By 2050, more than 90 percent of the Mexican population will be living in cities, making space for housing a little tight and verticalization the solution. In the last year, Mexico has seen the rising trend of rental housing in the real estate sector but will this really fulfill the necessities of new generations? The future of NAIM continues to be up in the air among presidential candidates and more international parties are giving their input on why the project must carry on (apart from its shiny new Fibra E and millions of dollars already invested).
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Cities & Sustainability
Rental housing seems to be the solution for millennials, but those shiny new apartments aren’t what millennials need. This is why US millennials are absent from the housing market and as for Mexico, the sector may be creating islands within its cities.
Javier Lomelin, CEO of Colliers International Mexico says the opportunities within residential real estate are endless for all companies.
World Bank tells us we need to make radical changes if we want to achieve sustainable cities.
It’s no longer just about height, but length when it comes to towers. Oiio wants to create the Big Bend Skyscraper as the longest building in the world. Spoiler: it literally loops in order to be the longest and not tallest.
Mexico’s skyline is also changing with two new towers: Chapultepec Uno and Torre Reforma. Here is what you don’t know about them.
Busting the myth that everyone naturally prefers trains to buses is just a matter of focusing on the quality of the service.
NAIM seems like it will remain on the front page of the news until the elections in July. This week Meade reiterated the importance of NAIM in Mexico’s economic development, while Air Canada is against having two airports in Mexico City.
IATA also shows its support for NAIM and says that without it Mexico could lose 20 million passengers by 2035. The private sector wants to voice its opinion and will hold technical discussions with each of the candidates to discuss NAIM. In the meantime, GACM and ASA prepare for the issuance of a brand new Fibra E to finally liberalize jet fuel.
The bigger the better does not particularly apply to successful ports. Drewry has come to the conclusion that the size of the port does not necessary mean it is better connected.
The cost of state level debt doubled in 2017. Increasing interest rates have impacted states’ liquidity with Mexico City, Veracruz, State of Mexico and Nuevo Leon taking the biggest hits.
TELMEX is going through hard times as its financial situation continues to worsen since IFT decided to separate its functions.