After a year in which construction costs increased sharplymany wonder how much it costs to build a property today.
Indeed, the current panorama for real estate developers it’s complexsince profitability is in the red. The point is that the cost of construction in dollars rose sharply at the end of 2023 and beginning of 2024, it continued like this in 2025 but In October it reversed although it did not last long because in November it rose again.
In pesos, the increase in November was 1.6% compared to the previous month, according to the construction cost index collected by the National Institute of Statistics and Censuses of the Argentine Republic (INDEC). This result arises as a consequence of the increases in 2.1% in materials,1.3% in labor and 1.6% in general expenses.
While In dollars, the cost of construction rose 4.7% in Novemberaccording to Zonaprop based on the Argentine Chamber of Construction (CAC), and is 105% above the level of October 2023, when the presidential elections were held. Building today costs three times more than it did in 2020 -the minimum of the series-.
In more specific figures, The salable square meter of used real estate was located in US$2214 in CABA in November, according to Zonaprop, while the square meter of supply of properties under construction (under construction) averages US$3,032/m². This situation complicates the income of developers, since, in Sometimes they must sell cheaper than it costs them to build, because the public does not validate their prices. Another alternative is to wait for the used stock to run out, so that demand validates the value of the well.
The specialized portal My Workwhich combines sector data with technology, It reveals the average construction prices day by day, of the materials most consulted by users.
Explain that Material values may vary considerably due to several factors. First of all, for the inflationthat in Argentina, inflation rates directly affect production and distribution costs, generating frequent adjustments. Also the demandsince, during the peak construction season, prices tend to increase due to higher demand for key materials such as cement and bricks. Lastly, they refer to the availabilitysince the limited supply of certain materials can influence their price, especially during periods of high construction activity.
According a survey carried out on the Mi Obra portal and on Mercado Librethese are the current prices of the following materials:
