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Puerto Morelos to reactive low income housing industry

Puerto Morelos, Q.R. — Blanca Merari Tziu Muñoz, Mayor of Puerto Morelos, says her administration will join local efforts to reactive the real estate industry. On Wednesday, Tziu Muñoz said Puerto Morelos will join efforts of the state government and housing construction businessmen to reactivate the industry for those with a lower income.

She made the announcement after participating as a guest in the ceremony in which Antonio Leonardo Garrido Hurtado was sworn in as the new State President of the National Chamber of the Housing Development and Promotion Industry (Canadevi).

Hurtado said that in Puerto Morelos, the pressure for housing is minimal unlike Cancun or Playa del Carmen, but that the sector should be promoted because demand will increase as the tourism sector grows and strengthens.

“We are very interested in reactivating this sector, the second most important in Quintana Roo after tourism, not only because of its contribution to the Gross Domestic Product of the State, which is 8 percent, but also because of job creation,” he explained.

“It is imperative that affordable housing be built for the popular sector, which is the lowest income,” he added. “We will do what corresponds to us to shorten and streamline procedures so that expenses also decrease and more people can aspire to have a house.”

Garrido Hurtado reported that due to overregulation, the area recorded a 55.3 percent drop in real estate production between 2015 and 2022. He said figures fell from 18,876 units to 8,472, which also affects 37 of the 43 existing industrial branches that benefit from real estate.