Building in Guatemala is Increasingly More Expensive

Prices of materials such as iron rods and cement, among other things, have gone up compared to 2010.

Monday, July 25, 2011

The rise in the price of oil and other raw materials at international level is one of the main reasons for the sharp increase observed in the prices of building materials in Guatemala.

The price of iron, a major material in construction, rose between 35% and 50% last year, depending on the caliber and quality.

The case of cement is similar, its price rose about 11% between June 2010 and September this year.

An article in Prensalibre.com states: "These products are part of a list of about 209, which includes everything from building materials to finishing supplies, of which 158 reported increases only 51 reported reductions.

Manolo Monzón, an architect by profession and general manager of the Building Company, said that the cost of materials has risen about 15% over the last year.

Alvaro Mayorga, second vice president of the Guatemalan Chamber of Construction, said the increase is a natural process caused by higher oil prices, and one of the challenges for the sector is to generate new construction technologies that do not depend so much on oil and employ creative alternatives using other building materials. "



More on this topic

Construction Costs Keep Rising

June 2018

In the Dominican Republic between April 2018 and the same month in 2017, the Direct Housing Cost Index registered an increase of 8%.

The National Statistics Office reported that " ... In April 2018, the Index of Direct Costs of Housing Construction (ICDV) was 148.84, on average. The Index registered a monthly variation of 0.78%. It is higher compared to the figure seen in the same period of the previous year, which was 0.45%."

Increase in Construction Costs in Guatemala

November 2013

The increase of 13 % compared to 2012 is mainly due to changes in international prices of construction materials.  

In the capital city the cost of construction of an apartment building is about $1267 per sqm, while in the metropolitan area and its surroundings the cost is $1,169 per sqm." In relation to 2012 , the increase is 13 %, because in that year, what was paid in the city was $1,112 and $1,042 in the surrounding area", reported Prensalibre.com.

Rising Prices of Construction Materials

January 2013

In Panama cement prices increased between 11 and 12% from the first of January, and other materials are also rising.

Capital.com.pa reports that "With the construction boom and the arrival of the dry season, the country’s hardware stores have begun to record price increases in many of its products."

Soaring Construction Costs in Guatemala

January 2012

Materials and other inputs saw rises of 25 percent in 2011, with a quintal of iron having the highest price increase.

Construction materials experienced a 25.6 percent increase last year, compared to prices in 2010. A quintal of iron was the item with the most notable rise, going from Q337.7 ($ 43) in 2010 to Q423.58 ($ 54) in 2011, reported PrensaLibre.com.

 close (x)

Receive more news about Infraestructure & Construction

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Cemex Costa Rica S.A

Organization that operates in Costa Rica.
Phone: (506) 2201 2000 - (506) 8861 7545

Company Profile

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Dec 3)
Brent Crude Oil
48.11
Coffee "C"
119.25
Gold
1,836
Silver
24.125