Mexican real estate companies are betting on million-dollar investments in 2024

The Association of Real Estate Developers (ADI) of Mexico has announced a planned investment of more than 14.5 billion dollars by 2024regardless of the results of the June 2 elections.

According to Jaime Fasja, president of the ADI, this robust disbursement reflects the commitment of the association to the development of the real estate sector in Mexico and will be distributed in projects throughout the country, with a significant focus on Mexico City.

During his speech at the Real Estate Development Expo ‘The Real Estate Show 2024’Fasja highlighted that, despite the closure of President Andrés Manuel López Obrador’s six-year term in September, the ADI maintains projects that will extend over the next three to four years.

According to the EFE agency, the Confidence in the sector is based on the country’s economic fundamentalswhich, according to the business leader, are solid and predict continued and strong investment, beyond the change of government.

Regarding the political impact, Fasja expressed his confidence that the electionsin which more than 20,700 public positions will be contested, including the presidency and nine governorships, will culminate in an orderly transition that will not affect the economic stability of the country.

This optimism is based on the strength of national economic fundamentalswhich should sustain investment regardless of who is elected.

The president of the ADI also pointed out that the year 2024 is shaping up to be very positive for the sector, driven not only by ongoing real estate projects, but also by the growth in tourism and the phenomenon of manufacturing relocation, known as ‘nearshoring’. These factors are contributing to an increase in investment and job creation in the country.

Despite the optimism, Fasja acknowledged significant challenges, particularly regarding sustainable development and the management of resources such as water and energy.

He stated that the industry is already implementing improved techniques for use of these resourcesand stressed the importance of collaborating closely with the current government and the presidential candidates to develop a comprehensive infrastructure plan that accompanies and enhances growth and real estate investment in these areas.