According to La Nación, official figures from the Índice de Costo de la Construcción (Construction Cost Index) for Greater Buenos Aires, compiled by the National Institute of Statistics and Censuses (INDEC), show that construction costs rose 2,6% in June and reached 16,7% for the year to date in 2026. Developer profitability remains in negative territory, and the sector agrees that costs are not going to fall considerably.
Developers cited by La Nación describe the current situation as difficult, saying it is easy to list what should happen, the pending tasks that remain unresolved. They add that their companies are suffering circumstances in which costs have soared while prices have barely risen, at the same time that mortgage credit is weakening. Developers agreed that the rise in construction costs has compressed profit margins, forcing companies to pursue greater productivity and design excellence. One analyst quoted in the article, Damián Tabakman, said that previously those entering the market without expertise still did well because the numbers were comfortable, but that this is no longer the case. He added that developers with a better reading of the market will succeed, not only in the premium segment but among those who find a distinct product with disruptive strategies and financing options.
In dollar terms, the construction cost per square metre for sale reached US$1.741 in June, according to Reporte Inmobiliario, a decrease of 2,35 percentage points compared with the previous month. La Nación notes that during June the exchange rate used for the conversion rose faster than costs measured in pesos, which reduced the budget expressed in the US currency.
Developer Kiperszmid, also cited in the article, said that after the national elections of October 2025 there was a strong positive shift in expectations. Looking ahead, he expects cost stability, pointing to existing stocks of imported inputs and to idle capacity at Argentine plants that produce construction materials.