The cost of construction in the city of Buenos Aires slowed down in January per second consecutive month by climbing 1.4% compared to 2.1% of Decemberbeing below the Buenos Aires inflation that reached 3.1% in the first month of the year.
At the year -on -level, the cost of the construction of the city of Buenos Aires (ICCBA) experienced a 52.9% increase in Januaryaccording to the data provided by the Porteño Statistics and Census Institute.
In this way, the indicator reached a general value of 23,892 points, mostly composed of the prevalence of the rise in The workforce, which climbed 109% year -on -year, followed by the general expenses that climb 72.7% in a year, while the materials appear with an increase of 27.3%.
In the detail of the behavior of the work items, that of other works and expenses appears such as the one with the greatest increase with a rise of 102.6% interannual; followed by preliminary works and excavations, where prices increased by 80.8%; and the plaster and ceiling, where they climbed 73%.
Some steps below appear the costs of the glasses and crystals, which took 66.8%, while those in the paint rose 66.3%; and those linked to masonry had an increase of 65.2%.
Construction cost: monthly behavior
In the monthly analysis, labor increased 2.7%, general expenses 1.8%and 0.5%materials. With regard to the work item, preliminary and excavations works recorded the greatest increase, with 2.6%, while the health installation was the only sector that showed a slight decline of 0.7%.
Regarding the salary cost of the construction, the report revealed that in January there was an increase of 2.5% compared to the previous month and 108.7% in interannual terms, based on the impact of joint negotiations and the salary recomposition.
On the other hand, the construction cost per square meter in the city reached $ 1,123,620.58 on average. This cost does not include the Value Added Tax (VAT), the purchase value of the land, the construction rights and the permits/authorities of the CABA, as well as the financial expenses or the usefulness of the construction company.
Source: Ambito
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