Take it up by elevator that the rentals Since the current law came into force, it has kept tenants, owners and real estate agents in a situation of permanent tension, who face every month the uncertainty of not knowing what will happen to the values, returns and supply. In this context, the prices of the properties that are still offered in the rental market show stark differences according to the side of General Paz that is chosen. The same is true of the values for the purchase and sale that, although they remain downward, show percentages that They vary strongly depending on whether it is the Federal Capital or the suburbs (GBA).
In that direction, two reports from Zonaprop to which he had access iProfessional show cumulative increases in GBA that are well below the City’s numbers. Thus, during 2022 rental prices in the North Zone increased by 71.2 percent, while in the West and South they amounted to 83 percent.
On the contrary, rentals in Capital Federal They were very close to 100 percent.positioning itself above inflation –set at 97 percent–.
“In the last quarter of the year the accumulated sum was 17.3 percent, which implied a slight slowdown compared to Q3 (22.7 percent). However, the price variation registered in the last 12 months is the maximum since the beginning of the Index Zonaprop (2012)”, reported the consultant.
Regarding the average values, the rental price of a studio apartment in the City amounts to 77,899 pesos per month. “A two-room apartment costs 92,941 pesos per month and a three-room, 70-square-meter unit is rented for 125,664 pesos per month,” Zonaprop explained.
Rentals: quotes in dance
“Currently, Puerto Madero is positioned as the most expensive neighborhood in the City of Buenos Aires with an average price of 180,448 pesos per month. They are followed by Palermo and Nuñez with 111,656 and 106,790 pesos per month., respectively. In the middle zone are Villa General Miter (92,462 pesos per month), Monte Castro (89,038 pesos per month) and San Cristóbal (86,905 pesos per month),” he added.
In the Capital, rents are up close to 100 percent in 2022.
Regarding the most “cheap” neighborhoods to rent, the consultant mentions Floresta –71,940 pesos per month–, Liniers –73,056 pesos– and Barracas –73,389 pesos per month–.
What happens in the Province? In Zona Norte, the median rental price for a two-bedroom apartment increased almost 5 percent in December and stands at 87,186 pesos per month. On the other hand, a three-room apartment reaches 128,085 pesos per month.
“The neighborhoods of Troncos del Talar and Nordelta are those with the most expensive offer in the north with a value of 122,177 and 120,247 pesos per month, respectively. The lowest prices are found in San Miguel (61,539 pesos per month), San Martín ( 68,515 pesos per month) and José León Suarez (68,604)”, the report states.
In the West and the South, “renting a two-bedroom, 50-square-meter apartment stands at 62,952 pesos per month, while one of three rooms and 70 square meters is rented for 83,508 pesos per month“.
“In the west-south zone, the most expensive neighborhood to rent is Canning (86,161 pesos per month) followed by Ezeiza (79,517 pesos per month) and Castelar (78,551 pesos per month). On the contrary, the cheapest apartments are in Valentín Alsina (48,234 pesos per month), La Tablada (52,243 pesos per month) and Merlo with a value of 53,087 pesos per month,” adds Zonaprop.
Price difference in the sale
During the last year, the GBA West and South accumulated a drop in the value of used properties of the order of 5.8 percent. In the Northern Zone, on the other hand, the depreciation in recent months was lower: 4 percent.
Although at a slower pace, the price of used vehicles in Capital and the GBA continues to fall.
“A two-room, 50-square-meter apartment in the west-south zone has a value of $83,180, while a three-room, 70-square-meter apartment reaches $121,853. The most expensive neighborhoods are Tristán Suárez ($2,310 per meter square), Adrogué (2,151 dollars) and Ranelagh (2,138 dollars),” said the consultant.
In the North GBA, an apartment also with two rooms and 50 square meters is trading at over 109,000 dollars, while a three-room apartment already rises to 161,700.
“The neighborhoods with the highest prices in the northern zone are La Lucila (3,325 dollars per square meter), Vicente López (3,175 dollars) and Olivos (2,931 dollars). On the contrary, the most accessible neighborhoods are Parque San Miguel (746 dollars per square meter), Villa Libertad (875 dollars) and José C. Paz Oeste (977 dollars)”, it was indicated.
Regarding prices in the Federal Capital, values fell 6.6 percent in 2022. The average price for a studio apartment is $95,526. Already a two rooms of 50 square meters goes up to 115,215 dollars, and a three rooms goes up to almost 162,000.
“The ranking of prices by neighborhood is led by Puerto Madero (5,585 dollars per square meter), Palermo (2,925 dollars) and Belgrano (2,734 dollars). The cheapest neighborhoods in the city are Lugano (1,019 dollars per square meter), Nueva Pompeya (1,409 dollars) and La Boca (1,510 dollars)”, conclude the Zonaprop monitoring.
