Through a collaboration agreement between the Treestate certifier and the Berkley insurance company , the aim is to prevent fraud in the real estate sector in Jalisco .
Both companies will launch the first guarantee policy of its kind, aimed specifically at providing legal, technical and financial certainty, as well as guaranteeing advances in pre-sales.
I believe that the main issue that gave rise to this policy is the great growth of this problem in Real Estate in recent years, we can talk about schemes disguised as a real estate investment.
Diego Espinosa de los Monteros, president of Treestate.
The real estate boom currently taking place in the Guadalajara Metropolitan Area (ZMG) makes investments in this sector more complex , which is why it is necessary to have mechanisms to provide certainty to those who risk their capital in new construction projects .
It is estimated that billions of pesos are lost each year in Mexico due to fraud and unfinished, unregistered or very poor quality projects.