Mexico Real Estate Outlook. Second semester 2021

Summary

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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