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Published on Monday, September 13, 2021

Mexico Real Estate Outlook. Second semester 2021

In the middle of this year 2021, official figures show strong growth in the construction sector, an annual rate of 9.5%. A strong advance was to be expected in 2Q21, given that a year earlier the sector contracted more than 20%.

Key points

  • Key points:
  • The construction sector grew sharply in 2Q21, but recovery is still a long way off.
  • The mortgage market advances driven by the middle and residential sectors, low interest rates, as well as the forced savings generated during the pandemic.
  • The Housing Lag added 8.8 million homes in 2020, reducing compared to 2018.
  • The characteristics of bank mortgage credit improve access to housing in each of its segments.

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