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Apartment Rental Improve rental income - Reporte Inmobiliario

BuySellBA

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Improve rental income - Reporte Inmobiliario




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Source:







April 19, 2024



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In March, the general annual gross rent for apartments exceeded 4%. Detail of profitability by neighborhood for used apartments in CABA

Based on data from March 2024, the average annual gross profitability of apartments used from 1 to 4 rooms reached 4.44%.
This arises from the comparison of the average values of 1,874 units offered for formal rental in pesos, published in internet search engines that can be identified and georeferenced reliably, and their counterpart of homogeneous units offered for sale in each neighborhood of the city.

However, it must be considered that this profitability is the one obtained in the first month of the start of the rental and that now, starting with the DNU that repealed the rental law, it will depend on the agreed update rate so that it is maintained or diluted If the purchase and sale value of the property is considered stable. It is valid to point out that since the majority of new contracts resort to an adjustment in shorter periods, the rent is more stable, making the investment somewhat more attractive since previously with the validity of the rent law that prevented updating before the year and then after The 6 months, and with a pre-set index that was below inflation, quickly caused a drop in the real rental price and a profound decrease in profitability in a context of very high price growth in the economy.

Regarding the average rental profitability at the beginning of a rental contract in pesos of used unfurnished units, 3-room apartments are those that provide the highest gross annual rent, reaching 4.63% on average, while those with two and three rooms showed a profitability of 4.45% and 4.35% respectively. Finally, the rent for 4-room units reached 4.31% average annual rate.


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