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Pandemic will generate a 42% reduction in home sales in 2020
Informador | June 11, 2020 |

In 2020, specialists predict that the sale of housing will fall more than 42 percent due to the lack of inventory and the postponement of the purchase decision of Mexicans, caused by the uncertainty unleashed by the health emergency due to the coronavirus in the country. Gene Towle, CEO of real estate consultancy Softec, explained that this year they estimated that up to 200,000 new units would be sold, however, with the pandemic the number would drop to 140,000.

"We are going to have a quarter without production, we calculated that in 2020 200 thousand homes were going to be sold and due to a pandemic we thought that it would be the same and we reached 140 thousand," he assured.

Complete article (Spanish)

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