The Housing Demand Recovers in Mexico

The housing demand recovers in Mexico

21/11/2010 13:15



Mexico. The best conditions were beginning to reflect in moderate upturn in house prices.
From January to September 2010 house prices rose 5.5% over the same period last year and particularly during the third quarter reported a nominal variation of 7.4%, informed the Federal Mortgage Society (SHF).


According to an analysis of the Mexican Business Web Mexico's financial stability, low mortgage cost during 2010, the recovery of employment and consumer confidence have led to improve living demand conditions, which is reflected at a moderate recovery in prices.


Not only the higher price of housing is a reflection of increased demand, the market also is turning to higher cost housing.


Based on its 'SHF Index ', the agency found that 'the collateral value of mortgage loans in the first 9 months of the year presented an appreciation in all states of the country and the market was directed towards higher-priced housing.'


The same institution pointed out that 'growth shown according to the general economic conditions, formal employment continued to trend upward and financial conditions remained stable.'

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