South American Real Estate News
/ Category / Buenos Aires rent rules change

For real estate companies in Buenos Aires, the new rental act will make less available stock pushing up rents

Real Estate professionals are against extending the contracts from 2 to 3 years and add that the banks charge very expensive guarantees. After studying the key points to the reform to the law of residential rentals proposed by the government, some real estate operators took a more critical look. Especially with the extension of 2 to 3 years of the length of contracts, which for the sector will have the effect of reducing the number of apartments for rent and push up rents. The president of the School of Realtors…