Antonio Hanna Grayeb, president of the International Federation of Real Estate for the Americas (FIABCI) said in an interview that the real estate sector in Mexico has all the ingredients to grow at a rate of 6% during 2018, with areas that could even grow by above that percentage as the Bajío, the Riviera Maya and the Riviera Nayarita.

Currently, he said, the real estate sector represents 14.1% of the Gross Domestic Product (GDP) of the country, which makes it the second economic force of Mexico, being an industry in which 98.7% of its products and inputs are from national production, which generates 3 million jobs and has an impact on 78 branches of the economy.

The also ex-leader of the Mexican Association of Real Estate Professionals (AMPI) said that the projected growth for 2018 is practically the same level as that registered in 2017, which was achieved very much in spite of the economic adversities, mainly the increase in the cost of construction materials.

This upward trend will continue this year, driven by the dynamism of areas such as the Bajío and the industrial corridor that currently drives the Employers Confederation of the Mexican Republic (Coparmex), which runs from Querétaro, to Monterrey, passing through Guanajuato, San Luis Potosí and Zacatecas.