The surplus value of mansions and old buildings in the Historic Center of Puebla could increase up to 30% with the construction of new apartment complexes, highlighted by the Mexican Association of Real Estate Professionals (AMPI).

Fabrizio Pizar Rojas, local president of that organization, commented that it will bring a benefit to new investments by developers in vertical complexes for those who have properties in the area, many of them uninhabited or abandoned.

The boom to return to the city center is positive, since it implies triggering more housing projects and that those who had properties without taking advantage of them now take the initiative to remodel them to sell or rent spaces, said Pizar Rojas.

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A 15-year-old apartment that was worth 450 thousand pesos in the area, will now be offered 30% more expensive due to the repopulation plan, while a new one ranges between 1 and 2 million pesos depending on its size, location and floor of the building. .

The leader said that until now the Partial Plan of the Historic Center, approved in 2016, has been carried out so that 250,000 people return to live in the area within 15 years, for which a construction of 34,000 vertical houses was projected. .

It will be a slow process, because a thousand apartments and another 3 thousand outside of it were planned for the Historic Center of Puebla alone, although the project is perceived as positive.

Builders see a feasible market niche, although there are owners of mansions who insist on making their properties more expensive to sell by 200%, he said.

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He pointed out that the area does not give to build single houses or a subdivision, because it ceases to be a business for the builder, added to the fact that the trend is the vertical offer, which is for families of four members, whose work or school activity is the center.

Regarding real estate to be reused in making residential buildings, he explained that between 10 and 15 million pesos are offered, which is recoverable for the developer between 8 and 10 years, when apartments with a value of 1.5 million or 2 million pesos are built. pesos, while stopping the rental of offices, the return on investment takes 15 years or more.

He indicated that foreign developers from entities such as Querétaro, Hidalgo and Mexico City are in negotiations to acquire the properties and have Angelópolis in their sights for detonating projects in the remainder of this year.

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