Real Estate Sector Grows

The recently concluded six-year term of President Peña was a period of great growth and orderliness for the real estate and housing sector in Mexico, says Alejandro Kuri, national president of the Asociación Mexicana de Profesionales Inmobiliarios (AMPI) (Mexican Association of Real Estate Professionals).

“In the first days of the federal government that ended in 2018, the Secretaría de Desarrollo Agrario, Territorial y Urbano (SEDATU) (Secretariat of Agrarian, Territorial and Urban Development) was created, which established the perimeters of urban containment, including new parameters for size, quality and location of housing, among other topics,” he noted.

During the XLVII Congreso Nacional Inmobiliario de AMPI 2018 (47th National Real Estate Congress of AMPI 2018), he said, “Over the past six years, things were improved in both quantity and quality, despite doubts at the beginning of the administration about the ability to accomplish the goals.”

He stressed that before the role that was given to public housing policy, exponential growth of the real estate industry without precedent was promoted, for the benefit of both Mexican and foreign consumers.

However, Kuri admitted that, despite the great advances during the administration of Enrique Peña Nieto, there were also several pending, such as lessening the housing backlog.

“We all believed that less housing would be built in the sector in the face of the new policy proposed; however, not only were better houses built and with a better location, but there were also many more compared to the previous six years.” —Alejandro Kuri, national president of AMPI.