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Covid-19 impact on Indian, Mexican real estate markets
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Raphael:
Wow–quite a portfolio to have at this time. How much of your residential market is for ex-pats? How much hospitality? Do you primarily use local teams? While it may look very difficult in the short-run, and even in the longer run for hospitality assets, the lack of quality assets in India and to some degree in Mexico, suggests to me that quality assets in those markets may outperform some more developed markets where the oversupply problem could become more severe.
Good luck with your work–and would love to hear more of how your doing in the future.
Scott Muldavin
415-235-5575
Our products in India are targeted at Indian citizens/residents as their primary residence. An occasional purchase by Non-Resident Indians.
We have an office in India and work through local developing and operating partners on predominantly what we would refer to as mid to high rise condominiums and 2-3 story detached townhomes or “villas”.
We also have an office in Mexico which has a broader mix of product types.
Both offices are staffed by those who grew up in the respective real estate markets.
Oversupply knows no borders, and we’ve seen that condition in various product types and locations in both countries.
thanks
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