We live in an age where real estate development is advancing by leaps and bounds, more and more residential complexes are under construction, while the internet offers endless real estate of all sizes, almost anywhere you want.
However, during the first four months of the year, a curious event has occurred in the purchase of real estate; residential and residential plus sales have been increasing quite a bit.
In this article, we will tell you how much the sales of this type of housing have increased and why they have become an interesting option for those who think about acquiring real estate.
How much has the sale of these properties increased?
The National Housing Commission (CONAVI) has reported that during the first 4 months of 2019, the sales of these two types of residential units have risen by 19.4% nationwide.
This has been a great surprise for the housing sector, since contrary to the sales of social housing, there has been a certain decline, which has caused real estate developers to concentrate on the acquisition of residential and residential plus type homes.
Another aspect for which sales have stood out was that some uncertainties related to the free trade agreement and its possible closure, in addition to the fact that the presidential election period has been overcome without any problem, which gives confidence to the people to acquire an estate.
According to data provided by the Federal Mortgage Society, the average prices of homes in general in states such as Nuevo León, Quintana Roo and CDMX have risen 9.5%, 11.8% and 12.1%, respectively. This is precise because of the low demand for homes of this type in the first 4 months of the year.
If we compare the rise in the prices of these homes in the residential and residential plus sectors, it can be seen that they have not suffered a significant increase, due to the fact that the acquisition operations of this type of home have gradually increased.
CONAVI reported that in relation to the previous year, residential sales are $ 30,000.00 per m2, while for residential plus, the m2 is valued at $ 40,000.00 from January 2018 to January 2019.
According to CONAVI figures, this same body created a ranking of the eleven cities in which there has been an increase in residential and residential plus sales.
Entities with the greatest increase in sales
It is worth mentioning that the CONAVI figures are from the first four months of this 2019, the first place is occupied by the CDMX, with a total of 1,959 residential sales and 1,379 residential plus; It is followed by the state of Nuevo León, with 1,258 residential units sold and 492 residential units sold. In third position is the state of Jalisco, with 1,095 residential and 436 residential plus.
The rest of the positions are held by the State of Mexico, Querétaro, Chihuahua, Guanajuato, Puebla, Baja California, Coahuila and Quintana Roo. Which represents a growth of 6.4% unlike in 2018, thus, in the past 4 months of this year 2019 the increase is reflected.
Something important to highlight with respect to the previously mentioned information is the type of states in which the increase in purchases of residential and residential plus has been reflected.
States such as Nuevo León, Jalisco, the State of Mexico, Querétaro and CDMX stand out as cities in which there has been a high growth of corporations, while in these cities with the exception of CDMX, they begin to be considered as megapolises, which increases the offer of residential units located in large complexes.
Thus, Leonardo González, an analyst at Real State, comments that:
“Metropolitan cities with a vertical building profile for the residential and residential plus segment represent the area of opportunity to capitalize on the benefits of a population with greater mortgage capacity.”
On the other hand, in the states of Quintana Roo, Puebla, and Guanajuato, they are more consolidated as tourist destinations, causing the capital gain of the residential ones to rise and with it the opportunities of being able to acquire a home in these destinations, for this same population with greater mortgage capacity.
Finally, the states that are located further north of the country, near the border, which are Chihuahua, Baja California and Coahuila, have remained on the rise because for certain population sectors of the United States, it is much cheaper acquire a residential or residential plus in these states.
For this reason, the sales of these properties have risen considerably unlike other northern states such as Durango, Sonora, Sinaloa or Tamaulipas.
It is time to think about a residential or residential plus!
Thus, the increase in residential and residential plus means a considerable growth in the displacement of real estate, an opportunity that can be well-taken advantage of to be able to acquire an estate, and our investment is safeguarded.
If your plans are to acquire this type of housing, you can do it through the mortgage loans that ION Financiera has. Through our financing line, we can grant you up to 10 million pesos in terms of up to 20 years.
Undoubtedly, this is an opportunity for all those willing to acquire real estate and be able to fulfill their objective, in the meantime, it only remains to wait for this “state of grace” in residential and residential plus sales to be maintained or increased further.