Vertical Housing Will Continue to Increase

As of 2019 and until 2024, the demand for vertical housing in the country will be approximately 3.6 million homes, which will mean that nearly 593,055 acres will be urbanized, according to a study by Softec.

In addition, he notes that the demand for this type of housing is due to the construction of vertical developments near workplaces, with affordable prices and easy access to services and transportation routes.

According to figures from the Comisión Nacional de Vivienda (CONAVI) (National Housing Commission), in 2017 there were 3,996 new homes built in vertical developments in the Guadalajara Metropolitan Zone and only 87 of the horizontal type.

The study says that although the beginning of the year will have a slow start, that will not stop foreign investment, which is estimated to have a growth rate of 10 percent (that is, 21 billion dollars in foreign investment), compared to the same period in 2018, according to the Asociación Mexicana de Profesionales Inmobiliarios (AMPI) (Mexican Association of Real Estate Professionals).

Vertical Housing Will Continue to Increase, Guadalajara Real Estate Guide

In the next 10 years it is estimated that there will be a demand for 3.6 million vertical units in the country, which will mean that more than nearly 593,055 acres will be urbanized.