Introduction
The real estate market in Guadalajara’s Metropolitan Zone (ZMG) is thriving, with annual transactions exceeding 100,000 and generating over 95 billion pesos in revenue. Jahaziel Omar Castañeda, the newly appointed president of the Mexican Association of Real Estate Professionals (AMPI) in Guadalajara, shared his optimistic outlook for the sector through 2026.
Market Overview
According to AMPI Guadalajara, the ZMG real estate market moves more than 95 billion pesos annually through property transactions, with over 100,000 deals per year. Of these, 45,000 are related to housing, while the rental market surpasses 22 billion pesos.
Key Indicators
- Annual revenue: Over 95 billion pesos
- Yearly transactions: More than 100,000
- Housing transactions: 45,000
- Rental market revenue: Over 22 billion pesos
Economic Stability and Growth Projections
Castañeda explained that the positive growth expectations for 2023 stem from a shift in the economic cycle following a cautious 2025. He noted that changes in presidency, election years, and international factors like the US-Mexico relationship have contributed to economic uncertainty in recent times.
However, he highlighted that the current outlook suggests a period of economic stability lasting at least four years, which historically encourages long-term investment decisions.
Challenges and Opportunities
Despite facing challenges such as rising construction costs and labor expenses, Castañeda pointed out that the increasing minimum wage will improve access to Infonavit credits for potential homebuyers.
Global Trends
Castañeda acknowledged that rising rental costs and housing prices are global issues, but emphasized the positive impact of increased minimum wages on credit accessibility.
Mundial de Futbol Impact
The upcoming FIFA World Cup in Guadalajara will place the city on the international stage, attracting foreign investors and potentially sparking new real estate projects.
New Leadership at AMPI Guadalajara
Jahaziel Castañeda González’s appointment as AMPI Guadalajara president coincides with the association’s 45th anniversary. His leadership will focus on preserving AMPI’s legacy while adapting to a more complex real estate environment.
Castañeda outlined the strategic pillars of his presidency:
- Providing legal certainty for AMPI members and the general public in real estate transactions through collaboration with Jalisco’s Secretaría de Desarrollo Económico (Sedeco) and the state’s accredited real estate platform.
- Increasing membership by 20% and promoting virtual training for the entire real estate sector.
Key Questions and Answers
- What is the current state of Jalisco’s real estate market? The ZMG real estate market is thriving, with annual transactions exceeding 100,000 and generating over 95 billion pesos in revenue.
- What growth projections does the sector anticipate? The real estate market expects 5% to 10% annual growth due to economic stability, stronger home loans, and increased regional investment appeal.
- What challenges does the sector face? The industry faces rising construction and labor costs, but increased minimum wages are expected to improve credit accessibility for homebuyers.
- How will the FIFA World Cup impact Guadalajara’s real estate market? The event is expected to attract foreign investors and potentially spark new real estate projects in the city.
- What are Jahaziel Castañeda González’s priorities as AMPI Guadalajara president? Castañeda aims to provide legal certainty in real estate transactions, increase AMPI membership by 20%, and promote virtual training for the sector.
