Pablo Vásquez, the new national president of the Asociación Mexicana de Profesionales Inmobiliarios (AMPI) (Mexican Association of Real Estate Professionals), reports that during 2019 it is estimated there will be growth of between 5.5 and 6 percent in the country’s real estate industry.
He points out that this could occur due to the public security policies promoted by the federal administration, which make the country more attractive, as well as the investment captured, both national and foreign, thanks to the signing of the free trade agreement between Mexico, the United States and Canada.
“They are indicators that continue to position us in an optimistic scenario for the next decade, despite the threats (internal and external) occurring day by day,” he says.
He stresses that the subsectors that will benefit the most are residential, luxury, vacation ownership and hotels, as well as housing for rent and co-living.
“The demand for rentals will continue on trend. We are at 16 percent, and I estimate that for 2019 it will reach 20 percent, but it will not stop real estate development, because there are investors who buy to rent.”
“We expect industry growth to accelerate after the second quarter, but for now it will be more controlled.” —Pablo Vázquez, national president of Asociación Mexicana de Profesionales Inmobiliarios (AMPI) (Mexican Association of Real Estate Professionals).