MEXICO.-El Financiero, a Mexican Bloomberg affiliated publication, has published a list of seven cities with most potential growth in the real estate industry in the coming years. Tijuana is ranked as one of the most promising, beating out other major players such as Mexico City and Guadalajara.

The publication isn't the only one commenting on the city's improvement in this sector after some tumultuous years brought on by the global economic crisis. Just a few months ago Milenio, a national news service, reported that the Association of Professional Realtors (APIT in Spanish) cited a spike of between ten to fifteen percent in the sector, and predicted similar increases for the duration of the year.

According to El Financiero, Tijuana's location along the border of the United States has allowed this city to receive significant growth, and ranks it in second place in terms of increases in the real estate sector, "this is a trend that is anticipated to continue until 2030" according to the article. The federal entity that it pertains to accounts for five percent of the national housing demand, which is in addition to all industrial and tourism related real estate demands.

The report does not go into specifics, but it goes without saying that these increases are tied to increases in investment in the city for vertical housing construction, as well as commercial and office use space.

The rest of the list includes cities such as Cancun taking the first spot, and Mexico City coming in after Tijuana in third place. Tuxtla Gutierrez, Chiapas is ranked fourth on the list, followed by Queretaro, Monterrey, and Guadalajara.

*Via El Financiero.com.mx

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