The construction sector was one of the most affected by the Covid-19 pandemic in the country, due to the stoppage of works due to the closure of non-essential activities, which caused significant economic losses and thousands of jobs.

However, this industry has been recovering little by little in recent months; Therefore, according to figures from the National Institute of Statistics and Geography (Inegi), during the month of August 2021, the real value of the production of construction companies registered an increase of 6.2% compared to the same month of 2020.

In this regard, Ramón Comellas, commercial manager of Mezcla Brava, pointed out that the pandemic delayed the construction processes of the works that were scheduled for 2020 and 2021.

He added that, in the case of housing, where there was a greater impact was in the Middle and Residential segments; while Social Housing managed to keep up with the indicators that were programmed, although with slight delays.

Check here: Challenge and opportunity brings the real estate conversion

Likewise, Comellas indicated that there was a significant increase in production costs; since products such as steel and materials for mixtures and finishes had increases of 15% to 18% in their prices.

However, he stated that, in recent months, there has been a gradual recovery for the construction sector, where he has identified that 60% of the projects are in the finishing, coating and painting phase; 30% in the process of black work; and only 10% in foundation processes.

In this sense, he considered that 2022 will be a year with many challenges and many opportunities for the industry, where they observe a new generation of proposals that allow them to be much more efficient in the construction process.

Comellas believes that developments are being reinvented, projects that were intended, for example, for offices, are now changing to mixed uses and this will bring good prospects.

Of interest: Industrial developers benefited from the boom in built to rent in Mexico

The specialist highlighted that one of the main challenges that the sector will face during the next year has to do with the operation of the projects and recovering the demand that was had before the pandemic; as well as giving incentives both for people to acquire a property and for developers to invest in various projects.

“I think an interesting challenge is coming. I think banks are doing a good exercise by keeping interest rates competitive; however, the Government will also have to look for options to improve certain processes that later slow down the start of the works, "he mentioned.

On the other hand, Comellas commented that developers are looking for alternatives to streamline the construction process. Which represents a good opportunity to accelerate the recovery of the sector.

In Solili you can check offices available in Reforma, Insurgentes and Norte

Original note