Rentals in the city of Buenos Aires have increased by 31% in one year

Rents in the city of Buenos Aires rose 31.13% from one year to the other in the third quarter of 2018, according to data for the third quarter of 2018 – between July and September – studied by the Bureau of Statistics and Census of Buenos Aires.

If publication prices are taken, the departments of
of an environment are those who have most increased their value (35.8% over one year) and averages $ 8,812 for a base unit of 30 square meters.

Two-bedroom units follow with an evolution of 31.8% and those in three environments posted the slowest growth of 25.8%. Both environments were valued at $ 11,826 (for 43 square meters) and the three-room apartments at $ 17,822 (for a base unit of 70 square meters).

"In this way, in all cases, there is a deceleration from increases calculated in the previous quarter, more accentuated for the big departments ", emphasized the speech of Buenos Aires in his report.

In addition, the rise in rents for units of two and three environments was lower than the price change estimated by the consumer price index of the city of Buenos Aires (IPCBA), which averaged 34.7% for the July-September period.

Between years, the evolution of monoambientes continued slightly above. From the second quarter of 2017 to the period from April to June 2018, City rents were valued at a rate higher than that recorded by the consumer price trajectory.

By neighborhood, the highest prices for used studios were verified in Palermo ($ 10,120) and Recoleta ($ 9,599); at the same time, the cheapest departments of this size were observed at Liniers ($ 7,029) and Floresta ($ 7,032).

For use cases in two environments, the highest prices were for price units. Puerto Madero ($ 21,635) and Palermo ($ 13,876) At Villa Luro ($ 9,461) and Vélez Sarsfield ($ 9,542), the lowest average income was observed.

For a used three-room apartment, Núñez ($ 20,050) and Palermo ($ 19,749) were the most expensive neighborhoods. Villa Miter ($ 14,631) and Liniers ($ 14,929) were at the other end of the road.

By municipality, the most pronounced price dispersion was verified in the two-bedroom apartment segment, where the maximum rent gap (Comuna 14, Palermo) and the minimum rent (Common 10, Floresta, Monte Castro, Vélez Sarsfield, Versailles, Villa Luro and Villa Real). The gap between the two municipalities reached between July and September, 44.7%.