Water scarcity and its impact on the real estate sector
Alto Nivel | June 29, 2022 |

There is something worrying in the real estate sector, in addition to the rise in the cost of construction materials, and it is the shortage of drinking water in the immediate future, since it could cause a handicap in property sales and rental operations, because usually no one wants to live in an area where there is a problem of such magnitude.

For some experts on the subject, and in the specific case of Monterrey, the problem arises when large companies such as soft drink companies, bottlers use large amounts of water, since they carry out many processes at the sanitary level and in theory they should all contribute, donating liquid of their concessions, a situation that apparently is not happening, which makes the water crisis grow.

Of interest: The industrial zone in Mexico City expands to the north

In addition, companies that have private wells licensed by the National Water Commission (Conagua) are not included in the water supply suppressions, which indicates that in Mexico between 68% and 70% of the water is used by agriculture, industry and hydroelectric plants use 14% and family use around 10%.

However, although industry consumes less water than agriculture, the pollution it generates is equivalent to that which could be generated by 100 million inhabitants.

In recent days it has become more evident that the water crisis that Monterrey is experiencing is just the tip of the iceberg of a situation that could affect the real estate sector sooner than previously thought.

In addition to the situation regarding the industries, we also have the factor of climate change, even insufficient public policies, where mistrust also arises about corruption and the mismanagement of water dams.

Check here: With low vacancy rates, the creation of new industrial parks in the country is necessary

Here it is important to think that as a developer you have a social responsibility to contribute to making the lack of water less of a problem in different parts of the country, not just in big cities like Monterrey, Guadalajara and Mexico City.

It is still too early to know what effect the lack of water will have on developments that are still in the planning stage; there is still time to make saving and sustainability technologies something of common use in residential construction.

This, added to really functional public policies, can stop, at least for a while, the shortage of water in Mexico.

In Solili you can consult industrial buildings available in Querétaro and Guanajuato

Original note

Stay up to date with the most important news to the real estate

Subscribe Solili Newsletter