Source: www.tormo.com
The American country has positioned itself as one of the host markets par excellence of the Spanish company, especially since, according to what Mexican authorities point in the field if they are involved in buying and selling of property. With more than 2,322 domestic companies operating on Mexican soil, the international real estate franchises could find in Mexico a golden destination.
The real estate sector along with infrastructures, are two of the business areas that offer better opportunities for Spanish companies interested in investing in Mexico, as highlighted by the Mexican authorities in a meeting with Spanish businessmen in Madrid.
The meeting, organized by the Chamber of Commerce of Madrid and the Madrid Business Confederation (CEIM), the director of Modernization of Trade and Services of the Ministry of Economy of Mexico, Rodolfo Hernández, said that this country, “for its geographical location and cheap labor, offers great advantages to Spanish companies”.
It is no coincidence that Spain is the first European country for investment figures in American country, with 45.6 percent of the investment coming from the Old Continent and 9 percent of the total of the globe. Currently, according to Hernández, the Mexican market with the presence of 2,322 Spanish companies.
In another vein, Hernández also explained that since the government of that country has launched the National Program of Competitiveness Logistics 2007 – 2012, aimed at enabling Mexico to become “one of the most important logistic platforms in the world”. For this, the government works in three ways to reduce the restrictions and regulations for foreign investors, provide more availability to logistics and promote business logistics culture.
The real estate culture sector is one of the business areas that offers more growth for Spanish companies, according to a spokesman for the Mexican real estate service company Solis. “The growth of between 3 and 4 percent of the Mexican economy, rising income per capita and population growth are three variables that drive demand for housing”.
Mexico has a population of 106 million people (130 million in 2020, according to the growth tendency), of which 17 million will be economically active in 15 years and, obviously, “will demand new housing, he said”. The representative of the real estate also said that the sector sold 540 thousand homes last year.
Furthermore, the speaker admitted that the real estate division dedicated to tourism continues to offer opportunities for foreign companies.
Thus, Mexico has positioned itself as one of the hottest destinations for real estate franchise chains that are interested in new markets with potential, as a form of not diminishing its results due to the change in cycle that the Spanish economy is undergoing, in particular the market for buying and selling property.
So far, only two national franchise networks have been installed in the United States with offices specializing in purchases of homes for sale. MC Real Estate and Alpha, with eight and a set for selling, respectively, were able to exploit the potential of a market that continues to give motives for future expansion.
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