The cost of building houses rises

According to data from the National Statistics Office (ONE), the Housing Cost Index (ICDV) has soared this month in some supplies compared to last July, especially materials and steel, concrete, aggregates, ceramic floors and breakers. . While others have gone down, such as wood and blacksmith items.

The rise in construction inputs has affected housing construction. Single-family homes have increased in price by 0.25%, two-level homes by 0.93%, four-level multi-family homes by 0.49%, and eight-level multi-family homes by 1.61%.

The increase in the ICDV between June 2021 and July 2022 rose 228.16.

Ceramic floors rose 1.37%, modules, counters and breakers rose 2.00%, aggregates 2.37%, concrete 4.21% and steel 9.35%.

On the other hand, lower prices are recorded for wood, elevators, cabinetmaking subcontracts, and blacksmith subcontracts, according to the ONE study.



The Association of Home Builders (Acoprovi) acknowledges in a press release that given the prices of construction materials, the sector is experiencing multiple challenges, “a reality that drastically affects real estate, economic inflation, and the increase in the cost of square meter of construction by more than 38%, according to the National Statistics Office (ONE) in its latest June report on the Housing Cost Index (ICDV)”.




The president of Acoprovi, Jorge Montalvo, referred to the issue in a statement on taxes on platforms for temporary rental of real estate, which he claims endangers the dynamism of the construction sector.

Montalvo said that the international situation has shaken all the foundations of the sector, from promoters to purchasers, who are the ones who are carrying the heaviest burden with the consequences of this scenario: increases in local labor rates and the increase in rates interest in mortgage financing, a situation that encourages purchasers to postpone the decision to buy a property for short-term rental purposes, projects that today represent an important part of the performance of the sector, and which has allowed growth in 23.4% in 2021.

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