At the end of 2023, the Fibras had an investment in real estate assets of 800 billion pesos, according to the sector.
Investment in real estate assets reached an increase of 22 percent of Fibras, even though the world faced a challenging context determined by an economic slowdown, volatility in the markets, inflationary pressures, war conflicts in Eastern Europe and the Middle East, as well as various events caused by the Covid-19 pandemic, explained Josefina Moisés.
The general director of the Mexican Association of Real Estate Fibers (Amefibra) stated that at the end of 2023, they had an investment in real estate assets of 800 billion pesos, while in 2021 the money injected into projects was 655 billion pesos.
He added that the Fiber sector will continue to grow and face challenges in 2024.
“There is a complex environment, in which monetary policy actions were aimed at promoting orderly behavior of the markets and promoting an environment conducive to generating higher levels of investment and economic competition.
“Only during the 2021-2023 period, showing growth above 20 percent in its profitable area, while the value of investment in real estate assets reached an increase of 22 percent, equivalent to 800 billion pesos in more than 2 thousand properties managed professionally in all the states of the country this year,” he explained.
The board hopes that this year will be full of opportunities for Mexico’s real estate sector, since the trends that will mark this period not only reflect a change in the way we conceive our homes, work, and entertainment spaces, but will also be a call to smart investment.
“We will see many developers incorporating sustainable practices and new technologies continuously, in all stages of the process, as well as responding agilely to the changes in preferences set by the market,” he highlighted.
The Mexican real estate market, I have considered, has evolved significantly in recent years, and in 2024, some primary trends are the increase in sustainable buildings, urban verticalization, and the rise of tangible assets.
He added that urban verticalization will continue in momentum, seeking for its inhabitants to increase their quality of life, making the most of their time and space, by establishing themselves in places where they must travel a maximum of 20 minutes to satisfy their daily needs.
An example of this is the real estate projects that offer design and good finishes in the fastest growing areas of Mexico City such as Polanco, Del Valle, and Santa Fe, I have explained.
In Nuevo León, in areas such as Monterrey and San Pedro Garza García, it is a trend in the areas with the largest population in the country, he said.
“In times of economic uncertainty, investors seek refuge in tangible assets with attractive long-term returns, this translates into an increase in demand for real estate as an investment,” he concluded.
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