110 salaries to buy apartment of 40 m2

Again, the salary has again been affected by the current economy. According to a new report, they again experienced a deterioration in May in terms of square meter percentage, as has shown the trend of the year.
Thus, it was concluded that it took 110 salaries to buy a new 40 square meter apartment in the northern area of ​​the city of Buenos Aires. The new real estate market report was produced by the Argentine University of Empresa (UADE). There, it was established that this month's real wages allowed to buy 36.2% M2. Conversely, it implies that 2.76% of real wages were needed to acquire an M2.
The real wage index based on the value of M2 showed a decrease of 18.7% in the case of a new home compared to the same period of 2017, according to the report d & # 39; UADE.
The report indicates that this decrease is due to the lower average dollar compensation of registered private-sector workers (-3.4% yoy) as well as the increase in the price of new units (+ 18 , 8% yoy) and the nominal exchange rate (+ 28.9% yoy). The same is true in the case of second-hand homes, but to a lesser extent because the power to purchase a salary accounted for 42.2% of an M2, which would involve having 2.37 real wages to acquire an M2. . This means that 94.8 salaries are needed to buy a used apartment in the north of the city. In this way, the numbers continue to show that it is becoming increasingly difficult to acquire a home. At least 110 salaries will be needed to realize the dream of his home.