The sale of used housing in Mexico is on the rise

November 25, 2022

It can be said that in Mexico, the new housing market is more dynamic, however, circumstances are changing rapidly, and people's preference between new and used housing varies, depending on disposable income, where the person lives people, as well as age.

Based on the information on loans granted for home purchases in Mexico between 2020 and 2022, used homes receive 30% fewer loans than new ones, although the gap has narrowed in the last two years.

"Only in 2020, used housing loans were equivalent to 63% of new ones, while in 2021 and 2022 . . .

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