Overview
- Saturday’s Reporte Inmobiliario survey put construction costs at about US$1,324 per m2 for total area and US$1,788 per m2 for sellable area, with per‑project totals rising in pesos and dollars.
- Analysts and an Oficina de Inversiones report say dollar‑measured costs are roughly 59% above the 15‑year average because domestic input inflation outpaced a stable peso‑dollar rate.
- Official indicators show weakening demand and jobs pressure with INDEC reporting falling construction activity and IERIC recording about 4,000 formal job losses in July.
- Developers are responding by pausing or re‑scoping new projects, offering direct financing plans with long installment schedules, and cutting finish costs while protecting structure and insulation quality.
- Higher building costs make new units relatively more expensive than used homes and industry experts say prices are unlikely to fall quickly without big exchange‑rate moves or sustained disinflation.