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The Mendoza Engineering Center published its monthly report with updated housing construction costs for May 2025. The survey indicates that, for the second consecutive month , the total cost of building a home decreased slightly , driven by lower material prices and a stable labor force. How much does it cost to build a house in Mendoza? According to the study, building a 61 m² affordable home currently costs $64,643,774 , which represents a construction cost of: $1,059,734 per m² , equivalent to: US$ 963.39/m² at the official Banco Nación dollar ($1,100) US$ 917.52/m² at the blue dollar ($1,155) In the case of a medium-quality home of 136 m² , the total budget amounts to $193,373,232 , that is: $1,421,862 per m² , which translates to: US$ 1,292.60/m² at the official exchange rate US$ 1,231.05/m² at the informal dollar rate Trends: Low materials, stable labor During the month of May, construction materials registered a 1.51% decrease , while labor remained unchanged . On a year-over-year basis, the difference is significant: labor accumulated a 50.65% increase , compared to a modest 9.07% for materials , representing the smallest year-over-year increase since January 2018 . This behavior reflects an atypical scenario within the sector , as materials have led month-over-month increases in recent years. In contrast, the series for previous months shows a progressive slowdown: April: +10.16% year-on-year March: +14.03% February: +15.71% Outlook: Is it a good time to build? The drop in material costs—combined with stable labor and an exchange rate that allows for prices below US$1,000 per m² —could represent a window of opportunity for those who already own a lot and are looking to start construction. Current values ??are below the national average, which, according to various consulting firms, ranges between US$1,200 and US$1,500/m² , depending on the quality of construction. In Mendoza, the possibility of building a complete home from US$56,000 to US$85,000 , depending on the area and type, is becoming more attractive compared to buying used or brand-new properties . |
