The Mexican Association of Real Estate Professionals (AMPI) estimates the real estate sector in the country will show a 6% growth rate in 2016.
This growth is positive after a crisis caused by the collapse of the US real estate market.
The real estate portal Lamudi unveiled the five cities in Mexico with the fastest growing real estate sectors.
Queretaro is the city of the country with the best real estate performance, where the sector contributes 9.7 percent of the state’s GDP, according to the report Panorama Property Outlook 2016.
This performance is due mainly to population growth in this metropolis, which consequently creates demand for housing, Lamudi said.
2. Mexico City
The real estate growth currently shown in Mexico City is driven by the construction of shopping malls, being that this year about 5,500 million pesos will be devoted to construction of these establishments, according to Real Estate magazine.
Merida shows a steady growth of its real estate market, particularly because of urban sprawl that is recorded in the White City.
In 2015, Merida’s Directorate of Urban Development reported 2,597 new homes, which resulted in 224,536.54 square meters of built area. Residential projects are concentrated mainly in the north of the city.
In 2015, the real estate sector of Tijuana grew 21% compared to 2014. In fact, buildings and more than 700 condominiums erected in 15 different projects between 2014 and 2015 confirm this progress.
The industrial real estate market is largely responsible for the excellent situation enjoyed by the real estate sector in Monterrey. In 2015, they managed to sell 450 thousand square meters, according to data from the consulting firm Jones Lang LaSalle (JLL).
more recommended stories
Wakanda Forever” actor to give presentations in Mérida
Josué Maychi, the actor from Campeche.
Married couple’s pickup truck overturns and ends up catching fire
A young man and his pregnant.
VivaAerobus leaves more than 120 passengers stranded at Merida airport
Due to bad weather, VivaAerobus cancelled.
Subject arrested as he was trying to get hit by a passing car on Paseo de Montejo arrested
Agents of the Secretary of Public.
Yucatecan Maya writer receives Award for Indigenous Literature of the Americas at FIL Guadalajara
Literature has the power to give.
25 year-old man choked to death in restaurant in northern Merida
A young man, 25 years old,.
Enjoy the ‘Paseo Navideño de las Flores’ with new venues in Yucatán
As part of the free options.
Yucatan, the state with the second highest number of active Covid cases
Yucatan has the second highest number.
Volaris cancels departure of flight to Mexico City from Merida airport
Shortly before 10:00 a.m., Volaris personnel.
Motorcyclists skid on Merida’s Periferico and narrowly escape death
This Friday morning, two motorcyclists who.