Explore, connect, thrive in
the expat community

Expat Life: Local Discoveries, Global Connections

Real Estate News High construction costs in dollars - Reporte Inmobiliario

BuySellBA

Administrator

High construction costs in dollars - Reporte Inmobiliario




rs=w:1280


Source:





March 7, 2024


rs=w:1280



The costs to carry out a country-type house remain at high levels for the first two months of the year. Doubts remain about how to budget for new works, currencies and updates.
The cost of building a premium category home in a country or private neighborhood, including taxes and professional fees, was almost 1,932,000 pesos per m2 at the end of January. To build the 315 m2 home that we analyzed month by month, the sum of $608,519,049 would be needed. In 9 months the cost in pesos more than tripled.
As we have been saying, the costs measured in American currency have been going up and down for two years at the rate of inflation in pesos and the constant devaluations, but the strong inflation of recent months in pesos, added to the strong rise in the official dollar and a flattened and downward blue took costs to a new level measured in American currency, placing it at the beginning of the year very close to the ceiling of the years 2017-2018:


rs=w:1280


There are many doubts that arise regarding this topic; The big unknown is how inflation in pesos, the price of the blue and the official price will continue to evolve, all elements that play into the cost of carrying out a project. The truth is that today the only way to start a project would be to start it with a cost measured in pesos and update it month by month based on some reliable index. The data show that it is very difficult to set a cost in dollars in this situation and then actually cover these costs or vice versa.


rs=w:1280




rs=w:1280



www.buysellba.com
 
Back
Top