Government’s subsidy when renting an apartment
As from January, 1st, the government’s subsidies will begin to be cut from the light, gas, and water utility bills. This makes that if you are looking for an apartment to rent, you should analyze which neighborhood will be more convenient, since, although all subsidies will be taken in all
As from January, 1st, the neighborhood of Puerto Madero, Barrio Parque and the main country houses and club houses of the country will have their subsidies taken automatically.
Afterwards, the subsidies on the utility bills will be removed in the neighborhoods of Belgrano R, Corredor Libertador, Retiro - Plaza San Martín – Kavanagh Area, Alto Recoleta y Torres Catalinas, of the city of Buenos Aires, and the areas of La Horqueta, Barrancas de San Isidro and Punta Chica-Victoria, in the Northern region of Gran Buenos Aires.
Those buildings who have a reunion area or multiple purposes areas, swimming pool, gym, and a sports area (like tennis court or similar), will also have the subsidy removed.
It has been estimated that the charges on the utility bills, without the subsidies, may triplicate. Moreover, according to recent news, there will also be a raise in the charges (despite from the subsidy removal), which means the price could go a little higher. Even though it is not certain, according to some entities, the raise in the utility bills could raise between 150% and 400%, according to each person’s consumption.
So, there are many important things to have in mind when deciding which apartment to rent. Prices will vary between neighborhoods, and the different areas of Gran Buenos Aires, and you should now have in mind you will pay extra in utility bills.
Everything (including a more accurate percentage) will be clearer in the months to come, since they are still organizing the subsidy removal.
