DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/320d73/mexico_real_estate) has announced the addition of the "Mexico Real Estate Report Q4 2011" report to their offering.
Business Monitor International's Mexico Real Estate Report provides industry professionals and strategists, corporate analysts, real estate associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Mexico's Real Estate industry.
"Under pressure from the US' economic strife, some of Mexico's real estate sub-sectors will see only limited growth throughout 2011 and 2012. Despite solid export performance so far, the country is likely to remain an economic underperformer for the duration of our 10-year forecast period. Mexico is blighted by cartel activity, and needs significant tax or energy reform on the horizon to be able to overcome its structural fiscal weakness. However, demand for Mexican real estate is picking up in a pattern that started two years ago. Colliers International reports that demand for industrial space is being driven by the automotive industry. Guadalajara had the highest occupancy rates in the country, meaning the other three cities (Mexico City, Tijuana and Monterrey) had higher levels of vacant space - up to 30% for retail and office space.
Mexico has a huge housing shortage (somewhere around 9mn families are in need of suitable homes), and the government provides developers with subsidies and buyers with access to mortgages from the state agency, Infonavit, which provides up to 70% of the country's mortgages. One of the house-builders whose focus is on low-income housing is Corporacion GEO. It had a very successful first half of 2011, achieving a 10.6% increase in revenue.
Read more inside Mexico Real Estate Report Q4 2011
Companies Mentioned:
- Cemex
- Corporacin Moctezuma
- Desarrolladora Homex SA
- DINE SAB
- Empresas ICA
- Grupo Cementos de Chihuahua (GCC)
- Urbi Desarrollos Urbanos SA
For more information visit http://www.researchandmarkets.com/research/320d73/mexico_real_estate