As the coronavirus pandemic has progressed and worsened, homebuilding companies have had to "tighten their belts" to survive; which has implied a deficit in the resources available to carry out constructions and satisfy the population's demand for properties.

During 2020, the year in which the health contingency began in Mexico, the construction of this type of property registered its lowest level since 2013. The Single Registry of Housing (RUV) indicates that 157 thousand 808 units were built, which which represents a contraction of 23 thousand homes compared to the previous year, that is, -13%.

According to the Solili platform, one of the residential corridors in Mexico City, Polanco, has 694 properties that may be available for rent or sale.

Click here to obtain detailed information on the extension, location and vacancies of the Polanco corridor and others in the capital.

Due to the economic crisis, people were also more cautious to buy and transferred their interest to income. However, the mortgage placement and the amount of financing fell only 1% in the year, indicate data cited by the newspaper Reforma.

As a result, 16% of the market for apartments and houses with a value between 1 and 2 million pesos was left unattended. In the first quarter of 2020, the country's capital had a housing stock of 1,299 vertical and 89 horizontal projects, of which 19% were in the middle segment. This represents a decrease of 24% during the period from 2015 to 2020.

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