Home Headlines Construction material is getting more and more expensive in Quintana Roo

Construction material is getting more and more expensive in Quintana Roo

by Yucatan Times
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Construction companies notice increases in materials such as cement, blocks, furniture, and bathroom accessories.

The construction sector estimates that by 2024, the construction of “social” and “medium” housing in Quintana Roo will increase its cost by 18% and 22%, respectively, due to the increase in materials and labor.

Information from the National Housing Chamber details that for the following year, Quintana Roo is expected to report an increase in demand for homes, due to the new opportunities that the Mayan Train is expected to generate. However, not everyone will have the opportunity to purchase one.

It is expected that the cost per square meter of construction in the Mexican Caribbean will reach 6,896 pesos for the social interest rate; But in the case of a private project, a “simple” home without an architect’s design or work supervised by a social engineer, in a space of up to 70 square meters, it will be worth 9,281 pesos per square meter.

In the case of medium-interest houses, the price will reach 14,583 pesos per square meter, when this year it was close to 11,374 pesos. Again, a job on private property will be more expensive, since with a better design than one of social interest and on a floor of up to 240 square meters the price will be around 19,592 pesos.

It should be noted that these prices are above the national average, and Quintana Roo will be the sixth entity in the country where it will be most expensive to build a home.

And the reason is due to the expected increases in materials such as cement, blocks, bathroom furniture and accessories, ready-mixed concrete, ceramic tiles, rebar, wire rod, aluminum, copper pipes, as well as the work of masons, construction supervisors, engineers and architects.

However, this increase will be much lower than that reported in 2017, when the cost of constructing so-called “micro-houses” skyrocketed by 26% and medium-interest homes by 31%.

TYT Newsroom

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