BuySellBA
Administrator
Uncertainty for private neighborhood Costs - Reporte Inmobiliario
Source:
www.reporteinmobiliario.com
September 05, 2023
September 5, 2023
Construction costs fell again another step measured in dollars during July, but doubts remain many in the future due to incessant inflation and strong fluctuations in the dollar.With the constant devaluations of recent weeks/months, construction costs fell another step again measured in dollars in July, once again reaching one of the lowest levels in more than two years. The cost of building a premium category home in a country or private neighborhood, including taxes and professional fees, was almost 670,000 pesos per m2 at the end of July.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 of recent weeks put them (temporarily?) at a lower level at least by the end of July and at one of their lowest values in more than two years:
As we said last month regarding July, another stronger devaluation continued to occur during August; With the initial dollar of this day ($723), the costs would have dropped another step, being below USD 1,000 m2, although we already know that increases in the dollar price are quickly transmitted to materials and also, to a certain extent. , in labor depending on how it impacts general inflation. We will have to wait until the end of August to see how the devaluations of these days finally affect costs.
Regarding the costs for the remainder of the year, the doubts continue to be more than the certainties despite already having the results of the PASO, we must not forget that it is a common practice to try to step on whatever the dollar price is. in times prior to elections, if this is achieved it is likely that they will increase in that period; Well, what we all know is that in pesos they will continue to grow at the rate of inflation, which not only does not ease but continues to intensify. And as we have been saying several months ago, “The cost in dollars is a real unknown for 2024 since there are no certainties about what the price of the dollar may be after the elections, especially given the results of the PASO already defined.” Another element to take into account is how a possible unification of the exchange rate (official-blue) would impact, since this would push the official dollar higher, surely making various construction inputs more expensive.
www.buysellba.com
Source:
Incertidumbre para Costos Country, noticias sobre COUNTRY en Reporte Inmobiliario
Los costos de construcción volvieron a bajar otro peldaño más medidos en dólares durante julio, pero las dudas siguen siendo muchas a futuro debido a la incesante inflación y las fuertes oscilaciones del dólar.
www.reporteinmobiliario.com
September 05, 2023
September 5, 2023
Construction costs fell again another step measured in dollars during July, but doubts remain many in the future due to incessant inflation and strong fluctuations in the dollar.With the constant devaluations of recent weeks/months, construction costs fell another step again measured in dollars in July, once again reaching one of the lowest levels in more than two years. The cost of building a premium category home in a country or private neighborhood, including taxes and professional fees, was almost 670,000 pesos per m2 at the end of July.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 of recent weeks put them (temporarily?) at a lower level at least by the end of July and at one of their lowest values in more than two years:
As we said last month regarding July, another stronger devaluation continued to occur during August; With the initial dollar of this day ($723), the costs would have dropped another step, being below USD 1,000 m2, although we already know that increases in the dollar price are quickly transmitted to materials and also, to a certain extent. , in labor depending on how it impacts general inflation. We will have to wait until the end of August to see how the devaluations of these days finally affect costs.
Regarding the costs for the remainder of the year, the doubts continue to be more than the certainties despite already having the results of the PASO, we must not forget that it is a common practice to try to step on whatever the dollar price is. in times prior to elections, if this is achieved it is likely that they will increase in that period; Well, what we all know is that in pesos they will continue to grow at the rate of inflation, which not only does not ease but continues to intensify. And as we have been saying several months ago, “The cost in dollars is a real unknown for 2024 since there are no certainties about what the price of the dollar may be after the elections, especially given the results of the PASO already defined.” Another element to take into account is how a possible unification of the exchange rate (official-blue) would impact, since this would push the official dollar higher, surely making various construction inputs more expensive.
www.buysellba.com
