According to various sources from Centro Urbano y Reforma:
According to the report ‘Real Estate Situation Mexico’, corresponding to the first semester of 2021, produced by BBVA Mexico, growth of up to 2.7% for him sector of the east construction 2021. Nevertheless, it will take at least a couple of years to regain levels prior to 2019.
In the 2020 due to pandemic he construction sector began with a fall in its GDP of 8.1% in annual rate. In this way, at the end of the year, a cumulative contraction of the 17.2 percent.
“We consider that during 2021 we would not see a recovery in the sector. The health contingency has lasted longer than expected and has kept economic activity slow. Coupled with this, the lack of an effective contingent plan by the authorities to recover the economy, which began to stop before the start of the pandemic, settles negative results and lengthens a possible recovery ", mentioned BBVA.
The building. in the 2020, with the health crisis, Hit bottom, mainly in its Productive Building component (malls, industrial warehouses and offices), who suffered a fall from 31.7%; followed by Residential Building, with a contraction of 20.7 percent.
"With this result, housing gains space in this subsector at the expense of its productive counterpart. Nevertheless, we estimate that the recovery will be seen first in the second; since the reactivation of the manufacturing industry will demand more industrial spaces. Added to this, we estimate that the economic recovery will come from the foreign market; where international trade will also demand more buildings of this type ", BBVA pointed out.