One report looked at how much it costs to build a premium-category home in a gated community or neighborhood, including taxes and professional fees.
A Real Estate Report report revealed that building a premium category home in a private country or neighborhood, including taxes and professional fees, in the last days of April he approached the u$s2578.78 at the official price.
Now if we take into account the blue dollar, the figure is reduced by half: $1,243.14. This implies that March to April the cost depreciation was the second most important year-on-year after that of July last year (-16.32%), since it fell 14.38% month-on-month.
Based on these numbers, the construction of a property in US currency costs $391,590.66 based on the price of the blue dollar yu$s812,314.98 at the official exchange rate. The model property for the calculation was a dwelling with a surface area of 800 m2, on two levels, in a gated community in the Buenos Aires suburbs.
The budget includes costs of materials, equipment, labor, general expenses, freight transfers, help from unions and taxes. It also includes professional fees that were calculated at a rate of 13% of the cost of work per project, direction and administration of work. The term of work is 14 months.
The cost of construction went up 4.5% in March, well below the retail inflation data, and registered an increase of 17.2% in the first three months of the year, reported the National Institute of Statistics and Censuses (Indec).
The overall level of construction cost index (ICC) in it Greater Buenos Aires recorded a rise of 4.5% compared to the previous month, as a result of the increase in 5.5% in the chapter “Materials”, of 3.5% in “Manpower” and 389% in the item “General expenses”.
As for the rise in 101% in the Cost of Construction between March of this year and the same month of 2022 was driven by an increase in 104.6% in the Materials and 90.8% in General Expenses, while the value of Labor increased 99.5%.
Source: Ambito
