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Over-supply of housing in Querétaro causes construction stoppage
Obras Expansión | August 07, 2020 |

The oversupply of housing in Querétaro has prompted the sector to stop half of the construction of the branch in the entity. According to information from the local delegation of the National Chamber of the Housing Development and Promotion Industry (Canadevi) there is an accumulated inventory of about two years; approximately 7,000 properties.

The problem of production in excess of demand was exacerbated during the pandemic, as the lack of commercialization was also added. During this year, sales have fallen from 35 to 40%.

Complete article (Spanish)



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