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2d ago

Buenos Aires Rents Outrun Inflation as Property Transactions Soar

Annual rent adjustments tied to the ICL index now exceed 55 percent.

Parque Avellaneda lidera la baja de precios con una caída interanual del 1,9%
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El barrio "top" porteño poco mencionado y arbolado.
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Overview

  • In July, average rents in the Buenos Aires metropolitan area grew 5 percent month-on-month and 35 percent year-on-year, outpacing consumer inflation.
  • Rental listings have expanded 205.4 percent since the 2020 Rent Law repeal, but steep rent hikes have lengthened lease closings by over 30 days as incomes lag.
  • Apartment prices in CABA rose 0.5 percent in July to USD 2,440 per square meter and are up 6.7 percent annually, while house values climbed 1.1 percent month-on-month to USD 1,815 and 6.1 percent year-on-year.
  • Property deeds in Ciudad de Buenos Aires reached 5,762 in June, a 36 percent increase from a year earlier, with mortgage-backed transactions accounting for 21 percent of the total.
  • Premium districts like Puerto Madero command more than USD 6,100 per square meter for apartments, whereas Lugano and Nueva Pompeya remain below USD 1,600.