Mazatlan enjoys a real estate ‘boom’ never seen before: AMPI


Roberto Arellano Osorio, president of the organization mentioned that 60 percent of the investment is local or from the country, the rest, foreign, which demonstrates confidence despite the pandemic.

Mazatlán, Sinaloa.- The construction of at least 15 condominium towers on the tourist side of Mazatlán, is part of the “boom” that the town is experiencing in real estate issues, which are analyzed with the government so that the developments are given in a way orderly and comply with the services, said Roberto Carlos Arellano Osorio.

The president of the Mexican Association of Real Estate Professionals in Mazatlan mentioned that there will be three new developments, with foreign national investment, which include hotel chains, although 60 percent of the constructions that are currently carried out are from developers of the entity and Mexico, for the trust that exists despite the pandemic .

“We are aware that the development is strong, we bring more than 15 developments in process, another three more are being added and the truth is that we are very happy, right now there is a lot of national and foreign investment coming to Mazatlan, they are important developments such as hotel chains, there are a certainty that the investment is there, always taking care that the credits are available for the development of the same”.

He added that although housing costs have increased, this is due to the rise in supplies, such as steel, which is eighty percent of the price it brought more than a year ago, cement had 18 percent, so the theme of increments has stuck in the construction, although each developer must know how to be competitive without losing quality.

Arellano Osorio emphasized that Mazatlán is entering a market in which it had not entered, that they will give status to the port to eventually reach destinations such as Cabo San Lucas and Puerto Vallarta.

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