However, there are also a significant number of people who are not interested in acquiring a mortgage loan
MEXICO CITY.- The Mexican Association of Real Estate Professionals (WIDE) estimates a 10% increase in the placement of mortgage credits during the first quarter of 2021.
The foregoing, due to a higher credit placement by the Infonavit, an institution that increased 8% in January compared to the same month last year.
It also has to do with the mortgage offer by banks, which are offering single-digit interest rates with 20-year terms to encourage a greater number of people to acquire a property.
At a press conference, Pedro Fernández, national president of WIDE, said that the cities most benefited by the rebound in real estate activity are Tamaulipas, the Riviera Maya (with real estate tourism), Veracruz, the Riviera Nayarit and Tijuana.
“The Infonavit It is the largest mortgage in Mexico: 70% of the loans generated come from that institute and it is very disruptive in the number of products it offers so that each Mexican has a home, “he said.
In January, Infonavit placed more than 26 thousand mortgage credits, that is, 8% more than the first month of 2020, when the Covid-19 pandemic was not yet faced in the country.
However, there is also a significant number of people who are not interested in acquiring a mortgage loan due to the economic uncertainty generated by the health emergency, and this segment will be the one that opts for rental housing.
“The traditional leasing is going to be repositioned in a quantum way. Even the Airbnb are no longer in the growth that they brought before due to the fiscal locks that were imposed on them.
“But the traditional roof, whether for purchase or lease, is rebounding,” he said.
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