Tuesday, 26 May 2020

High Costs Challenge Construction in Costa Rica

construccion-sostenible-conceptos-apartamentos-apuestaQCOSTARICA – If in 2005 to build a home in Costa Rica cost about US$400 per square meter for 2014 it was around US$700.

Elfinancierocr.com reports that the single most cost increase is labor,  80% over the same period, according to analysis 7 realities of construction in Costa Rica can not ignore” made by the firm BildTeck.

What causes this and how it affects increasing the final consumer?

In Costa Rica labor is at least 4 times thanto build a house in countries like Australia and the US. While in the US the number of man hours needed to build a house is 9.4 hours per square meter, in Costa Rica it takes between 40 and 60.

- paying the bills -

Low labor productivity, on top of the cost of building materials, social charges and high costs of other materials such as energy, are preventing firms from being more competitive in an industry where both end house prices for completed works and gray works, exceed those in neighboring countries.

The price of materials such as cement, “… are added to other factors, such as rising inflation, which also pushes up prices … The cost of labor and the amount of man hours needed are added to the impact costs on the sector. ”

In 20 years the price of cement has quadrupled, there is a shortage of local competition that pushes those prices and resents the sector,” said Federico Amador, founder of BildTeck.

In Costa Rica the supply of cement is concentrated in just two companies, Holcim and Cemex.

Source: Elfinancierocr.com

- paying the bills -
- paying the bills -
Rico
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Ford hires company in Costa Rica for 100,000 key parts for artificial ventilators

(QCOSTARICA) The Ford Motor Company transformed one of its production lines...

El Salvador revives the issue of the ferry with Costa Rica in the face of land border blockade

(QCOSTARICA) The control established by Costa Rica at land borders, as...

MOST READ

MOPT recognizes that the vehicle restrictions is a business for the government

The Ministerio de Obras Públicas y Transportes (MOPT) recognizes that vehicle restriction has become a business for the government. "Although the health restriction is intended...

Number of recovered patients reveals that the Minsa has hidden cases of Covid-19 in Nicaragua

(TODAY NICARAGUA) Here is a simple math exercise: how do you get 199 recovered patients of the Covid-19 when you had only 25 confirmed...

Covid-19 cases went from 25 to 254 in one week in Nicaragua

(TODAY NICARAGUA) In a single week, the number of confirmed cases of the covid-19 in Nicaragua went from 25 to 254, while the official...

Coronavirus in Costa Rica: Confirmed cases now 897, 4 more truckers treated for covid-19

(QCOSTARICA) The Ministry of Health reported 15 new cases of covid-19 in the country in the last 24 hours, increase the total infected since...

Foreigner committing murder in Costa Rica cannot be denied citizenship

(QCOSTARICA) It is almost impossible to believe, but it is so. Officials from the Civil Registry of the Tribunal Supremo de Elecciones (TSE) have...

Coronavirus in Costa Rica: 12 new cases in the last 24 hours, six of them are minors

This Sunday, May 24, 12 new cases of Covid-19 coronavirus are registered in Costa Rica, of which six are minors, according to the case...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.