Published On: Sat, Dec 22nd, 2018

Real Estate sector in Northern Mexico expects a positive 2019

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The real estate sector of Baja California will close the year with figures similar to those of 2017, a market that is expected to rebound in 2019, motivated among other issues by the new federal government’s economic policies for the northern border states.

Gustavo Chacón Aubanel, president of the State Council of Real Estate Professionals of Baja California (CEPIBC), stressed that Tijuana is among the preferred cities nationwide for investors in 2019.

Currently this city has approximately 44 vertical projects in different phases which makes it more attractive, and the CEPIBC undertook commercial links with American counterparts in California to promote binational investments.

The CEPIBC brings together 10 real estate associations in the region of municipalities such as Tijuana, Mexicali, Rosarito, San Felipe and Ensenada, where real estate professionals are constantly trained to provide legal certainty to citizens in real estate rental, purchase and sale operations.

On the other hand, Chacón Aubanel regretted that the latest modifications made by Infonavit affect the purchase options in the free market for right holders, since accessing a home with its credits will be more difficult.

Finally, the President of CEPIBC added that one of the items with more demand is land, however, it is increasingly more complex to find the sizes sought by investors, especially in the downtown areas of the cities.




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