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Recession slows the increase in rent in the capital – 11/29/2018

The slowdown in the real estate market also hit the rental segment, at least at Federal Capital. In the third quarter of this year the rental price of m2 an average increase of 31% year on year in the department used. This implies a slowdown due to the increase calculated in the previous quarter.

According to data collected by the Buenos Aires City Statistics Office, with information from Argenprop, The monoambientes are used, up in this quarter, a 35.8%; 2 bedroom apartments, (which represent 46% of the total bid location in CABA) rose 31.8% and 25.8% is an increase in units used in 3 environments, which accounts for 24.2% of the market.

The slowdown in rental prices during the third quarter was related to the general revocation of the market and the impossibility of owners to adjust the value of the tenants' little income, explained in real estate.

On the other hand, increases in rent for units 2 and 3 of the environment lower than price variations estimated by the City of Buenos Aires Consumer Price Index (IPCBA), on average for July / September, reached 34.7% 1 from year to year. However,, evolution monoambientes continues slightly above.

From the second quarter of 2017 to April / June this year without interruption, the rental price of the City they are valued higher than those recorded by the trajectory of consumer prices.

According to the environment, the highest price calculated for monoambientes used is verified at Palermo ($ 10,120) and Recoleta ($ 9,599); in the meantime, the department of lower values ​​is observed at Liners ($ 7,029) and Floresta ($ 7,032).

For the case of the use of 2 main rooms, the highest price corresponds to Puerto Madero units ($ 21,635) and Palermo ($ 13,876); at Villa Luro ($ 9,461) and Vélez Sarsfield ($ 9,542) the lowest average income was found.

For 3-room apartments used, Núñez ($ 20,050) and Palermo ($ 19,749) are the most expensive neighborhoods; at the other extreme is Villa Gral. Miter ($ 14,631) and Linear ($ 14,929).

Through commune, the most striking price dispersion It was verified in the property segment of 2 environments, where the gap between the maximum rent (Comuna 14, Palermo) and the minimum (Comuna 10, Floresta, Monte Castro, Velez Sarsfield, Versailles, Villa Luro and Villa Real) was reached, between July and September, 44.7%.

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