The sale of residential housing plus, with a value of more than 9 million pesos (mp), will close 2021 with a drop of 24.6% and a placement of 8,545 new units, compared to 11,328 in 2019.

This type of housing presented complications to move in the market, along with the middle and residential segments, mainly in urban areas such as Mexico City.

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In this entity, the market has been contracting since before the pandemic due to administrative and investment issues, according to a publication by El Financiero.

The Association of Real Estate Developers (ADI) considers that in the residential and residential plus sectors, above 4.5 and 5 million pesos, the market has been more affected.

For Luxury Habitat Real Estate, this segment is going through a severe contraction in transactions during the pandemic, which is conducive to the emergence of a speculative buyer market.

Due to the distancing measures and remote work, Toluca, Puebla, Querétaro, Mérida, Cancun, Playa del Carmen and Cuernavaca experience a fantastic 'boom' in this type of property, unlike the big cities.

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Specialists hope that as more office activities return, there will be some economic stability, to resume the strengthening of demand, which will generate new investments.

Thus, the outlook looks encouraging for 2022, where a recovery in sales is expected throughout the country, although not at pre-pandemic levels.

It is worth mentioning that due to the pandemic, the market is experiencing a price adjustment due to pre-sales that did not materialize or purchase and sale operations that were canceled.

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