Tuesday, July 3, 2012

Vertical developments: a solution?


Large cities must begin to find solutions to the shortage of affordable housing that exists in Mexico today. I mean, specifically affordable housing, as housing developments over a million pesos abound.

We have seen over recent years there has been a tendency to make economic development with "mini-homes?, Which is totally acceptable. The only (and big) downside of these developments is that they typically are located on the outskirts of cities, which ironically ends up affecting the economy of its inhabitants, as they increase their spending for transportation.

One solution proposed is to carry out the construction of vertical development. Buildings that do not cover much area, who are not so on the outskirts of the city, and within the reach of families with little purchasing power. Obviously, the departments plan to do in these developments are of a size of 50 square meters on average.

Another advantage that can provide this kind of development is the lower cost of infrastructure and housing services. With this we hope to further reduce the cost to acquire a home of this type, as well as improve the economy of its inhabitants.

Let's wait and see if these projects can be in the short term, and whether in fact the development companies can offer this type of housing in a lower cost than that currently have.

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