Mexico Real Estate Outlook. Second semester 2023

Summary

Construction grows 10.5% in the second trimester of 2023, the impulse comes from Civil construction. Mortgage credit shows a contraction of 4.1% on number of mortgages and 8.6% on credit amount. The potential demand for affordable housings amounts to 3.2 million houses.

Key points

• Key points:
• Constructions GDP grows 10.5% in the second trimester with the impulse of Civil construction which grew 78%
• Total mortgage loans has contracted in the middle of 2023, 4.1% in loans and 8.6% in amount, credit from commercial banks and Fovissste has decreased, while only Infonavit increased
• Ten states show growth in the first semester on 2023, most of them have tourist destinations
• The potential demand for affordable housing amounts to 3.2 million of dwellings

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