Tackling Gentrification in Mexico

To combat growing gentrification in Mexico, AMPI’s President advocates for policy reforms and utilizing underutilized spaces for balanced development, promoting affordable housing solutions.

### Primary Article: Policies and Conditions Needed to Address Gentrification, Says AMPI

The growing issue of gentrification requires robust conditions and public policies not only in Tijuana but across Mexico, according to Emilio Rojas Cobían, National President of the Mexican Association of Real Estate Professionals (AMPI). As Mexico becomes a top destination for foreign investment in second homes, Rojas Cobían explains, the result is an exponential increase in property values, consequently threatening the local market and causing displacement.

Rojas Cobían advocates for the capitalization of underutilized spaces to create new housing environments. “We need to resolve the spaces being used while ensuring property owners can maximize the utility of their assets,” he said.

He emphasized that the real estate industry currently faces a dilemma: either increase housing costs due to high demand or create more spaces for locals seeking homes. “The focus should be balanced between maximizing property income for owners and addressing user needs,” Rojas Cobían added, urging authorities to formulate public policies that optimize underutilized spaces for new housing.

The AMPI president highlighted that there are currently 7,000 real estate professionals in the association nationwide, and that gentrification issues in Tijuana have previously surfaced in other states, where strategies were implemented to tackle the displacement problem.

### Secondary Article: Rising Property Values and Housing Trends in Tijuana

According to recent data, the price per square meter in Tijuana ranges between $200 and $1,500, reflecting a steep increase comparable to other highly sought-after real estate markets. Experts insist that Tijuana must explore new housing trends to cater to the needs of its growing population and mitigate the adverse effects of soaring property values.

In related news, the proposed elevated viaduct in the Libertad neighborhood is expected to reduce the value of surrounding properties, posing another challenge to local stakeholders and authorities.

Moreover, the persistent water scarcity from the Colorado River continues to impact Baja California, prompting initiatives like ‘Schools with Water’ to reduce the water access gap for students in Mexico. Concurrently, a wave of heat has led to a 10% increase in water consumption, straining resources further.

Addressing these interconnected issues requires a multifaceted approach, blending innovative housing solutions with proactive urban planning and infrastructure improvements. As Tijuana navigates these complexities, effective public policies will be crucial to balancing development and local community interests.

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