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Real Estate News The gated community cost in USD drops again - Reporte Inmobiliario

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The gated community cost in USD drops again - Reporte Inmobiliario

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Source:



October 23, 2023




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With the constant devaluations of recent weeks, construction costs continued to decline measured in dollars during August, once again reaching one of the lowest levels since the end of the Pandemic.The cost of building a premium category home in a country or private neighborhood, including taxes and professional fees, was almost 814,000 pesos per m2 at the end of August. To build the 315 m2 home that we analyzed month by month, the sum of $256,280,664 would be needed.The costs measured in American currency have been going up and down for two years at the rate of inflation in pesos and constant devaluations. The new devaluations in recent weeks put them again on another lower step at least by the end of August, this being the lowest measured in dollar bills since January 2021.


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We all know that the costs and price of blue have been constantly changing for months. If we add a 20% increase in pesos to the cost at the end of August and take today's dollar bill, the costs would be at an incredibly low level in dollars. ticket, below USD 1,000 per m2. We all know that this would be a snapshot and it is very difficult to estimate what would happen in the medium and long term in a process of elections, constant devaluations and unchecked inflation.

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