The country was immersed in the year 2020 in an economic crisis whose foundations were laid since the end of 2018 with the cancellation of the construction of the Mexico City airport, this decision coupled with the fact that the private initiative was not well seen in The new Regime, out of prudence, minimized investment and halted some activities in such a way that 2019 ended with a GDP growth of less than 1%.
Economic activity did not start better in 2020 and in March the sanitary tsunami arrived that took the country poorly prepared economically speaking and precariously organized to face such a health problem. The recourse to the closure of the population and the closure of non-essential companies to ensure the population’s subsistence deepened the economic crisis, and, even though as of June they began to return to work and productive activity grew, it was not enough to have a good year and GDP decreased just over 8% compared to 2019.
In the housing sector, production decreased by -16.4%, but inventory was used and mortgage loans for home purchases in 2020 totaled 364’500, compared to 355’500 in 2019. A circumstance that may not be present in the current year, even though fortunately the withdrawal of housing developers has been less in 2021, so that in February mortgage loans were 6% higher and 10% higher in money compared to February 2020 when The drastic decline in the economy did not begin, so growth is expected in this section higher than that of the economy, 10% for the housing sector, a 6.5% increase in the production of goods and services.
The numbers make us feel optimistic despite the fact that the problems that for years have not allowed the number of homes demanded by the country to be produced (around 750’000 per year), not only due to population growth, but also to go lowering the perennial lag in the number of rooms.
There are several problems that the sector suffers: to begin with, the lack of long-term urban planning that determines for each city the spaces that will occupy homes, services and the urban architecture that accompanies it: gardens, schools, health, commercial and sports centers, etc.
Planning must be long-term: 20 years and more, and civil society must participate in it so that their needs and how they would like to live are heard, therefore the plans do not necessarily have to be six-year and less three-year when they are renewed the municipalities.
Housing is an essential factor for the economic, social and family progress of people, the support that is granted should be one of the primary objectives of all levels of government, but of a house that is built under the applicable regulations , without promoting self-construction that leads to the precariousness of the rooms and their increase in cost, it must also be considered that the workers are not going to give up their work to build their house, someone has to do it for them and that someone will have a utility that now is criticism of the promoters who build them. In the task of making a home available to whoever needs and can pay, the new times urgently demand the participation of all: urban planners, developers, builders, suppliers,
Chairman of the Board of Directors of Banco Inmobiliario