According to Pedro Fernández Martínez, president of the AMPI, the real estate sector could be the driving industry for the economy after the pandemic.

This, because it has recovered faster than other sectors, especially the residential branch.

"Those who managed to adapt to the migration from offices to homes, managed to give continuity and value to housing in Mexico," he said.

In addition, the head of the AMPI affirmed that 95-98% of the inputs are national and the sector is the most important generator of employment in the country.

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However, he considered that there are sub sectors that have not recovered, such is the case of commerce and offices.

However, there are reconversion processes throughout the country that are pushing these subsectors.

Fernández Martínez estimated that, by the end of the year, the placement of loans will be above 10% and exceed 15.7% of GDP last year.

This assessment is supported by data from Infonavit, which indicates that 47% of home purchases belong to the generation of millennials, who detonate the sector.

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On this, the owner considered that young people are looking to buy their house, where they will also install their office to work comfortably.

The association will celebrate its 50th National Real Estate Congress, where the new leaders will be elected for the next period, from October 27 to 29 in Tampico, Tamaulipas, and it will be the first event to be held in person after the pandemic.

Those present will share their opinion on issues of leadership, digital marketing, public image, regularizations before the authorities, among others.

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Original note