Thanks to Milei, buying a home in CABA now requires 44 fewer years than in 2023.

Thanks to Milei, buying a home in CABA now requires 44 fewer years than in 2023.
In March 2024, an Argentine had to work 129 years to own their own home
Imagen de Editorial Team
porEditorial Team
Argentina

With the increase in the minimum wage, the time required to purchase a home in CABA dropped from 129 to 85 years

Add La Derecha Diario on
Share:

Most read in Argentina

Argentina facing the global storm: this time we are better prepared

  1. Europe ages, becomes indebted and seeks in immigration a solution to a problem that continues to grow

  2. Communist students called for a "march against Bolsonaro" despite Lula already having "won"

  3. New riots in France: more than 400 terrorists arrested for attacks against security forces

  4. Daniel J. Mitchell, the renowned economist and former presidential advisor, is the new columnist for La Derecha Diario

La Derecha Diario on X

  1. ESCÁNDALO EN EL PARTIDO DEMÓCRATA DE MICHIGAN: La congresista Haley Stevens, que perdió por apenas un punto porcentual las primarias al Senado frente al musulmán Abdul El-Sayed, fue expulsada del Partido Demócrata de Michigan tras anunciar su apoyo al candidato republicano Mike Rogers, respaldado por Donald Trump. La ruptura se produjo después de que el musulmán El-Sayed la apartara de su campaña, en medio de una fuerte disputa por sus posiciones sobre Israel y sus vínculos con el comentarista islámico Hasan Piker. Stevens terminó respaldando públicamente a Rogers y provocó la reacción inmediata de la dirigencia demócrata. En menos de una hora, el partido la expulsó de sus filas, a pesar de que había votado junto a los demócratas en el 97,5% de las votaciones y coincidido con Donald Trump en apenas el 6%.

    4 min ago

  2. TRUMP BASADÍSIMO: “Un voto a cualquier demócrata en cualquier parte del país es un voto para poner en el poder a un grupo de DESQUICIADOS EXTREMISTAS”.

    12 min ago

  3. PAPELÓN DEL ENANO MARXISTA: El gobernador Axel Kicillof se puso a aplaudir frenéticamente cuando el presentador en un acto habló de “nuevas canciones”, sintiéndose referenciado como “nuevo candidato” del kirchnerismo. El papelón fue tan grande que Ofelia Fernández tuvo que frenarlo violentamente y lo humilló: “¿Tanto aplauso?”.

    24 min ago

  4. TRUMP DESTROZÓ AL CANDIDATO MUSULMÁN ABDUL EL-SAYED Y AGRADECIÓ EL APOYO DE HALEY STEVENS: El presidente estadounidense volvió a vincular a El-Sayed con La Hermandad Musulmana y elogió a la congresista demócrata que respaldó al republicano Mike Rogers en Michigan. “Es un tipo de los Hermanos Musulmanes”. “No la conozco, nunca la conocí, pero le tengo mucho respeto. Hizo una gran campaña. Se suponía que iba a perder por unos 25 puntos y terminó perdiendo por medio punto”.

    34 min ago

  5. TRUMP QUIERE REACTIVAR EL OLEODUCTO KEYSTONE El presidente estadounidense defendió la construcción de la infraestructura petrolera y adelantó que su Gobierno facilitará el trazado. “Creo que es fantástico. Van a construir el oleoducto Keystone. Van a pagar todo. Nosotros les vamos a dar la ruta”.

