Housing prices could close the year with an increase between 8 and 10%, mainly due to the rise in the costs of inputs such as steel and cement. For this increase to have less impact on the consumer, the phenomenon must be analyzed as multifactorial.

The specialists in a panel organized by En Concreto agreed on these opinions, including: Erick Olvera, vice president of the Vivó Group Advisory Council; Marco Salazar, Director of Administration and Finance at Inmobiliaria Vidusa and Otto Schmal, Director of Vertical Housing and Institutional Relations at Ruba.

The panel highlighted the importance of forming alliances between the entire value chain where the participation of the three levels of government and developers is essential.

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Experts agreed that the construction sector has become 20% more expensive, since the start of the pandemic in 2020, which is why they underline the need to act so as not to abandon the social housing segment with strategies that have to see from that lower-income workers continue to be subject to credit and cushion costs to reduce the impact on prices.

One factor that affects is the paperwork, so they agreed to improve the processes from the municipalities, states and even the federation, in a scenario in which the number in the Single Housing Registry (RUV) is increasingly reduced.

Otto Schmal trusted that the agreements that his company has had since the beginning of the year be respected so that costs do not impact the final consumer and that rather they can be modified to initial stages of production, since with this they can balance things, impacting the social interest segment less and sacrificing utility.

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Erick Olvera said that due to the fact that the demand for housing for the poorest sector has not been 100%, the invasion of land has grown exorbitantly in the country to 300% in the last two or three years.

He commented that they have made studies of the cost that this has for states and municipalities and is between 250 and 300 thousand pesos, so given the fact that it is not easy to serve with services, the quality of life is very bad.

Marco Salazar, agreed with the other two panelists on the effects of the increase in the costs of commodities, but also that regulation is very complicated at the three levels of government, as well as the reform of the Labor Law that impacted more on the administrative issue.

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Original note