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According to a survey by the association that brings together small and medium-sized construction companies in the province of Buenos Aires, the cost per square meter has increased by 39.59% so far this year.
The construction of one square meter requires more than $1.3 million, not counting VAT on materials and labor. This is clear from a report prepared by the Association of Construction SMEs of the province of Buenos Aires (Apymeco).
In May, the price variation in the sector registered a monthly increase of 3.74%, reflecting a slowdown for the fifth consecutive month. While labor was what became most expensive with 10.34%.
According to Apymeco, construction per square meter accumulated an increase of 39.59% from January to May. In the last 12 months, it registered a variation of 264.97%.
For its part, the sale of construction materials recorded a drop of 29.8% in May compared to the same month in 2023, according to the Construya index. During the first five months of the year, shipments were 32.8% lower than the January-May 2023 period.
How much money is needed per square meter built
According to Apymecos work, to build one square meter it took in May:
$1,343,284.83 or US$1,061.89 were required to build one square meter in May.
In April, $1,251.08 were needed per m2. Thus, the m2 was 15.12% more accessible in the fifth month of the year.
Which construction materials rose the most in May 2024
In May, the different materials had the following increases:
Accessories for water installations: they became more expensive by 8.49%;
Plaster: increased 2.97%
Vehicular ramp: increased 2.23%;
$1,343,284.83 or US$1,061.89 were required to build one square meter in May. (Photo: Télam)
$1,343,284.83 or US$1,061.89 were required to build one square meter in May. (Photo: Télam)
At the other extreme, the materials with monthly losses were:
Round iron: fell 2.93%
Fire protection installation: prices decreased 4.47%
Sanitary installation accessories: decreased 7.25%.
Read also: Strong year-on-year drop in the sale of construction materials: what happened in May versus the previous month
What happened to the sale of construction materials in May
Due to the recession, the sale of construction materials fell during the fifth month of the year. The Construya Group reported that in May shipments registered an improvement compared to April, but remained well below the quantities reached in 2023.
The Construya index measures the evolution of volumes sold to the private sector of construction products manufactured by leading companies in the sector. These products include ceramic bricks, Portland cement, lime, long steel, aluminum carpentry, adhesives and pastes, waterproofing paints, toilets, boilers and heating systems, taps and water pipes, floors, ceramic coatings, and electrical and electronics.
“Although current sales reflect a decrease of 30% compared to the same period last year, the Group highlights a positive change in the supply trend. In the last two months, the total amount of inputs shipped to the market has shown a slight improvement, after several months of continuous decline,” they explained. |