    44 min ago

La Derecha Diario logo
TwitterInstagramYouTubeTikTokFacebook
Derecha Diario TV

Nosotros

  • Quienes Somos
  • Autores
  • Donar

Privacidad

  • Protección de datos
  • Canales
  • Sitemap
  • RSS

Contacto

  • info@derechadiario.com.ar
PUBLICIDAD
La Derecha Diario logo
ESX logoInstagram logoYouTube logoTikTok logoFacebook
ARGENTINAUNITED STATESECUADORISRAELMEXICOURUGUAY
ARGENTINAUNITED STATESECUADORISRAELMEXICOURUGUAY
DERECHA DIARIO TV
  • ES
    XInstagramYouTubeTikTokFacebook
  • DERECHA DIARIO TV
  • Sections
  • ARGENTINA
  • UNITED STATES
  • ECUADOR
  • ISRAEL
  • MEXICO
  • URUGUAY
  • Countries
  • La Derecha Diario logoLA DERECHA DIARIO
  • La Derecha Diario México logoLA DERECHA DIARIO MÉXICO
  • La Derecha Diario Uruguay logoLA DERECHA DIARIO URUGUAY
  • La Derecha Diario Ecuador logoLA DERECHA DIARIO ECUADOR
  • La Derecha Diario Israel logoLA DERECHA DIARIO ISRAEL
  • La Derecha Diario Estados Unidos logoLA DERECHA DIARIO ESTADOS UNIDOS
  • Topics
  • GUERRA EN IRÁN
  • The Newspaper
  • QUIENES SOMOS
  • AUTORES
  • PUBLICIDAD
  • DONAR

Related news

Superclásico: the best memes from Boca's victory

Superclásico: the best memes from Boca's victory

In a controversial Superclásico, Boca defeated River 1-0, with River finishing with 9 players

In a controversial Superclásico, Boca defeated River 1-0, with River finishing with 9 players

The CEO of Toyota confessed that without Milei's RIGI, he would not have invested USD 1.3 billion in Argentina

The CEO of Toyota confessed that without Milei's RIGI, he would not have invested USD 1.3 billion in Argentina

Historic: Cecilia Dieleke won gold in swimming at the Youth Olympic Games, broke records, and achieved an unprecedented mark

Historic: Cecilia Dieleke won gold in swimming at the Youth Olympic Games, broke records, and achieved an unprecedented mark

Thanks to Milei's RIGI, mining is leading a boom in investments, business, and job creation in Argentina

Thanks to Milei's RIGI, mining is leading a boom in investments, business, and job creation in Argentina

Texas recorded a strong migratory expansion during the Biden era and reopened the debate about its electoral impact

Texas recorded a strong migratory expansion during the Biden era and reopened the debate about its electoral impact

The report compares the local situation with other cities in the region. Thus, while in Rio de Janeiro the estimated time to buy a similar home is 65 years, in Lima it takes 64 years, in Mexico City 56 years, and in Montevideo 46 years. Quito, on the other hand, appears as the most affordable city, with only 22 years needed to achieve the same goal.

The analysis was carried out by cross-referencing three key variables: the average price per square meter in Buenos Aires (US$ 2,358), the current minimum wage ($313,400), and the reference dollar exchange rate ($1,350). The results reveal a complex outlook for those aspiring to homeownership, in a context marked by persistent inflation, limited access to mortgage credit, and a real estate market that is heavily dollarized.

Access to homeownership continues to be one of the main challenges for Argentine workers, particularly for those who earn the minimum wage.

Despite recent updates to minimum wages, a private report reveals that, on average, a person earning the basic wage would need to save their entire income for 85 years to purchase a standard 100 square meter (1,076 square feet) home in Buenos Aires City.

el valor promedio del metro cuadrado en la capital del país se ubica en torno a los US$ 2.358.
el valor promedio del metro cuadrado en la capital del país se ubica en torno a los US$ 2.358.

According to the survey, the current minimum wage in Argentina amounts to $313,400, which is approximately 232 dollars based on an exchange rate of $1,350 per dollar. Meanwhile, the average price per square meter in the country's capital is around US$ 2,358, which raises the price of a 100 m² (1,076 square feet) property to US$ 235,800.

Although this figure represents an improvement compared to the 129 years shown by the same calculation in March 2024, the number still places Argentina in last place for housing affordability in Latin America.

Gráfico elaborado por La Derecha Diario.
Gráfico elaborado por La Derecha Diario.

According to the Latin American Real Estate Survey conducted by the Finance Research Center at Universidad Torcuato Di Tella in March 2024, "an Argentine must work 129 years to own their own home". The improvement in the indicator, which dropped to 85 years, is partly due to the update of the minimum wage and certain adjustments in the market.

Although the numbers continue to reflect a critical situation, the national government keeps that the recovery of purchasing power and the creation of formal employment are key factors in reducing the time needed to access housing.

In this regard, it aims to restore Argentines' wages by promoting the development of the private sector and generating jobs that integrate millions of workers into the formal economy.