The cost of the expenses in buildings consolidated an upward trend throughout 2024. This increase is driven by various factors, such as increases in basic services, maintenance and salaries.
Buildings were not immune to inflation, which, in November, registered an increase of 2.4% with a cumulative variation for the year of 112%. In year-on-year terms, the increase was 166%, and housing, water, electricity and other fuels increased 4.5% in November, mainly due to increases in rent and services.
How increases in expenses impact
According to data collected by the ConsorcioAbierto.com system, the expenses in CABA they increased 155% in the year. In November, the expense average reached $238,957, which represents an increase of 7.91% compared to October ($221,441), higher than November’s inflation of 2.4%.
When compared to November 2023, the year-on-year increase in expenses is from 212.69%thus exceeding inflation of 166% year-on-year.
The expenses They also rose significantly in other provinces. In the Province of Buenos Aires, the expenses They increased by 160.53%, reaching an average of $98,551 in November (4.17% more than in October). In Cordova The increase was 161.07%, with a expense average of $89,489 in November (0.18% more than in October). In Santa Fe the expenses increased by 164.32%, with an average of $88,405 in November (3.03% more than in October) and in Entre Ríos they increased by 117.55%, with an average of $40,361 in November (6.65% more than in October).
What are the main expenses of the consortia?
The ConsorcioAbierto survey carried out among 10,000 consortia that use its system identified that the 5 main expenses of the consortia in CABA in November correspond to staff salaries (35%), operating and maintenance expenses (26%), public services (14% ), administration and management (12%), extraordinary maintenance and works (7%).
In the Province of Buenos Aires, the 5 main expenses of the consortia in November correspond to staff salaries (38%), operating and maintenance expenses (27%), administration and management (12%), public services (8%), extraordinary maintenance and works (7%).
As the size of buildings increases (depending on the number of functional units), the impact of the salaries item on the total cost tends to decrease. “This reflects an economy of scale in the cost of salaries, where larger buildings distribute this expense among a greater number of units, thus reducing the percentage weight of the item in their total costs,” he explains. Albano Laiuppadirector of ConsorcioAbierto.
The 3.5% increase in managers’ salaries impacted these expenses. As for what is expected for the coming months, there is the second installment of the SAC (bonus) that is collected during December, added to the annual bonus of 20% on the base that the consortium workers will also receive.
Source: Ambito
