Housing Sector Will Underpin Growth In the Country Mexico

Housing sector will underpin growth in the country: SHCP


Written by eStrategy 2 Real Housing Sector Jan 12, 2011 The Secretary of Finance said that since economic growth scenarios for Mexico in this 2011, "the housing industry will be crucial to shore up our economy," he said.



Speaking at the presentation of the Finance Sector Housing 2011, said that in the next 12 months will receive a downward trend in interest rates of credit and that this factor is coupled with the growing trend and report the consumer credit, business and the housing.



After the event, the Secretary Lamb in an interview said the federal government has a courageous public safety and said that decisions taken today should be done in a while.



This year the housing sector is in its forecasts sales of 750 thousand new homes of all socio-economic levels on Mexican soil.



According to the director general of the National Housing Commission (Conavi), Ariel Cano Cuevas, investment in housing loans, by all housing agencies and private financial institutions, ranging from 250 billion pesos during 2011, which exceed 240 billion last year exercised.



But he acknowledged that it is far from 2008 levels. Softec dispatch data predict that this year sales in the 80 main places of the country would total 19 billion dollars.



During the 2008 construction and new home sales were reported turnover of 30 billion dollars.



This year it is expected that the revival of the industry itself is now supported credits, in particular for building new housing.



The president of the Association of Banks of Mexico, Ignacio Deschamps, said that given the results of 2010 (the bank originated 11.5% more mortgages than in 2009), "we should be optimistic about the sector risks: increased investment in housing construction and stable prices. This invites us to invest with firmness. "



For its part, the general director of the Federal Mortgage Society (SHF), Javier Gavito Mohar, explained that they will spend 15 thousand 449 million pesos to finance housing construction during 2011.

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