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Real Estate News The cost of building was reduced by US$ - Reporte Inmobiliario

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The cost of building was reduced by US$ - Reporte Inmobiliario




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June 25, 2024


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In June, based on the evolution of the blue exchange rate, the construction cost decreased in dollars
In June, constructing a building of just over 1,000 total m2 in horizontal property with 8 floors, yielded an initial budget that exceeded one billion two hundred million pesos.

The cost of construction measured in pesos continued to slow down its rate of increase in pesos, especially in relation to the rates recorded during the first two months of the year. At the beginning of the sixth month of the year, the increase compared to the previous month was 4.5%

As the stability of the exchange rate was broken, which was close to $1,000 per dollar, there was a reduction in the cost of building one m2 in dollars that reached 11.28% compared to the previous month.

Thus, taking the price of the parallel market of the US currency, the cost per salable m2 was reduced to 1,276 U$S and the total value to be invested in the construction of the typical building was slightly above one million dollars.


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