Southeast Mexico Boom, Digital Future: The Week in InfrastructureBy Emilio Aristegui | Thu, 08/26/2021 - 16:50
A new era of real estate is approaching, as “it is projected that by 2025, three out of every four workers globally will be millennials,” said MountX Real Estate Capital’s Enrique Suarez. Meanwhile, the necessity to tackle water needs in the US-Mexico border was addressed by legislators with a palpable urgency.
On the other hand, the southeast region of Mexico has grown steadily in Merida, Playa del Carmen, Cancun and Tulum.
Ready? This is the week in infrastructure!
Sustainable Future on the Horizon for Investors
The fight against climate change is taking over the infrastructure industry: “Over 1,000 institutional investors have committed to cutting fossil fuel stocks from their portfolios,” said S&P Dow Jones Indices. Industry, client and investor standards have risen to fight for long-term sustainable solutions. Companies’ environmental policies are becoming increasingly relevant as investors continue to seek ways to decrease their carbon footprint.
Tequila’s Strategy is Unshakable, Even with the Current Pandemic
Federico de Arteaga, Head of Project at Tequila Inteligente, told Mexico Business that a radical change to the current strategy of the company is not necessary if the development of the system is solid enough. De Arteaga believes there are enough tools to build strong systems: “A complex system, such as a city, a tourist destination, cannot change its strategy because of an adverse variable.”
Unstoppable Real Estate Growth Pounds Southeast Mexico
Christopher Gill, Commercial Director at SIMCA Desarrollos, told Mexico Business that, “Today, Mexico is the No.1 destination worldwide for retirees from these two countries (US and Canada). It is an economic destination that is experiencing significant growth, especially in the northern region, which has one of Latin America’s best golf courses and country clubs.” SIMCA doubled their 2020 sales in just 1H2021 and has built two out of five towers in its Yucalpeten Resort Marina, of which it has already sold 80 percent.
Real Estate Revolution on the Rise as Millennials Take Over
The real estate market will experience a radical change in the upcoming years because of the increase in purchasing powers from younger generations. Enrique Suarez, Co-founder and MountX Real Estate Capital, told Mexico Business that “this new generations prefers to use their savings to live experiences rather than to buy a house or saving for building a house in the future.” Suarez insists that he “can assure you we are starting to see a new era in real estate.”
Water Availability Challenges US-Mexico Border
Mexico’s ambassador Esteban Moctezuma Barragan seeks to address the challenge together with his US counterparts: “If we are serious about solutions, we need to internalize the reality that sharing a border means sharing challenges and, most importantly, sharing solutions.” The numbers are discouraging, according to official numbers nearly 80 percent of border communities have water sanitation problems.