The new coronavirus disease (COVID-19) has hit the real estate industry in Mexico. It was estimated that in 2020 the demand for houses would decrease by nine percent in the North American country, in comparison to the previous year. Households with improved credit status were expected to suffer the most, with an estimated reduction of 14.1 percent.
Estimated change in housing demand in Mexico in 2020, by segment
Characteristic
Change rate
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* Households whose current home does not meet their needs.
** Occupied houses that lack some materials, services or space.
*** Households with a better credit history who are now able to apply for a mortgage loan.
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Federal Mortgage Society (Mexico). (April 30, 2020). Estimated change in housing demand in Mexico in 2020, by segment [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1150753/mexico-change-housing-demand/
Federal Mortgage Society (Mexico). "Estimated change in housing demand in Mexico in 2020, by segment." Chart. April 30, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1150753/mexico-change-housing-demand/
Federal Mortgage Society (Mexico). (2020). Estimated change in housing demand in Mexico in 2020, by segment. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1150753/mexico-change-housing-demand/
Federal Mortgage Society (Mexico). "Estimated Change in Housing Demand in Mexico in 2020, by Segment." Statista, Statista Inc., 30 Apr 2020, https://www.statista.com/statistics/1150753/mexico-change-housing-demand/
Federal Mortgage Society (Mexico), Estimated change in housing demand in Mexico in 2020, by segment Statista, https://www.statista.com/statistics/1150753/mexico-change-housing-demand/ (last visited July 22, 2024)
Estimated change in housing demand in Mexico in 2020, by segment [Graph], Federal Mortgage Society (Mexico), April 30, 2020. [Online]. Available: https://www.statista.com/statistics/1150753/mexico-change-housing-demand/