The prices of rentals in the Buenos aires city (CABA), increased by 10.8% in May, the maximum monthly variation registered in the last eleven months. In the last twelve they rose 136.3%, highest jump since 2012according to the real estate portal Zonaprop. At the same time, many owners decided to charge rents in dollars or make them temporary.
The price variation registered in the last twelve months of 136.3% is the maximum registered since the beginning of the series in 2012, confirmed the survey. According to the study of the notices published on this real estate portal, in 2023, the average rental price for new contracts rose 53.2%, above the inflation. In the accumulated it registers 41.9% and the Rental Contracts Index that stood at 34%.
What are the values in the City of Buenos Aires
The rental value of a studio apartment in CABA was $116,249 per month, a two-room apartment reached $142,425 per month and a three-room, 70-square-meter unit was rented for $185,196 per month. The Palermo neighborhood was positioned as the most expensive in CABA with an average price of $186,288 per month. They were followed by those from Recoleta and Belgrano with $166,717 and $165,720, respectively.
In an intermediate area between these values in the Retiro neighborhood, a rent for a two-room apartment was paid $143,329 per month; in San Cristóbal, $140,005; and Villa Pueyrredón, $132,887. The cheapest neighborhoods to rent were Liniers with $113,252 per month, Monserrat with $114,903 and Barracas with $115,691 per month for a one-room property.
The ranking of prices per square meter is headed by the Puerto Madero neighborhood with US$5,678, followed by Palermo with US$2,913 and Belgrano with US$2,706. The cheapest neighborhoods in the city were Villa Lugano with US$1,032, Nueva Pompeya with US$1,394 and La Boca with US$1,447 per square meter.
