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Expedite Federal Resources, Builders Petition
Queretaro, Qro. The beginning of the year has been a difficult period for the construction sector, perceiving slowness in the administration of federal resources to develop works in the state. The president of Querétaro of the Mexican Chamber of the Construction Industry (CMIC), Álvaro Ugalde Ríos, said there is a concern in the sector about the designation of federal resources. Added to this scenario is the call by builders for the federal government to tender significant works that involve a large number of resources, he said. According to the CMIC state leader, up to 80% of the works announced by the federal government have been designated through the direct assignment.…
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Moments of crisis, the key to building KNOW HOW
The Business Group, like many companies dedicated to the construction and real estate sector, was affected by the economic crisis that Colombia experienced at the end of the 20th century. Although growth seemed promising in the 1990s, global problems and domestic politics would affect the country’s economic stability. National export products (coffee and oil) suffered price drops, affecting neighboring countries such as Venezuela, Ecuador, Chile, and Argentina. Colombia, for its part, mainly felt the weight of the decline in prices as it depended on continued external financing. The recession of 1999 evidenced the excess of public spending, high deficit, uncertainty, and economic instability that afflicted households and the real estate…
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Querétaro, second favorite state for real estate investment
Querétaro is the second preferred state to invest in the real estate sector, only below Mexico City, according to a survey carried out by M2Crowd. Within the ‘top’ are also the entities of Guanajuato and San Luis Potosí, in ninth and eleventh place, respectively. The crowdfunding company stated that, of the characteristics to invest in real estate, 44 percent of those surveyed chose profitability, 21 percent security and low investment risk, 21 percent more profits when buying in pre-sale, and 14 cents than a tangible good. While among the least attractive factors to invest in the sector, 53 percent have the perception that a lot of money is needed to…
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SJR owes millions of pesos to builders
The CMIC leader says that the work has already been executed and delivered promptly without receiving payments. The Mexican Chamber of the Construction Industry called on the municipal president of San Juan del Río, Guillermo Vega, to cover the payment for the work that was carried out last year and has not been paid to date. The president of this organization, Álvaro Ugalde Ríos, said there is a work debt that was executed and delivered promptly but that until now is still pending, a situation that impacts the sector. He pointed out that they have tried to approach the mayor in addition to sending official letters requesting his intervention to…
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Investors expand industrial spaces in the Bajío
National and international players who arrived in the Bajío several years ago are deciding to expand their industrial spaces; some came to Guanajuato and spread to Querétaro and vice versa. According to Claudio Brehm González, an industrial broker at Colliers International, in the first quarter of the year, the growth dynamic in the construction of square meters of industrial spaces in the region was maintained, driven mainly by the aeronautical, logistics, and automotive sectors. Although cautiously, developers have started or are about to create projects, mainly in the corridors of Querétaro and the Querétaro Intercontinental Airport (AQI) towards Mexico City; and from León to Queretaro territory, as well as in…
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