Brazil: average building construction cost 2007-2023

Published by
Fernando de Querol Cumbrera,
Mar 12, 2024
The average building construction cost per square meter in Brazil in 2023 was over twice higher than in 2012. These figures take into account the basic costs of building construction, including materials, personnel, equipment, and administration. In 2023, the construction of a building cost on average 2,045 Brazilian reals per square meter. That year, labor costs in Brazil was the main contributor to construction costs.

Average building construction costs in Brazil from 2007 to 2023 (in Brazilian reals per square meter)

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Release date

March 2024

Region

Brazil

Survey time period

2007 to 2023

Special properties

These figures take into account the cost of materials, workforce, equipment, and admnistrative costs.

Supplementary notes

Figures calculated by Statista based on the average of monthly values provided by the source.

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