Mexico | Real Estate Outlook. First semester 2026

Summary

Construction GDP decreased by 1.0% in 2025. The mortgage market shrank by 2.9% in loan amount, explained by the decrease in banking activity and despite the growth of Infonavit.

Key points

• Key points:
• Construction GDP decreased by 1% due to a 22.5% drop in Civil Works.
• The mortgage market contracted by 0.5% in the number of loans and 2.9% in total amount disbursed. Housing appreciation, however, continues to accelerate.
• Housing market growth is concentrated in major metropolitan areas
• Infonavit's delinquency rate will increase in 2025 due to the sensitivity of its borrowers to economic shocks.
• The increase in the 2026 budget for public works will have a positive effect on the construction sector.

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