The growth of vertical housing in Nuevo Leon would be discouraged by a greater formality that was added to it due to the new Urban Development Law, since it went from three to 10 procedures, this was announced by the director of the Housing Cluster, Víctor Salazar.
In addition, it is expected that in 2018 the housing sector in the entity will have a complicated scenario due to the increase in interest rates that would curb the mortgage loan and the impact of the new legislation, which would become a negative factor.
"It has many areas of opportunity, since you need to increase productivity through verticality; However, this legislation, as it was, totally discourages verticality in the metropolitan area of Nuevo León, particularly at a time when business models have to be favorable for the public in general to acquire housing. We see a limitation for the verticality of the paperwork proposed by the new law, "argued Salazar.
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