Background on the Situation
According to the Mexican Association of the Construction Industry (AMIC), there are 2,800 used homes available for sale in Puebla, but their poor location due to lack of planning complicates finding a market for them.
Who is Francisco Tejeda Ortega?
Francisco Tejeda Ortega, the president of AMIC, highlighted this issue. His organization represents a significant voice in Mexico’s construction industry.
Reasons for the Problem
- Lack of Planning by Developers: Tejeda Ortega explained that some developers initiated projects without conducting a proper market study, resulting in homes located on the outskirts of Angelópolis.
- Unattractive Locations: These homes are situated in the periphery of Puebla city, close to conurbated municipalities like San Pedro Cholula, San Andrés Cholula, Cuautlancingo, Coronango, and Amozoc. However, these areas are not very attractive to potential buyers.
- High Mobility Costs:
The homes’ remote locations impose high mobility costs on families who purchase them, making it difficult for them to resell successfully.
Impact on the Construction Industry
Tejeda Ortega emphasized that vertical development is more viable for developers looking to maximize returns on land, especially in social housing. He also pointed out that the state authority should contribute to generating better-located lands for investment, which is a constant demand to meet market needs.
AMIC’s Proposed Solution
In response to this challenge, AMIC is working with developers to launch a discount campaign to sell at least 20% of the used homes in the second half of the year.
Key Questions and Answers
- What is the issue? There are 2,800 unsold used homes in Puebla due to poor location and lack of planning by developers.
- Who is Francisco Tejeda Ortega? He is the president of the Mexican Association of the Construction Industry (AMIC), representing a significant voice in Mexico’s construction sector.
- Why are these homes difficult to sell? Their remote locations impose high mobility costs on families and lack attractiveness to potential buyers.
- What is AMIC’s proposed solution? AMIC aims to launch a discount campaign with developers to sell at least 20% of the unsold used homes in the second half of the year.
