The investments in real estate have always been those that offer greater stability in the long and medium term , even in times of economic crisis like there was in the early COVID-19 pandemic.
One year after the start of the contingency for the Coronavirus Pandemic, real estate investments have strengthened despite the pause in demand, that is why it is a good option to protect and grow your money . If you are not convinced about investing in a property, keep reading, we will tell you the reasons why you should do it.
Why invest in real estate in 2021?
For many, the idea of investing despite the economic instability that has existed since last year, is a far-fetched idea. However, it must be considered that although some sectors weakened a lot, -such as the tourism sector-, others remained solid or strengthened. One of the sectors that remained is that of real estate ; This is due to the reforms of the Infonavit and Fovissste laws , as well as mortgage credit rates below 7% , which allowed the acquisition of real estate to be accessible.
According to data from the Federal Mortgage Society , home prices in Mexico were increasing slightly in the third quarter of last year; real estate agents expect prices to remain down during the first months of the year and then have slight variations. In addition, low prices will allow homes to have up to 17% equity in five years .
With the arrival of the COVID-19 vaccine and the opening of national and international trade, various industries are expected to resume paused projects and begin to develop new ones. These innovative projects are expected to meet new real estate trends; Now they are looking for homes that have green or outdoor areas , as well as spaces where different activities can be carried out without leaving home, such as studios and gyms.
The best places to invest in Mexico
1. Yucatan
The real estate sector in Yucatán has been growing for a few years, which has made it a favorite of national and international investors, as well as vacationers. With the construction of the Mayan Train , it is estimated that in 2021 real estate and tourism investments will amount to more than 4,500 million pesos.
Between 2019 and 2020, the average price of homes in Yucatán increased 12.2%, and it is estimated that they can be up to 50% lower than in Mexico City. The price per square meter of construction is much lower than in other areas of the country.
2. Quintana Roo
Quintana Roo, is one of the most important places for the tourism sector in the country. It is an important option to invest because it has the most popular paradisiacal destinations in Mexico: the Riviera Maya, Tulum and Cancun , its most populated city and the most visited by foreign tourists in Latin America from 2017 to 2019 . Quintana Roo continues to be a favorite destination for tourists, because in addition to the experiences it offers, it has all the health measures to provide a fun but safe trip.
In addition, the Cancun International Airport is the second largest and busiest in Mexico , with around 25.5 million passengers, just after the AICM. Quintana Roo is a state that always hosts visitors in search of adventure and needs, of course, a place to stay.
Tourism and the growing arrival of residents keep the economy in a stable and healthy state, also increasing the demand for real estate, offering the possibility of a solid market and guaranteed capital gains for properties.
Between 2019 and 2021 Quintana Roo plans to receive a foreign investment of more than 2 billion dollars for the construction of real estate developments that include:
- Shared time
- Vacation Homes
- Malls
- Mega Resorts
- State-of-the-art hospitals
3. Zapopan, Jalisco
It is one of the main cities of Jalisco, a state with great industrial activity that makes it one of the most important in the western part of the country. Zapopan has seen an increase in capital gains and real estate development , making it one of the most recommended cities to invest in 2021.
It was the city that in 2019 had the highest variation in the price of its properties , a position it maintained in 2020, according to the SHF Housing Price Index .
4. Saltillo, Coahuila de Zaragoza
Coahuila is a developing state, with a lot of potential and areas of growth. Specifically speaking, Saltillo , its capital, is considered one of the cities with the highest growth in economic activity , according to the Mexican Institute for Competitiveness (IMCO).
In addition, Saltillo has a very low insecurity index and, on the contrary, an economic growth of 16.9% .
Saltillo is considered a great power to attract local, national and foreign investors, thanks to the security indexes and the facilities offered to investors. Thanks to the Regulatory Improvement promoted by Mayor Manolo Jiménez Salinas in 2018, bureaucratic procedures have been reduced for those who wish to start a business in the city, generating jobs and economic growth.
Despite what happened in 2020 as a result of the COVID-19 health crisis, the real estate market knew how to adapt to changes and grow in every way. For 2021, the real estate market is forecast strong and will continue to be one of the safest investments in times of crisis. Protect your money in good investments!