Puerto Vallarta, Mexico - In recent years, Mexico’s housing sector has encountered multiple challenges, creating a substantial imbalance between the supply of new apartments and the growing demand for housing. The construction of new residential buildings has been delayed due to a combination of factors including high inflation in building materials, pandemic-induced paralysis, scarcity of land for development, and elevated interest rates. Jorge Combe, a founding partner of DD360 and an expert in Residential Financing for the University Tower project, highlighted these issues during the recent seminar The Evolution of Vertical Housing in Mexico.
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