The six neighbourhoods of Buenos Aires with the most significant supply and demand for temporary rentals
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Did you know that six neighbourhoods in Buenos Aires have the highest demand for temporary rentals? These areas have a booming real estate market and offer ample opportunities for short-term rentals.
Palermo, Recoleta, San Nicolás, Belgrano, Retiro, and Monserrat are the hotspots for temporary rentals in the city. Don’t believe us? The Real Estate Monitor conducted a study and found that these neighbourhoods account for most temporary rental properties.
Using AIRDNA as a source, the study revealed that 70% of the temporary rental options exist in these six neighbourhoods. Leading the pack is Palermo, with 7,402 listings, followed by Recoleta (3147), San Nicolas (1401), Belgrano (1125), Retiro (1044), and Monserrat (913).
These short-term rentals are mostly one or two-bedroom apartments, fully furnished and equipped to make your stay comfortable and hassle-free.
So, why are these particular neighbourhoods so popular for temporary rentals? According to Daniel Bryn, it all boils down to location. These areas offer easy access to transportation and are surrounded by vibrant entertainment, culture, and culinary scenes.
But wait, there’s more! The cost of the rental depends on the quality of the building and the amenities it offers. A good Internet connection, well-furnished interiors, and ample natural light can affect the price. Plus, the ratings on Airbnb play a crucial role in determining the rental price and building trust with potential renters.
Each neighbourhood has its own unique appeal. If you’re young and looking for exciting nightlife, Palermo is the place to be. On the other hand, older individuals may prefer the gastronomic and shopping options in Recoleta. Jimena Gómez, a property manager, says that short-term rentals are always in high demand regardless of the neighbourhood.
But let’s not forget the financial aspect. According to the Real Estate Monitor, there were 21,367 temporary rental properties in November alone, a 60% increase from last year. This overshadows traditional rentals, making it a more lucrative business. Jimena Gómez explains that rental laws, high income, and less commitment attract more people to offer their properties as short-term rentals.
While traditional rentals face a tough time due to the current rental law, short-term rentals thrive. The law’s inflexible terms and high inflation rates make traditional rentals an unprofitable market for landlords.
Ultimately, it’s unsurprising that the occupancy of temporary rentals varies throughout the year, with the peak season being the first five months. The study also revealed that 75% of these rentals are studio apartments, offering a hotel-like experience with the added convenience of a kitchen and other amenities.
So, if you plan to visit Buenos Aires, skip the traditional hotels and opt for a short-term rental in one of these six trendy neighbourhoods. Trust us, you won’t regret it!
Source: La Nacion ( Translation )
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Post available in: English