neighborhoodThe world is constantly transforming, an example of this was 2020, a period in which as a result of the Covid-19 pandemic, various aspects of daily life were modified, including housing needs.

Faced with a changing scenario, it is convenient to be informed about possible trends in certain industries. For this reason, Previsión Legal, a firm specialized in real estate advice and leasing policies, shares 4 trends that are transforming the real estate sector in the country.

The findings were obtained from an analysis of the changes that have occurred in the purchase and rental of real estate from the health contingency that began in the first quarter of 2020.

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Fewer people per home

According to the study, worldwide, it is expected that there will be an overpopulation of 68% that will live in cities by 2050 according to the UN, however, at the same time it is envisioned that there will be fewer people living in the same home, at least in Mexico can observe this behavior in a decrease of 8% between 2010 and 2020, a period in which this indicator went from 3.9 to 3.6 inhabitants per household.

Centennials prefer to rent

The firm explains that the lease gives greater benefits to the centennial generation, which currently represents more than 22% in Mexico according to INEGI. The main ones are: flexibility; have liquidity to carry out other activities such as traveling or paying for experiences and job mobility.

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The market value of the lease, on the rise

At the national level, Previsión Legal forecasts that by 2025 there will be approximately 8.6 million rental homes, which will represent a market of more than 40 billion pesos per month for tenants each year between now and 2025, an average constant increase of 3.6 is estimated. %.

Home ownership is shrinking

Specifically in Mexico City, it contracted 15% if we compare 2015 versus 2020. On the contrary, leasing grew 42% in the same period.

People will choose to rent instead of acquiring a property especially due to: low real estate sales, changes in customs, income, changing population pyramid and low rates but complicated credit conditions.

Are you looking to invest in an apartment in Mexico City? The neighborhood Ampliación Granada has an increasingly wide offer and with excellent amenities, check the options it has for you.

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