- Aspects such as nearshoring and the growth of tourism will benefit investors this year.
- Good real estate developers provide clarity in their processes and complete information about their projects.
Investments look promising for the remainder of 2024, as according to the National Institute of Statistics and Geography (INEGI), the Gross Domestic Product (GDP) closed with a 2.5% increase in 2023. Furthermore, it’s important to note that the Real Estate sector specifically ranked among the top 10 recipients of both national and foreign income, according to data from the Ministry of Economy.
This is compounded by factors such as the arrival of 500 companies due to nearshoring, as recorded by the Mexican Association of Real Estate Trusts (AMEFIBRA); the increase in tourism, which, according to the Tinsa 2024 Real Estate Market Outlook study, grew by 25.7% since 2019; as well as changes in the structure of Mexican families, of which only 25.8% are traditional.
These data reflect that the needs of the real estate market are changing and affirm that the demand for properties is growing. Therefore, it is the ideal time to invest in real estate developments. However, it remains a concern to choose the best option to avoid losses. Here are five key factors to consider for safe investment in a development:
• They offer realistic profits: A good way to know that you are looking at a solid alternative is if they offer realistic returns proportional to your investment. Some developers may promise excessively high profits in a short time; however, it’s essential to ensure that growth projections adhere to factors such as inflation, costs, and yields in the area. Remember, if in doubt, it’s best to seek professional advice.
• They have a good track record: The best real estate developments are managed by experienced developers with a good reputation and transparency in their processes. Therefore, make sure to investigate their history of completed projects and verify their registration with regulatory entities or associations in the real estate sector. This can provide greater certainty about the legality and seriousness of the development.
• They will provide all project details: Real estate developers are required to provide complete and accurate documentation about the real estate development to potential investors. This includes details such as the exact location, building permits issued by the competent authorities, and project plans. Additionally, they must deliver a market analysis to compare prices and conditions of similar properties, as well as potential appreciation.
• They will have success stories as references: An important step before investing your money in any project is to evaluate the history of previous developments and their market performance. You can even ask previous investors for references about their experience with the firm. The existence of successful projects and satisfied clients reinforces confidence in the company’s ability to execute the development successfully and transparently, giving you peace of mind in your choice.
• They offer flexible financing: When an offer is not entirely reliable, there will be pressure from promoters to close the investment quickly. Therefore, it is important not to be swayed by false promises and to ensure you fully understand the details of the investment, including costs, return rates, terms, and any related aspects. Some developers offer personalized financing plans and even accept mortgage loans. Analyze the plan presented to you before signing any documents.
As you can see, there are key factors for accurately choosing a real estate project when investing. However, it is essential to have clear objectives and expectations regarding the investment and to dedicate sufficient time to research each of your options and the firms behind them. This way, you can successfully generate profits and avoid falling victim to fraud.
Comprar casa para rentar, una inversión inteligente
Fuentes de consulta:
https://www.inegi.org.mx/contenidos/saladeprensa/boletines/2024/pib_pconst/pib_pconst2024_02.pdf
https://www.economia.gob.mx/datamexico/es/profile/geo/mexico?fdiTimeSelector=Year
https://www.tinsamexico.mx/servicio-de-estudios/perspectivas-del-mercado-inmobiliario-2024
https://www.taomexico.com/espblog/como-elegir-un-desarrollador-inmobiliario-en-mexico
https://blog.m2crowd.com/como-elegir-un-proyecto-inmobiliario-para-invertir/amp