The Impact of Argentina’s New President on Rental Laws
A recent story in the Wall Street Journal highlights how Argentina’s new President, Javier Milei, an economist, has made significant changes to the country’s rental laws and government price controls in an effort to revive the economy.
Argentina had one of the strictest rent-control laws in the world, which led to soaring rents instead of keeping them affordable. Javier Milei’s decision to eliminate these laws and most government price controls has resulted in a rental-market boom in Buenos Aires.
The increase in rental supplies by over 170% has led to better deals for renters, with a 40% decline in real rental prices adjusted for inflation since last October. Economists like Federico González Rouco from Empiria Consultores are optimistic about the positive impact of these changes on the economy.
Read the full story at the Wall Street Journal