Naming 2014 “the year of reactivation for the housing sector” in Mexico’s already booming real estate markets, President Enrique Pena Nieto has announced that the federal government will provide more than $23 billion in an effort to boost home loans this year.
“The investments destined for individual mortgage credits will increase by more than $19.5 billion, an amount 18 percent higher than 2013,” stated Pena Nieto in a press conference. “The number of mortgage loans increased in 2013 by more than 10 percent.”
Real estate is an essential strategic component to Mexico’s overall development, with more than . . .
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