The Argentine media reported that rents have risen by nearly 30% over the past 12 months a couple of weeks back. A pretty significant jump.
Browsing the plethora of short-term, tourist-orientated apartment rental websites I can see this is clearly true for vistors too. An apartment that would've cost $600 USD per month when I first came here in late 2005 is now being advertised at $800, often more.
Simple law of supply and demand I guess. As more and more tourists arrive here so prices will rise. Still, chat with your average Porteno and mention that a tourist will happily part with $1000/month for a luxury one-bed flat in Recoleta and his jaw will drop.
I've actually left the Capital Federal for the forseeable. Here's a few shots of what I left behind at $600/month. An unfurnished apartment in the same building for an Argentine (with Guarantor) runs at approx $300/month.
The building, brand new (and virtually empty) when I first moved in.
The Parilla (BBQ)
The not-so million dollar view
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5 weeks ago