September 2009 - Number 16
     NATIONAL NEWS :
   
 

The Collapse of the Housing Commerce that Dropped 40 Percent; Attributed to the Violence Suffered in the State

 

 

By: Editorial Staff
With information of Saturnino Arias and Luis Guevara
Source: Canadevi/AMPI
Villahermosa, Tabasco


The real estate sector of the state, apart from dealing with the crisis, as the rest of the companies, it has been slowed down by the “insecurity and violent acts”, according to businessmen of the sector. This social phenomenon has caused a fall in sales up to 40 percent in average in the last days, in a market that is worth three billion pesos a year only in Tabasco.

The general director of the real estate firm Remax in Tabasco, Florencia Estrada Lázaro, assured “I definitely believe that violence acts damage and hurt society creating instability, because some clients have called and said that they can or want to but they will wait to close the investments they had planned in the state… all of that surely affects us as business persons”, she expressed.

The view is not encouraging, there are properties on sale process since the beginning of the year and they have not been closed, “I believe that the assassinations and murders have affected us, I had two homes, almost closed, in the area of Ciudad Deportiva, and since the incident in the Los Tucanes street, clients canceled, thinking of Villahermosa as a violet place”, said Salvador Rivera, real estate consultant.

And also the crisis had generated a drop in sales, mainly because of the credit hardening of financial institutions.

In relation to this, the president of the Cámara Nacional de Desarrollo y Promoción de Vivienda in Campeche and coordinator for Zone 5, Ignacio Reyes Aldama said that the “crisis has not gotten to us yet, the Infonavit, the main creator of mortgages has decreased 5 percent on relation to last year, banks 40 percent and Sofoles 60 percent, which without a doubt, has caused a drop in the sale of houses”, he assured.

On her part, Verónica Juárez Aguilera, member of Asociación Mexicana de Profesionales Inmobiliarios (AMPI) and delegate of the franchise Century 21, explained that there is a “trend to the drop in residential houses between sales prices going from one million to 1.8 million pesos”.


Half-yearly balance

The president of AMPI Tabasco, Mary Lolys Álvarez Toledo, assured that the sector registers a 10 percent loss in the market up to the end of the first semester of the year.

The president stated that it will be until December when the niche reaches a slight recovery, but she did not discharge closing the year in negative numbers compared to what was achieved in 2008, facing the situation happening in the state.

She said that “a decrease in rents of residential homes is seen, although the activities of real estate professionals were kept in the segment of commercial spaces”.

They do not sell, but they are more expensive

The inflation impact has been felt strongly in real estate, because only in Tabasco, Canadevi reports a 10 percent drop this year, due to the increase in costs of materials, which have impacted in the same percentage the final house price.

In less than a month, middle class houses presented an average price of 476 thousand pesos and today are sold up to 520 thousand pesos, a 9 percent increase, which represents a difference of an average 44 thousand pesos.

If this was not enough, reports from the Banco de México (Banxico) present a gradual increase of three to five percent a year, however, in the last five years, the cost of leasing as well as new houses has increased in up to 21 percent, directly affecting the sector.

Investments drop

Three billion pesos is the value of the real estate market in Tabasco a year.
• 40 percent, have dropped the house sales in Tabasco in the third quarter of the year.
• 10 percent, drop of house sales in the first semester of 2009
• Between 1 million and 1.8 million pesos is the price of houses with the greater drop in sales.
• 40 real estate professionals form AMPI.


And mortgages...

Institution Drop
Infonavit 5%
Banks 40%
Sofoles 60%

Source: Canadevi/AMPI
With information of Saturnino Arias and Luis Guevara.



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