In 2011 there will be a new war between real estate companies to place a greater number of homes on the market and thus gain a larger share of the pie from the housing sector.
Ismael Plascencia president of the National Chamber of Industry Development and Promotion of Housing (Canadevi) said they definitely will be a tough Geo competition, Urbi and ARA which are companies very strong and solid, which are those that are working well.
War and competition will always exist between us like any competitor in any area is normal and here you have more saliva to eat more pinole he said.
is normal and can not be against it is a healthy competition in the end that provide better quality, better conditions and have better strategies is going to sell better emphasized.
Asked if in 2011 there will be demand for as many home-claims replied that there are simple and just to be able to cover all in a single year, definitely not so.
explained that the housing sector is one that can better reflect whether the economy is good or bad as they are loans that are already generated jobs and to whom they can sell as the houses are placed between those have formal jobs.
Large companies like Geo, Homex and Urbi expect good growth in 2011 with 12 to 15 percent.
Infonavit director acknowledged that the news was a surprise a few days ago that Geo Developer duplicate construction and Sales of houses by 2015. With this plan Geo expects to reach over 100 thousand households with a revenue collection of more than 100 billion pesos.
Ismael Plascencia emphasized that Mexico is emerging from the economic crisis we have three consecutive months where bad loans have been falling this is a very good indicator for what we do expect a better year in 2011 for the housing sector.
announced that it expected 15 percent increase in average sales volumes and revenues in the next 5 years which will double its size in them.
Analysts estimate growth of up to 15 percent by Homex and Urbi. This expectation will be supported by the allocation of credits and Fovissste Infonavit and a greater involvement of banks and sofoles in housing finance.
Mexico has a housing deficit of 8 million homes to which are added each year 700 000 new marriages in need of housing.
Geo Corporation plans to expand its presence in the country and it will go from 19 to 29 states. This will go from 44 to 88 municipalities. The company also consolidated its leadership position with Infonavit since it is the company that takes credit for that institution for the sale of housing for workers.
By 2015 the goal is to concentrate 13 percent of all mortgages generated by the institute. Infonavit 2015 the intention of giving between 555 thousand and 600 thousand credits.
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