Deputies approve reforms to the housing law
Siete24Mx/ Solili | February 10, 2021 |

The Chamber of Deputies approved with 448 votes in favor, zero against and two abstentions, to reform the Housing Law, with the aim of incorporating the concept of "resilience", to generate urban settlements that, when affected by a natural phenomenon and the buildings that comprise it, return to their original state without the need for them to be demolished or replaced.

The opinion, which reforms section XVII of article 8 and adds section XIII to article 4 of the aforementioned law, defines resilience “as the capacity of a system, community or society potentially exposed to danger to resist, assimilate, adapt and recover from its effects in the short term and efficiently, through the preservation and restoration of its basic and functional structures, to achieve better future protection and improve risk reduction measures ”.

The document, sent to the Senate for constitutional purposes, cites that Mexico City is vulnerable to earthquakes and the lack of preparation to face disaster scenarios makes it important to develop people's urban resilience to achieve a rapid recovery.

According to the Solili real estate platform, the Narvarte broker, in the Benito Juárez mayor's office, and which suffered the attacks of the 2017 earthquake, has had a 1.3 percent decrease in average sale prices.

As of January 2021, the cost of a home in this corridor ranges from 4 million 873 thousand pesos and there are around 805 properties for sale.

Check here the report of this real estate market and others in Mexico City.

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