Published On: Fri, Jun 16th, 2017

Real Estate in Querétaro is leader nationwide

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The state of Querétaro ranks first on real estate growth nationwide, just below Mexico City, Monterrey, Riviera Maya and Los Cabos, reported the national president of the Association of Real Estate Professionals (AMPI), Beatriz Gamboa Lago.

Gamboa Lago mentioned that the exponential growth on the subjects of commerce, tourism and industrial areas, has boosted the demanding for housing in Querétaro, in addition to a wave of immigrants from México City who are flooding the neighboring state.

To approve the new real estate regulations for agents and companies, the support from state and municipal governments has been necessary. This initiative is aimed at boosting the housing sector statewide.

“Querétaro leads the real estate market sector, thanks to its strategic position. And especially due to the industrial parks established here and the boosting triggered off by the automotive industry and the tourism sector”, the official underlined.

“In Querétaro, real estate shows lower prices than those offered in México City or Nuevo León”, added Gamboa.

The challenge is to preserve the public safety, as well as to improve public transportation and mobility.

The local authorities must continue to work on attracting new investments and improving the lifestyle of all Querétaro’s residents, without disregarding tourism and business development.

In terms of real estate activity, “el Bajío” region is one of the most powerful areas of México. Among the cities with record great figures there is: León, San Luis Potosí and Guanajuato.

Around 3,000 real estate transactions are carried out per month at the national level.

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Housing in Querétaro (El Financiero)

“The using of real estate for money laundering has been reduced almost to zero, thanks to the implementation of the “Law to combat money laundering”, which eliminates the possibility of carrying out real estate operations with high amounts of cash, among other policies”, explained AMPI’s president.

On Tuesday June 13, AMPI and the National Council for Standardization and Certification of Labor Competencies signed a collaboration agreement to promote the certification of Real Estate Professionals as a public policy.

During 2016, real estate activity in the metropolitan area of ​​Querétaro grew 8.4 percent and represented an economic impact of $23.9 billion pesos (1.2 billion USD) that corresponded to a total of 23,983 real estate transactions.

Real estate services represent 8.4 percent of the Gross Domestic Product (GDP) in the state of Queretaro, for a total of $33.66 billion pesos ($1.8 billion USD), as the construction sector contributes 12.7 percent of the GDP with $51 billion pesos ($2.8 billion USD) .

Source: http://www.elfinanciero.com.mx/

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