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
Hot Sale 2022: what is it, when does it start, offers and payment methods
From May 23 to 31, the.
There are 100,000 people missing in Mexico
This Monday, the mark of 100,000.
Difficult decision: Ambassador of Mexico in Canada resigns from his position
Juan José Gómez Camacho, Mexico’s ambassador.
Mexico must be self-sufficient in food: Amlo
Mexico must produce the food it.
German company Preh to open Engineering Development Center of the Southeast of Mexico
A cutting-edge center in automotive technology.
The continuation or suspension of section 5 of the Mayan Train in the hands of a Mérida judge
A federal judge in Mérida postponed.
For this hurricane season, Conagua forecasts 20 cyclones, two could be category 3 to 5
The season in which tropical systems.
Bus overturns in Querétaro leave at least 12 injured, 4 in serious condition
San Juan del Río.- A passenger.
These are the hurricanes that would reach Yucatan during 2022
The 2022 Hurricane Season will begin.
Asthma cases double in Yucatan (SSY)
Figures from the Federal Health Secretariat.