved by mid-2022, is now down almost 32 percentage points compared to June 2022, CESO said. In that sense, they indicated that the median of the offers of two-room apartments is $ 220,000 and of those of three rooms, $ 270,000. All values do not include expenses, which reach on average 11.1% of the cost of the offer price of a rental. You may also be interested: “Rents of 2 and 3 rooms rose up to 250% year-on-year in CABA”For its part, the Index for Lease Contracts, which regulates the updating of rentals within a contract already in force, showed a year-on-year increase of 113% on the first business day of September. In this context, the CESO warned that the half sanction of the reform of the rental law “increased the uncertainty of the real estate market and generated a pause in the closing of contracts, pending further definitions on the contractual conditions that will govern in the event that the current rule is repealed. “

Original source in Spanish