Between 2016 and 2018, given the appetite of middle-income home buyers in the Mexican capital, prices rose and caused part of the segment to migrate to residential. In addition to this, the increase in the cost of land and in procedures for construction licenses influenced the reduction of new projects.

In the opinion of Marisol Becerra López, Director of Consulting at Tinsa, this segment represents “a market opportunity for developers, given that 35% of households in Mexico have a C- and C socioeconomic level, with incomes between 30,000 and 50,000 pesos per month, while the current offer is 19%, so there is a gap of 16% that is not being addressed ”.

Complete article (Spanish)