Millennials boost Infonavit middle-income housing loans
Obras Expansión | December 09, 2021 |

The average home in Mexico is still the most produced and requested, and during the last year it has strengthened its position due to the loans granted by Infonavit and the demand of the millennial generation, according to data from the institute itself and the Association Mexican Association of Real Estate Professionals (AMPI).

The generation that did not want to buy real estate or had the desire to have an anchor that would prevent them from traveling the world, understood, with the contingency, that with a home you not only get that but also your work area.

After the pandemic, many companies began to operate under the remote working method, which accelerated the phenomenon of digital nomads, that is, employees who work virtually and who can migrate.

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According to the AMPI, with data from Infonavit, during the first quarter of the covid-19 pandemic, millennials accounted for 47% of home buyers. Currently that percentage has risen to 60%.

Another issue that accompanies the strengthening of middle-income housing is that of the Infonavit credit union for the purchase of larger properties. "The interesting issue is that young people who buy real estate know how to work well as a team."

That these credits can be acquired with partners, friends, partners, co-workers, since the link is co-residence and not the spouse, as it was before, has been favorable for new generations interested in owning a property.

The foregoing resulted in the fact that in the first quarter of 2021 the placement of loans increased by 9% compared to the first quarter of 2020.

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According to the Infonavit Single Housing Registry, during the second quarter of 2021 the home acquired with potential credit from Infonavit or Fovissste showed an annual growth of 18.9%, that is, 6.3 thousand more homes were built than in the same period of the year. last year.

This increase was led by traditional housing, followed by middle-residential housing. The production of this segment represented 13.7% of the total production, showing an annual variation of 29.1%.

Veronica Lozano, director of investor relations at Javer, considers that the average home is fully accessible through mortgage financing for the beneficiaries that fits that profile.

In the last year, Javer has reported more middle-income housing sales and a contraction in social housing.

In Solili you can check available apartments for sale in Mexico City

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