Purchase of popular used homes and residential plus increases! – The financial

Due to the increase in the prices of the materials, the inputs of the heavy machinery, as well as their rent and the salaries of the masons have caused that people cannot access new social housing.

This set of events has increased the value of new homes in this sector and people, faced with their need for a home, have been buying used homes, many of which are recovered by Infonavit. Another important factor for this decision is the best location offered by the used ones.

The lack of purchasing power of people has caused the acquisition of these properties to have risen 65 percent as of September and they expect it to reach 90 percent by the end of 2021.

This increase for the purchase of used housing gives a figure higher than that of 2018, which had been the highest before. The average value of these properties ranges between 630 thousand pesos.

Loans for used houses represented 33 percent of the total mortgages given to the right holders and is considered the highest level reached in recent times.

On the other hand, I have found out that Nuevo León and well that means Monterrey has stood out this year at the national level in the sale of houses of more than 6 million pesos.

In general, the sale of residences plus reached its highest point in the last 5 years in Mexico in the first quarter of this year.

From January to June, 12,550 houses of this type were sold, which represents 49.3 percent more than in the same period of 2020 at the national level

The leading cities were Mexico City, Nuevo León, the State of Mexico and Jalisco.

Only Monterrey increased 83.6 percent in the placement of this type of property compared to last year.

This can show us that the gap is starting to get bigger these days, as people with blue collar jobs are struggling to buy a house and people with executive or managerial jobs are buying more and more plus-type homes. .

The question that must be asked here is what is happening or is happening with housing for the middle class or residential housing?

See you until next time!

The author has more than 29 years of experience in the field of real estate in communication, campaigns and launching of real estate projects. Since 1995 he has been a member of the National Association of Real Estate Editors (NAREE).

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