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Quarta-feira, 30 de novembro
São Paulo Corporate Towers
Real Estate

Mexico’s Newest Plan to Boost Urban Housing

3 MIN READ October 25, 2019

Mexico’s cities have been growing steadily in the last decade, but after years of growing horizontally, verticalization is finally occurring. According to INEGI’s National Housing Survey, the number of people living in an apartment has increased from 5.20 percent in 2016 to 6.53 percent in 2017. When looking at the case of those living in cities with more than 2,500 inhabitants, from 2016 to 2017, approximately 487,347 people moved into vertical housing. 

Although it may not seem like a great jump, by 2030 more than 90 percent of the Mexican population will be living in a city and cities to ensure a sustainable growth, urban sprawls must be contained. Vertical cities, when developed correctly, improve the living conditions of the inhabitants, reduce mobility problems, decrease inequality, as well as carbon emissions. The previous government’s 2013-2018 National Housing Plan encouraged the creation of vertical housing developments and provided incentives to developers that decided to participate. This plan was also aligned with the UN’s New Urban Agenda that promoted the development of compact cities. 

Mexico’s Urban Improvement Program

Andrés Manuel López Obrador’s administration, through SEDATU released the Urban Improvement Program or Programa de Mejoramiento Urbano (PMU) to improve the living conditions of urban municipalities. This program is divided into two modalities: Integral Improvement of Neighborhoods and Housing in an Urban Scope. The Improvement of Neighborhoods includes the construction and improvement of mobility works, housing, basic infrastructure, urban landscape and public spaces. The Housing in an Urban Scope modality covers three schemes: Urban Lot Housing, Improvement of Housing Units and Housing Complexes. 

In these three schemes, the government will support in the development of new housing and the improvement of already existing. The catch? The PMU will focus on 14 priority cities, Mexicali, Tijuana, Cabo San Lucas, Ciudad Acuña, Piedras Negras, Juarez, Acapulco, Morelia, Puerto Vallarta, Playa del Carmen, Nogales, San Luis Rio Colorado, Matamoros, Nuevo Laredo and Reynosa. In June, SEDATU announced it the program will have a budget of MX$8 billion for 2017 and each city will receive MX$530 million to kick start the program. These cities are experiencing exponential growth and a lag in housing, particularly social.

This topic will be one of the various covered throughout GRI Residential & Offices Mexico 2019, on November 26-27 in Mexico City. The GRI Mexico Advisory Board will be present, including housing developers, such as Rodrigo Díaz Álvarez, Director General of Acciona, Ignacio Bezares del Cueto, Director General Mexico of Grupo Lar and Jorge Margain, Vice President of Ivanhoé Cambridge.

Residential & Offices Mexico 2019

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