Given the demands of the market and the low availability of land in large cities, the vertical housing It has taken on greater relevance within the real estate sector and during 2022, it registered its best year in terms of sales, according to the records of the firm 4S Real Estate.
According to the 2023 Verticalization Report, during 2022, 32,661 units of vertical housingthat is, 7.7% more than what was recorded in 2021 and a record volume within the firm’s data, which records sales of this type of home since 2016.
“Verticalization and housing demand (vertical) is generated by two factors: One, the population continues to grow and second, the demand has a different composition than what we were used to because today, it is made up of four different generations, each of which has different things” , highlighted Ignacio Torres Zorrilla, general director of 4S Real Estate.
According to the government definition, the vertical housing It is one in which each condominium owner is the exclusive owner of an apartment, home or premises of a building, sharing walls, slabs and ceilings and is also a proportional owner of its structural elements or common parts. The building has three or more levels.
Torres Zorrilla indicated that in addition to the current demands of the demand, where space is sacrificed in exchange for a better location, it is expensive for governments to expand the urban sprawl, so the vertical housing takes relevance.
“(In the cities) it has been impossible to develop horizontal housing and the only way to justify the use of the land is to use it adequately and densifying it in an important way,” the specialist said.
cities that dominate
According to the report, during 2022 the dominance of some cities in terms of the sale of vertical housingsuch as Guadalajara, which registered the placement of 7,632 units, followed by Mexico City with the sale of 5,332 units and Monterrey, which reported the sale of 4,905 units.
However, some tourist destinations are also beginning to register significant numbers in terms of vertical housing, such as Puerto Vallarta, where 2,659 units were placed; o Tulum, which reported 2,103 units; o Playa del Carmen, which recorded the placement of 1,212 of these households.
Torres Zorrilla stated that during, in general terms, the results of the sale of vertical housing They are good, as some cities have recovered after the issue of the pandemic had an impact in 2020 on the placement of this type of home.
In this context, the specialist noted that there are cities where the inventory of vertical housing It begins to be insufficient given the demand that exists, such as the case of Puebla or Monterrey, the latter being limited by local regulations.
By segment
According to the analysis data, almost all segments of vertical housing they had growth during 2022 with the exception of the residential plus segment, which had a decrease in almost all the cities that are counted in the study.
Why did they sell more? vertical housing? Because the middle segment and the residential segment are growing, in practically all cities they have grown in terms of sales,” said Torres Zorrilla.
The specialist pointed out that the inflation that has been experienced in construction inputs has had an impact on a higher price for this type of living placeespecially in those of new inventory.
“Those cities that are offering a new product are increasing their price per square meter, linked to planning and construction costs, which are having a considerable increase,” said the manager of 4S Real Estate.
| Segment | Value (pesos) | Growth 2022 vs. 2021 |
| Half | Between 500,000 and 2 million | 19% |
| Residential | Between 2 million and 4 million | 37% |
| Residential Plus | Between 4 million and 6 million | -23% |
| Premium Residential | Between 6 million and 18 million | twenty% |
| PremiumPlus | more than 18 million | 2% |
| Source: 4S Real Estate |
the big earring
Torres Zorrilla indicated that the great slope in terms of vertical housing is to make units more affordable, especially in the middle segment and that have a value between 1 million and 2 million pesos.
“The product below 1 million pesos is solved with federal programs of living placenot with any specific regulation, we have to work on the affordability of products and cities,” said Torres Zorrilla.
In addition, the specialist pointed out that the private sector must work together with the authorities to generate a framework that allows for healthy real estate development, in a context where verticalization becomes increasingly important in city planning.
“We have to understand that today the great challenge is not linked to the market, but to the fact that the developer has to work hand in hand with all the authorities to be able to make plans and regulate in favor of real estate development.”
