REAL ESTATE INVESTMENT
The real estate sector, like other economic sectors, during the health emergency affected world economic growth, however, during this first quarter of 2022 there is sustainable growth due to the sale of housing in large cities and tourist regions, according to the Mexican Association of Real Estate Professionals (AMPI); Likewise, the president of the organization, Florencia Azalea Estrada Lázaro, refers that after the first there will be an accelerated growth given the demand prospects of the generation known as millennials who seek to invest in real estate, this sector of investors represents 50% of the active buyers.
Economic growth in the Mexican southeast
The real estate sector in southeastern Mexico, where real estate investment rates have remained on the rise despite the health crisis, is mainly due to the tourism sector and represents an important pillar in the country’s growth, therefore, the Riviera Maya Located in the state of Quintana Roo, it is an excellent option to diversify investment, since it has managed to remain the second most dynamic economy in the country. It is estimated that for the 2019-2021 period an investment of 2 billion dollars was made in the state, diversifying the investment in the construction of resorts, vacation homes, shopping centers and hospitals.
Another part of this economic sector also shows positive growth results, according to Fibra Uno (Funo), the first real estate investment trust diversified into industrial, commercial and offices, reported increases of 8.9% in its total income and 9.4% in net operating income (NOI) in the first quarter of 2022 (1Q22), compared to the same period last year. I inform the Mexican Stock Exchange, that its revenues amounted to 5 thousand 849 million pesos, and the NOI to 4 thousand 616 million pesos, which made progress due to the 1.1% increase in the Gross Leasable Area (GLA) and the growth of 10 basis points in the occupancy rate of its properties, which reached a level of 92.6 percent. For its part, operating funds grew by 15.8%, to 2 thousand 385 million pesos compared to the first quarter of last year.
Regarding the industrial real estate sector during this first quarter, it showed a dynamic behavior by presenting a demand that exceeded 1.8 million square meters (m2) in Mexico, an increase of 42% when compared to the same period of 2021, according to the Solili real estate platform. He refers that among the markets that rebound in this demand is Monterrey, which is placed again, for the second consecutive quarter. Throughout the country, industrial demand is growing, some leasing markets stand out, such as Guanajuato, Querétaro, Tijuana, Reynosa, Ciudad Juárez, Guadalajara and Saltillo, which bring growth rates above the national average.
There is currently a total of 4.7 million m2 under construction, double what was reported in 2021, during this first quarter of the year the construction of 82 industrial buildings began, which together add up to a total of 1.4 million square meters
Mexico remains a pole of attraction for investment by manufacturing companies that bet on the country for its strategic location and the treaties signed with the world’s leading economies, which facilitate exports to third countries with low transportation costs and tariff benefits.
From the previous analysis, it can be concluded that the real estate sector, despite the fall in 2021, during this first quarter of the year shows significant growth. In the particular case of the state of Quintana Roo, the residential and commercial real estate industry has also been favored by the high demand of the tourism sector. Given this growth trend, making a real estate investment in the Riviera Maya becomes a low-risk, high-return operation. It is one of the most popular vacation destinations in the world, as evidenced by the figures and occupancy records.
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