The real estate market is experiencing a sharp decline in the state. In Culiacán, property values have depreciated by up to 40%, primarily due to the context of violence, while in Mazatlán the drop is around 20%, also influenced by an oversupply of high-rise housing and a demand that hasn’t kept pace.
The crisis is already impacting construction companies, real estate agencies, and appraisers, with projects halted, sales stalled, and bonuses of up to 100,000 pesos offered to incentivize purchases. The sector warns that if construction stops, the entire economic chain will feel the blow.
Source: pmxnoticias
