It is estimated that in mid-2024, the value of the institutional rental housing market in Mexico will be 43 billion pesos.

Currently, there is a record of around five thousand units of this class operated throughout the country. While about 7,500 are in the development stage.

In an interview with Inmobiliare, Eduardo González, general director of Fibra Haus, explained that these figures only contemplate assets in institutional income; however, the potential is even greater.

Check here: Housing loan growth is expected in 2022

This is due to the fact that, although housing rent is served by the informal market, there has been a change in consumer preference for professional rental.

“We estimate the market at 300 billion pesos only in rental income; of which 99% is informal and 1% is institutional ”, he commented.

Regarding the housing outlook for 2022, Andrés García, Director of Strategy and Investments at Fibra Haus, highlighted a favorable behavior in Mexico.

Which will be driven by the demographic bonus, since people between 18 and 50 years old, the bulk of the population pyramid, will increase demand.

Of interest: Cumbres Herradura, urban oasis to the west of the Valley of Mexico

In this sense, he indicated that the target audience of the Trust are young professionals and couples from 20 to 45 years old.

Likewise, he argued that leasing will be a growing trend, as the pandemic has modified social dynamics.

“Before everyone was looking to own a property, now we see a preference for flexibility and mobility. Something that institutional rental housing offers, ”he said.

According to Eduardo González, this sector has been little penetrated in a professional way. 

That is why Fibra Haus will be 100% focused on serving this market, once it debuts on the Institutional Stock Exchange (BIVA) in early 2022.

In Solili you can check available apartments for rent in Guadalajara and Mexico City

Original note