Consorcio Ara considers that the housing sector in Mexico has registered a clear recovery in the second quarter of the year and this is demonstrated by the double-digit growth in operating income, EBITDA and net income.

Operating income was 150.9 million pesos, registering a growth of 41.4%. The EBITDA of 219 million pesos, grows by 55.9% compared to the second quarter of 2020. The EBITDA margin of 14.4%, increases by 170 basis points to the margin of 2Q20.

The consortium's total revenues grew 37.1% in 2Q 2021, compared to its annual comparison. Net income grew 97.9%, due to ARA's 50% stake in two shopping centers. The operating margin of 9.9% increased by 30 basis points.

The residential segment leads the total income of the segment in 70.5%, followed by social interest with 31.5% and average rate with 14.7%.

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The increase in units sold was 14%, where 28.9% of units correspond to the residential segment and the low-income and middle-income segments reflected 16.8 and 4.6%, respectively.

The good rhythm that has been maintained in the placement of mortgage loans by INFONAVIT, FOVISSSTE and commercial banks has been the differentiator of the recovery of the sector.

The changes originated from Infonavit, in terms of the new credit schemes, the change in the fixed annual interest rate, the fixed payments throughout life and the employer contributions paid directly to capital have impacted on the increase in loans.

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The biggest challenge that Consorcio Ara sees in its Commercial area is, firstly, training and adaptation to new sales models and, secondly, the reconfiguration of the prospect base to replace the profiling used with the old scheme of credits.

The consortium expects that the recovery of the housing sector will continue in the second half of the year.

In Solili you can find apartments for sale in the Narvarte, Colonia del Valle Norte and Doctores neighborhoods, among others.

Original note