The steady increase displayed by rents puts a strain on the pockets of the tenants, who do not stop borrowing. Consortium, increasingly in the red
By Patrick Elisegui
23/08/2022 – 10,35hs
steady climb showing rent It suffocates to the maximum pocket of the tenants. And a striking example of this effect can be found in the increase in crimes in the payment of recognized expenses and services in the field of real estate marketing, double from previous years, This delay intensifies the moment of financial drama that the Sangh is going through, which in simple words has not been able to recover from the red in which they fell from the first two years of the Covid-19 pandemic.
In the real estate section, they state that the loan for unpaid expenses An increase of at least 22 percent so far this year, historical average, he remarked iProfessional From CUCICBA, the school integrating Buenos Aires runners up to 10.
“Although the default in rent payments is not significant, and remains around the historical average of 5 percent, what to do with services and expenses is an entirely different situation. Families cannot afford those payments because they are not enough. are not, Rent barely covers the amount that continues to rise”, remarked the unit’s president, Marta Liotto.
“Delinquency in expenses today is on the order of 22 percent, somewhat double the traditional percentage. Something similar happens in services, with bills that are paid months after the established end date. This delay is a direct result of adjustments. which, as prescribed by current law, make payments permanently more expensive. The prospect is extremely worrying,” he said. iProfessional,
Service defaults: a problem that has skyrocketed this year
The directive states that high delinquency in payment of services is the phenomenon of this year. He also argued that consortiums increasingly resort to document papers to try to address the shortfall in payment of expenses over quarterly periods.
“There is no positive balance of any administration in the federal capital today. They all work fairly and when one stops spending, a major disaster ensues. So, now those who pay for the consortium have to Calling is more common. Consortium documents resort to letters When the offense exceeds three months,” he specified.
The increase in fares is already around 60 per cent.
Liotto assumed that the problem would intensify by October, the month in which the removal of subsidies for services would completely affect the amount of spending in the federal capital.
“While we still do not have the accuracy of the amounts, we do know that the growth will be strong and further complicate the housing landscape for families. This month has already been very difficult for thousands of tenants as they faced . 60 percent increase in average rent, Next month this increase will be faster and then the recharge cost will come.
Rate hike will affect quotes
The official decision to go ahead with the hike in service rates adds a fresh blow to the already stunned real estate market. It so happens that, based on the impending growth for electricity, water and gas, marketers assume that they will need to revalue properties for both sale and rental activity.
The changes that are expected for profit, they indicate in the real estate sector, Will pull down the value of contracts and offers for sale, From CUCICBA they confirmed iProfessional That the change in the prices of the departments will be visible from October.
“This change instituted by the government affects us directly. It forces us to establish revisions in values based on the rise in prices of concepts such as expenses. When we appraise a property, it is one of those aspects. One is what we have immediately to take into account. The same size, we cannot quote one department with an expense of 5,000 pesos the same as another with 20,000″, Lyotto explained.
“It is automatically up to us to review prices, by changing the amount of expenses due to a rise in rates. Although it is still not very clear what the effect will be on each union, the truth is that October liquidation will spur a change in prices“, He added.
The rate hike will be felt on the October ballots.
The directive said that the increase in services would create an additional complication for the property owners, who, apart from facing higher bills trade down Both the rent and the potential sale of the apartments they offer.