66 F
Mérida
Thursday, January 20, 2022
###

Mexico real estate a bright spot for investors

Latest headlines

New benches at ancient archaeological site anger Izamal residents

Modern slab benches detract from an ancient ruin at Izamal, neighbors say. Photo: Courtesy Modern-looking benches installed at...

Being a good neighbor to Yucatán’s roof cats and street dogs

Illustration: Juan Pablo Quintal García Cats replaced people as my friends soon after quarantine 2020 began. 

What my rescue dogs taught me

I thought I knew a lot about dogs until I took in two rescues. I was wrong....

Bus full of construction workers catches fire in Mérida’s north

A bus went up in flames just before 8 this morning in Mérida’s Francisco de Montejo neighborhood.
Yucatán Magazine
Sign up to get our top headlines delivered to your inbox twice a week.

Cabo North
Cabo Norte is a huge planned community planned on 309 acres north of the periférico in Mérida

Mexico is coping with plummeting oil prices and the devaluation of the peso, but there is one good reason for investors to stick around. The growth trend in Mexico’s real estate sector is expected to endure for the entire year.

Based on increased population, new infrastructure and pro-investor governmental reforms, real estate consulting firm Tinsa includes Mérida among nine cities in Mexico recommended to real estate investors: Mexico City, Guadalajara, Monterrey, Toluca, Querétaro, Puebla, Veracruz and Villa Hermosa complete the list.

These states will experience elevated levels of growth throughout the year and attract the great majority of the country’s foreign investment, representing more than 57 percent of the GDP, and more than 51 percent of the population, says Tinsa.

Housing developers will make a comeback after improving investor relationships. According to CONAVI, investment in housing sector will increase by 7 percent in 2016, and FOVISSSTE will invest more than MX$52 billion in housing credits.

21 new office buildings

Commercial infrastructure will not lag behind this year. Mexico City will see 13 immense new shopping centers throughout the year and the throughout the country, numerous corporate office buildings are in the works.

There were 21 new office buildings built in Mexico City alone in 2015, and it is predicted that 35 new towers begin to reshape Mexico’s skyline.

The demand for offices will increase by 29 percent in 2016, and they are being built taller and with more technology built in. Mexico City is expected to have vacancy rate of 13.2 and a price of US$28.02 per square meter.

Here are the trends inciting growth in the Mexican real estate market?

The Automotive Industry
The creation of new automotive plants including Mazda, Nissan, and Audi will set off investment in the development of stores, warehouses and ports.

Multipurpose Spaces
Space is limited, and if it is in Mexico City, it certainly is not cheap. Hospitals, malls, skyscrapers, and houses are beginning to appear in efficiency-minded projects that bring a variety of activities, business, and resources into one space.

Fibra Strengthens the Market
Fibra, or REIT in the US, are trust funds used to invest and manage real estate portfolios. These financial vehicles will boost the development of real estate everywhere. Fibras account for 2 percent of the GDP, and its success has led to the union of the 10 fibras as the Mexican Association of Mexican Real Estate REITs (AMFI).

With information from: Tinsa, CNN, Metroscubicos, Forbes and Obrasweb

 

- Advertisement -

Subscribe Now!

More articles

600 acres expropriated in Quintana Roo for new Mayan Train route

Mexico has seized 198 lots of land in Quintana Roo along phase 5 of the Mayan Train's path.

Omicron strain now dominant in Yucatán

The Omicron variant of COVID-19 now appears to be the most common form of the virus in Yucatán.

Exploring Tazumal and Casa Blanca in Western El Salvador

Though part of the Mayan world, archaeological sites in El Salvador have largely remained unvisited by all but the most avid adventurers. But this tiny country boasts several interesting sites full of unique features and blends of cultural traditions. 

Mérida slated to build nearly 100 new highrise towers

Housing and business developments in Mérida have historically been fairly “close to the ground,” but that seems to be changing.

Yucatán’s COVID hospitalizations begin to creep up

Over 3,000 new coronavirus infections were reported this week in Yucatán. On Sunday alone, 652 new cases were detected, and that's likely...

‘Angels’ spreads its wings to the Yucatán Country Club gallery

The "Angels" exhibit has expanded into the exclusive Yucatán Country Club gallery, on view by appointment. Photo: Courtesy

Yucatán wakes up to a cold and windy ‘Mukul’

Mark Callum, a Mérida resident originally from England, helped this Chevy's owner move a huge branch behind the Paseo de Montejo...

Mérida Fest to go forward despite COVID-19 surge

The Ayuntamiento has confirmed that in-person events scheduled for Mérida Fest 2022 will continue as planned.

Building in Yucatán to get even more expensive in 2022

Over the past several years, construction costs in Yucatán have risen sharply and all signs point to even higher prices in 2022..

Yucatán’s top 8 street junk food favorites

Walking through virtually any city or town in Yucatán a wide range of food vendors can be seen peddling goodies out of push carts, mobile stands, food trucks, and just about every other configuration you can think of.