BuySellBA
Administrator
It takes fewer dollars than two months ago to build a 315 m2 country house - La Nacion Propiedades
Source:
www.lanacion.com.ar
July 31, 2024
Although the price in pesos registered a new record in June, in dollars the market was favored because building a country-style property costs US$110,000 less than two months ago.
By Fernando Torres Ullmer
In June, a record value was recorded, however in dollars it is cheaper than in previous months. Luciana Mata
While country houses are increasingly expensive to build in pesos, the scenario changes in dollars. These homes, which satisfy the interest of people looking for a home further away from the city, reflected a drop in the cost of construction per square meter in the last two months, after reaching a historic record in April 2024.
In June, to build this type of house, with a total measurement of 315 m² , US$644,514 was needed , according to the latest report from Reporte Inmobiliario. A construction value that increased almost 65% above the value of June 2023 , when it was at US$393,002 . However, the June figure was US$110,000 below the month of April 2024 , when it cost US$755,128 .
Another interesting fact is that not only has the cost of building a house increased, but so has the interest in them . Therefore, not only has the pandemic influenced people to prefer to live in more peripheral and green areas of the city, but the advancement of the home office also did so . “The strong advances in technology have allowed a person to go live outside the city and not depend on being tied to the city to be able to work or study,” highlights the reasons Germán Gómez Picasso, founder of Reporte Inmobiliario.
The value of the construction cost per square meter in country-type houses reached US$2,046 in June , below the month of April (record in dollars) when it was at US$2,397/m² . However, if we analyze the market in pesos, the square meter had a value of $2,792,894 in June , which meant that to build a 315 m² house, $879,761,700 was required , a record figure in that currency that had never been reached .
Country houses are increasingly in demand RICARDO PRISTUPLUK
In other words, the rise in the dollar in recent weeks favored those who had dollars and wanted to build , since they had to use fewer bills to build the same square meter than if they had done so in May or April, when the value was, in dollars, more expensive than in June.
In March and April it had been more expensive to build in dollarsLuciana Mata
On the contrary, what had happened in March and April , when a house cost around US$755,128 , was that the dollar had been “flat” for several months and the price in pesos had increased by a large scale. “So more dollars were needed to build a square meter than at present,” explains Gómez Picasso.
Finally, the specialist concluded: “Looking ahead, there is a greater chance that costs will rise in dollars or remain high, based on the policy of the current Government, which is more likely to have a low dollar according to the measures it has taken in recent months.”
www.buysellba.com
Source:
Se necesitan menos dólares que hace dos meses para construir una casa country de 315 m2
Si bien el precio en pesos registró un nuevo récord en junio, en dólares el mercado se vio favorecido porque construir una propiedad estilo country cuesta US$110.000 menos que hace dos meses atrás
www.lanacion.com.ar
July 31, 2024
Although the price in pesos registered a new record in June, in dollars the market was favored because building a country-style property costs US$110,000 less than two months ago.
By Fernando Torres Ullmer
In June, a record value was recorded, however in dollars it is cheaper than in previous months. Luciana Mata
While country houses are increasingly expensive to build in pesos, the scenario changes in dollars. These homes, which satisfy the interest of people looking for a home further away from the city, reflected a drop in the cost of construction per square meter in the last two months, after reaching a historic record in April 2024.
In June, to build this type of house, with a total measurement of 315 m² , US$644,514 was needed , according to the latest report from Reporte Inmobiliario. A construction value that increased almost 65% above the value of June 2023 , when it was at US$393,002 . However, the June figure was US$110,000 below the month of April 2024 , when it cost US$755,128 .
Another interesting fact is that not only has the cost of building a house increased, but so has the interest in them . Therefore, not only has the pandemic influenced people to prefer to live in more peripheral and green areas of the city, but the advancement of the home office also did so . “The strong advances in technology have allowed a person to go live outside the city and not depend on being tied to the city to be able to work or study,” highlights the reasons Germán Gómez Picasso, founder of Reporte Inmobiliario.
The value of the construction cost per square meter in country-type houses reached US$2,046 in June , below the month of April (record in dollars) when it was at US$2,397/m² . However, if we analyze the market in pesos, the square meter had a value of $2,792,894 in June , which meant that to build a 315 m² house, $879,761,700 was required , a record figure in that currency that had never been reached .
Country houses are increasingly in demand RICARDO PRISTUPLUK
The reason why it is now cheaper than in previous months
“ In pesos it is always more expensive , and it will even continue to rise, even though inflation has slowed down. However, a particular situation occurred, and when the dollar rose , this made construction cheaper for those who had the bills,” explained Gómez Picasso.In other words, the rise in the dollar in recent weeks favored those who had dollars and wanted to build , since they had to use fewer bills to build the same square meter than if they had done so in May or April, when the value was, in dollars, more expensive than in June.
In March and April it had been more expensive to build in dollarsLuciana Mata
On the contrary, what had happened in March and April , when a house cost around US$755,128 , was that the dollar had been “flat” for several months and the price in pesos had increased by a large scale. “So more dollars were needed to build a square meter than at present,” explains Gómez Picasso.
Finally, the specialist concluded: “Looking ahead, there is a greater chance that costs will rise in dollars or remain high, based on the policy of the current Government, which is more likely to have a low dollar according to the measures it has taken in recent months.”
www.buysellba.com
