Overview

• The Índice Construya recorded an 8.23% monthly increase and a 15.8% year-on-year rise in March 2025, signaling a recovery in private construction activity.
• Construction costs rose 0.3% monthly and 49.3% annually in March 2025, below overall inflation rates, but dollar-based costs continue to pressure profit margins.
• Developers are optimistic about import liberalization, viewing it as a potential tool to reduce input costs and improve material quality.
• Investor interest in the construction sector is resurging, but experts emphasize the need for expanded financing options to sustain the rebound.
• The recovery's sustainability remains uncertain, with internal and external factors, such as economic stability and policy reforms, playing a critical role.