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Strong increase in construction costs in US$ - Reporte Inmobiliario
Source:
Fuerte aumento del costo de construcción en U$S, noticias sobre CONSTRUCCION en Reporte Inmobiliario
Se dio a partir de la baja y posterior estabilidad del tipo de cambio. Creció más del 80 % en los últimos tres meses
www.reporteinmobiliario.com
March 26, 2024
It occurred due to the decline and subsequent stability of the exchange rate. It grew more than 80% in the last three months
The cost of construction measured in pesos slowed down its rate of increase with respect to what it had experienced during the last two months and increased by 9.04%, however the reduction in the price of the dollar and its subsequent stabilization in a range close to The $1,000 caused the rate of increase in the cost of building a m2 in dollars during March to be 26% compared to the previous month.
Thus, taking the price of the parallel market of the US currency, the cost per salable m2 reached 1,318.82 U$S and the total value to be invested in the construction of the typical building was slightly above one million dollars.
The construction cost in March, measured in nominal dollars, was thus the highest recorded since August 2008 (starting month of the series) and exceeded by almost 11% the highest level until then in mid-2018.
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