Monterey, NL. The production of social interest housing it decreased 60% during the last 20 years, and currently only 40% is produced, despite the fact that the population has a greater demand since they are forming a family, however, their purchasing power does not grow at the same time as inflation. Entrepreneurs must find solutions to avoid social pressure, warned Rodrigo Padilla Quiroz, CEO of Banco Inmobiliario Mexicano.
“The demand for social interest housing is around 300,000 homes, it is much less than what the country needs. Nuevo León is one of the states that is best supplying this type of housing within the country’s picture, although it faces challenges such as population growth, migration dynamics and lack of water”, he indicated.
At the national level, it is estimated that the housing demand it is between 4 and 6 million houses, he noted.
On the other hand, the inflationary pressure for the construction industry is 17%, according to data from the National Institute of Geography and Statistics (Inegi), but it is a circumstantial figure, not an annual one, the manager explained.
“Supply chains are broken and you have a specific pressure in which prices are diverted, because at that moment the supply contracts, there is nowhere to get it.”
“We have a challenge, although it will go down (the inflation), the purchasing power of families is not growing at the same rate, this has caused that only 40% of social housing is being produced; 60% stopped producing, just when the population is at the moment of wanting to form a family and will need housing for the next ten years”, warned the manager.
Housing developers and those who finance it, such as the Mexican Real Estate Bank, must find a solution to avoid social pressures, and make an effort to innovate, for example, rethink the way it is built and the materials used, he suggested. .
Before achieving a good pace in the supply of social housing, there were often irregular settlements, invasions of land, now it is less, “but the absence of a healthy supply of housing will lead the market to find these types of solutions, and they will end up living in precarious conditions,” he stressed.
Inflation is going to decrease, although not enough for the sector to satisfy the demand for housing.
good outlook
“In Nuevo León we see a good outlook, economic activity in the region is going well, we must understand the global context, supply chains are being relocated, Monterrey could not be better located, to absorb the demand for housing and if we manage to capture of what is going to be relocated, we are going to generate many jobs”, anticipated Padilla Quiroz.
What the businessman has to do is look for those opportunities to produce what the market is demanding in the United States, the royal businessman understands it, “the reason why Nuevo León is so good in housing placement is because it has jobs” , emphasized the manager.
The trend is that in Nuevo León it will continue to maintain housing supply, one of the challenges is water, fortunately the technology and means are there for that, he concluded.
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