Legal wrangling over the government’s proposed new airport in Santa Lucia while Mexico’s real estate sector slows down following a strong start to the year.
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Government without Legal Recourse Against Santa Lucia Airport Stoppage
Civil groups, including Mexicans Against Corruption and Impunity and #NoMoreWaste, said this week that the government has no legal recourse to claim that the proposed Santa Lucía airport must be built in the “interest of the nation”.
President Andrés Manuel López Obrador has previously criticized those presenting challenges in court. Last week, after presenting 147 challenges to the courts, the #NoMoreWaste group was granted a definite suspension measure order against the Santa Lucía build.
The government has faced many legal challenges to the proposed development and yet is still trying to make it a thing. The Santa Lucia site was selected following the cancellation of the original new airport, which was to be built in Mexico City.
Santa Lucía Airport Names Architect without Public Tender
Mexico’s National Defense Ministry has given the contract for the design of the Santa Lucia airport to Mexico architect Francisco González Pulido, without a public tender.
The design of the Santa Lucia airport is going ahead despite a definite suspension order having been placed upon it last week.
New Holcim México Director Named
The Mexican arm of major cement company Holcim has declared that Jaime Hill will be its new director general.
Hill, 50, was previously director general of Holcim Colombia takes over from Rodolfo Montero. The widely respected Hill is both respected and revered within the Holcim corporate family.
Construction Industry’s Value Falls 7.8 PCT YOY in June
Last week, INEGI reported that the real value of Mexican construction companies fell 7.8 percent in June of this year compared to June 2018. José Luis de la Cruz, president of IDIC, said that the construction industry has lost 60 thousand jobs between December 2018 and July of this year.
High-end Real Estate Sees Slow in Sales Following Strong Q1
The sale of Mexico’s most expensive real estate has slowed during Q2 of 2019, following a 6.4 percent increase on 2018 during the first quarter of this year.
According to real estate firm that carried out the study, Realty World, the limit does not yet exist for how extensive the slowdown may be. However, Realty World President Jorge Paracedes, noted that populations tend to invest in property during periods of economic buoyancy, with purchases falling as uncertainty enters the market.