The production of real estate in Mexico has shown a consistent upward trend from 2013 to 2023, reaching 2.7046 Trillion Mexican Pesos in 2023. Despite a slight dip in 2020, the market has recovered and continued to grow. Over the last two years, year-on-year variations were 8.01% in 2022 and 2.49% in 2023. The compound annual growth rate (CAGR) from 2018 to 2023 was 2.67%. Forecasts for 2024 and beyond indicate a steady increase, with the market expected to reach 3.0408 Trillion Mexican Pesos by 2028, reflecting a forecast 5-year CAGR of 1.9% and a cumulative growth rate of 9.87%.
Future trends to monitor include:
- The impact of economic policies on the construction sector
- Foreign investment and financing trends in real estate projects
- Demographic shifts and urbanization rates that could fuel demand
- Technological advancements and their adoption within the industry
