Nearshore Americas
buenos aires rent

Rental Prices in Buenos Aires Surge by Up to 96% Amid Market Uncertainty

Rental prices in Buenos Aires soared in 2024, with some neighborhoods experiencing an astonishing 96% increase.

While central areas of the city recorded rent hikes of 65%, the western and southern suburbs bore the brunt of these surges, reaching nearly double their previous levels, according to Spanish news outlet Ambito.

Experts are divided on the reasons behind this sharp rise. Some attribute it to Argentina’s persistently high inflation, which prompted landlords to adjust rents to preserve their real income.

Others point to a shift in housing preferences, as many families opt to rent instead of purchasing homes due to the lack of affordable mortgage options.

Policy uncertainty has further exacerbated the issue, with numerous landlords withholding properties from the market as they await potential changes to rental regulations. At the same time, a decline in the construction of new housing has tightened supply, adding pressure to the market.

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The repeal of rent control laws has also played a pivotal role, according to some analysts. The current policy allowed landlords to capitalize on the deregulated market, significantly raising rental rates in certain areas.

With inflation and regulatory ambiguity persisting, Buenos Aires renters face an increasingly challenging housing market.

Narayan Ammachchi

News Editor for Nearshore Americas, Narayan Ammachchi is a career journalist with a decade of experience in politics and international business. He works out of his base in the Indian Silicon City of Bangalore.

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