Residential construction cost increased by 22% in 2021
Real Estate Market & Lifestyle | December 21, 2021 |

The next four-month period will be key for the housing sector, since by April 2022, an increase in the value of homes may already be reflected, derived from the rise in the cost of supplies for construction that accumulated throughout 2021.

For developers, a turning point is coming for the second quarter of 2022, as the inventory that had to go out at prices heavily punished by the financial issue may be depleted.

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“Year after year, November against November, it is costing us 22% more to build each square meter, and this must necessarily be reflected in house prices.

I think that in April of the following year it will have to be reflected (the increase) because housing is not going to stop ”, highlighted Arturo Sánchez Carbajal, CEO of Grupo Reto.

He added that in a period of 90 days it will be a key time for people looking to acquire a home, since in that period there will be an opportunity to buy a house without the effect caused by the increase

The above, if they have liquidity or approved mortgage credit, to finalize the purchase of a home with significant discounts.

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“This business is characterized by pre-sales. It seems to me that those who are analyzing the acquisition of a house in 18 or 24 months, the next 90 days will also be a good time to acquire their home (in pre-sale) because the inflection point where this 22% is reflected, I have no doubt It will be seen in 120 days ”, he added.

During his participation in the "Real Estate Investments" program, led by Karim Goudiaby, founder and CEO of Neximo, explained that this variation will begin to be noticed in the second quarter of 2022.

In Solili you can check available apartments in  Obrera, Centro and Tacubaya

Original note

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