15% More Real Estate Investment Anticipated

During 2020, the Mexican real estate sector will invest a total of 685 billion pesos, which will be a trigger for employment in the country, reported Arturo Herrera, secretary of Hacienda y Crédito Público (Finance and Public Credit).

He stressed that this projection was made based on the investment commitments of all the chambers and associations of both the housing sector and the real estate industry.

“This industry is very important for the growth of the country, and growth is one of the challenges we have, as well as that of social mobility, so it is very important to allow employees to continue their studies.”

Herrera pointed out that the construction sector represents 20 percent of industrial activity, as well as 6 percent of Producto Interno Bruto (PIB) (Gross Domestic Product).

“We expect that during 2020 there will be 15 percent more investment than in 2019, when 598 billion pesos were invested.” —Arturo Herrera, secretary of Hacienda y Crédito Público.