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How much does it cost to build a 70 m2 house today? - La Nacion Propiedades
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March 20, 2025
Faced with the rising cost of construction, specialists reveal how much it costs to build a house today.
How much does it cost to build a 70 m2 house today? Shutterstock
In a context where construction costs continue to rise and have accumulated a 107% increase since October 2023 , according to Zonaprop figures, many are wondering how much it costs to build a house today in Argentina.
According to specialists consulted by LA NACION, the cost of building an average home today is around US$2,100. However, if multiplied by 70 m², building a house of that size would cost around US$147,000.
These figures vary widely, depending on the types of materials used in construction and the desired standard of living. In fact, the specialists consulted clarify that the cost of building a house today starts at US$1,500 per square meter , taking into account the lowest market values. Thus, if the lowest cost is multiplied by 70 square meters, a "cheap" house of that size would cost around US$105,000.
Construction costs continue to rise, accumulating a 107% increase since October 2023.Freepik
How much does it cost to build a country house?
The cost of building a premium home in a gated community or neighborhood has seen a significant increase in recent years . According to data from Reporte Inmobiliario, at the end of January 2025 , the construction cost exceeded $3,670,706/m² (US$2,984/m²), including taxes and professional fees, and based on the blue dollar exchange rate for that month.This means that a 315 m² home would require a total investment of $1,156,272,392—more than $1 billion—which is equivalent to US$940,058 (almost a million dollars).
Compared to December 2024, when the total construction cost was $1,117,432,241 (equivalent to US$919,697 in the blue dollar at that month's exchange rate), the increase in pesos was approximately $38,840,151, representing a 3.48% variation in just one month.
The cost of building a home in a gated community or private neighborhood has increased significantly in recent years.
In this case, the house model surveyed reflects the typology of a very high-quality single-family home located within a gated community in the Buenos Aires metropolitan area. Built on a corner lot in a central block, with a lot area of 800 m² and 315 m² of homogenized covered area (50% semi-covered), it is built on two levels, with a setback from the property's dividing axes, creating gardens and parking space.
Why is the cost of construction increasing?
One of the main causes behind this phenomenon is the stability of the dollar or the fall in the value of the American currency in recent months , which means that increasingly more dollars are needed to build the same thing. For more than two years, costs measured in US currency kept pace with fluctuating inflation in pesos and constant devaluations. However, with the more moderate inflation in recent months and a dollar that has remained practically unchanged recently, construction costs have reached unexpected levels.This scenario is causing concern among builders, property owners in the construction phase, and subdivision developers due to the decline in demand. Uncertainty about inflation in pesos and the dollar exchange rate complicates project planning and execution.
"It can be seen graphically that prices at the end of January were already 60% above the peak seen in 2018, a factor that is worrying the sector," explains Reporte Inmobiliario.
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