Canadevi Quintana Roo warns about increase in housing prices

Cancun, QR. The president of the National Chamber of the Housing Development and Promotion Industry (Canadevi) in Quintana Roo, Ari Adler, announced that the costs of materials have increased by more than 30%, which will force an increase in the cost of housing by at least 8 or 10% during 2023.

The businessman called for those who are thinking of buying a house next year, preferably to take advantage of the prices of 2022, since as of January the cost overruns of the materials will be reflected in the final price to the consumer.

He even explained that those who have already saved for a new or used home today could be forced to postpone their purchase even more, since in 2023 homes will have a significant price increase.

He recognized that currently in Quintana Roo the new home being built has an average price of 650,000 pesos, so it is already difficult to find housing for less than half a million pesos as it was before the pandemic.

Ari Adler assured that there is a potential demand for up to 60,000 homes throughout the state, but with the implementation of a new contribution system applied in Infonavit, the placement of credits in the state has slowed down.

Infonavit officials announced that between January and October of this year there are already 10,500 loans placed in the state, and at the end of the year they expect to close at 12,500 loans.

Infonavit acknowledges that the total number of loans granted is lower than in 2021, but the amount that these financings represent is greater than last year.

While in the reference period the amount last year was 4,100 million pesos, with a greater number of loans, by 2022 the amount of loans granted is already 4,900 million.

Infonavit assures that this is due to the fact that workers are opting for houses of better quality and better located, but the head of Canadevi revealed that in reality there is almost no affordable housing in the state for those who can only afford a house of less than 500,000 pesos.

Given this, many workers are opting for other types of credit, such as adding the credit of their spouses to be able to qualify for a home that in other circumstances they would not have been able to pay for themselves.

estados@eleconomista.mx