BuySellBA
Administrator
Rent update indices - Reporte Inmobiliario
Source:
Indices de actualización de alquileres, noticias sobre ALQUILER Y RENTA en Reporte Inmobiliario
La actualización del precio del alquiler a lo largo del contrato es una carga impuesta por la inflación. ¿Como ajustar? Los índices más a mano.
www.reporteinmobiliario.com
February 16, 2024
The updating of the rental price throughout the contract is a burden imposed by inflation. How to adjust? The most handy indexes.
It should be obvious to explain that keeping a price unchanged in a currency that loses a 5; 6, 7; More than 10 and up to 25% of its monthly value causes a loss in the real income of the person who receives that constant payment over time. However, it is worth noting that until a little over a month ago, the current legislation on rentals made it mandatory for anyone who rented a home they owned to bear this loss. The consequence: - foreseeable in advance, of course - a drop in the number of properties offered under these conditions.
The repeal of this regulatory framework and the measures that in terms of rent adjustment can be applied from the DNU since last December, propose a more favorable framework that enables the offer of rentals in pesos in a context of high inflation such as the one we endure. Argentines for years.
In this sense, in relation to the possibility of making adjustments to the rental price, the DNU establishes the following:
The parties may agree to adjust the value of the rentals. The use of any index agreed upon by the parties, public or private, expressed in the same currency in which the rents were agreed will be valid.
Without prejudice to the fact that any index can be established as indicated in the DNU article - even adjusting according to the tenant's parity index - within the variety of existing public indices that could be applied, those prepared by the INDEC and the BCRA stand out.
1) Consumer Price Index (INDEC)
2) Registered Private Wage Index (INDEC)
3) Public Sector Wage Index (INDEC)
4) Lease Contracts Index – ICL (BCRA)
5) Reference Stabilization Coefficient (BCRA) )
6) Purchasing value unit – UVA (BCRA)
It is worth noting that beyond the fact that any other index can be established, it is advisable to apply the one that best fits according to the type of home and its location, which will basically determine the most admissible of support the profile of the potential tenant of that place.
Obviously, updating the rent will not only impact the chosen index but also the adjustment periodicity, allowing to a greater or lesser extent to maintain the real value of the currency received in payment over time, especially if it is Argentine pesos.
Since last month, in order to serve as a guide for the selection of the adjustment mechanism and analyze the evolution of the indices, Real Estate Report incorporates into its “Indices” section with periodicity and monthly update those mentioned above, along with the evolution of the exchange rate (blue dollar) and the average offer value of 2-room apartments in CABA.
The series can be downloaded in Excel format and will be updated based on the publication date of each index by the body responsible for its issuance.
www.buysellba.com
