Roberto Barrios, national president of the Asociación Mexicana de Profesionales Inmobiliarios (AMPI) (Mexican Association of Real Estate Professionals), said that growth is expected in the country’s real estate sector thanks to the housing deficit in Mexico.
“We see the future of housing with optimism, since several things have come together. The first is that there is a housing deficit in the country, and the second is that we have one of the lowest interest rates in the last 50 years and that they continue to fall. Finally, there is the demographic bonus that comes from being a still young society that provides new citizens who require housing. These three reasons give us peace of mind that the future of housing is promising,” he said.
He added that, according to data collected in the last census of the Instituto Nacional de Estadística y Geografía (INEGI) (National Institute of Statistics and Geography), the housing deficit in Mexico recorded 10 years ago was 4,000,000.
“The main opportunity for the real estate industry is in the mortgage interest rates, which are down to achieve market segmentation. However, we have an advantage: the housing deficit, because we have young couples who have reached the age where they require housing.” —Roberto Barrios, national president of AMPI.