Category Archives: Real Estate

How the nature of real estate in Mexico is changing

The different players in the local real estate game — agents, agencies, developers and portals — need to adjust quickly.
The different players in the local real estate game — agents, agencies, developers and portals — need to adjust quickly.

By Vera Makarov / Inman

It is estimated that Mexico will reach 65 million Internet users this year. This is having a significant effect on the real estate market.

According to Lamudi’s research, 82 percent of consumers now use the Internet in their real estate search process, as they move away from traditional methods and turn to desktops and laptops, as well as mobile devices, to search for properties.

In the last quarter of 2014, the number of online real estate queries in Mexico grew by 25 percent from 2013, according to Google Analytics.

This access is causing house-hunters to become more specific and analytical in their search for property. The ability to reduce time and optimize each search through the filtration of location, property type and price, is encouraging consumers to move online.

http://www.inman.com/2015/04/20/how-the-nature-of-real-estate-in-mexico-is-changing/

Homebuilder Javer testing investor appetite

Bloomberg – The first Mexican homebuilder to offer new shares since 2004 is testing investor appetite for an industry that imploded in $2.6 billion of defaults just two years ago. Servicios Corporativos Javer plans to raise as much as 3.5 billion pesos ($227 million) in an initial public offering after dodging the meltdown with a strategy of building housing developments in urban areas instead of far-flung suburbs.

http://www.bloomberg.com/news/articles/2015-03-18/first-mexico-builder-ipo-since-2004-counts-on-housing-shortage