HOUSING

The demographic pyramid compiled by The National Institute of Statistics, Geography, and Data Processing (INEGI) shows that in the year 2000, 45.5 million Mexicans were under the age of 20. According to the National Commission for Housing (CONAFOVI), as this ever-expanding segment of the population comes of age, people will demand homes of their own, resulting in the exponential growth of the Mexican housing sector over the next three decades (El Financiero 03/ 31/06).

In the Mexico City metropolitan area, with a population of 8.5 million, approximately ten thousand homes are built each year. Emilio Ocejo Gutierrez, president of the National Chamber for Housing Development (CANADEVI), explained that the high cost of land means that the construction of middle-income homes has far outpaced low-income housing development in Mexico City. This fact has driven low-income families—the vast majority of the population—to purchase their homes in the State of Mexico. Jose Mortero, the Mexico City coordinator for The Institute of the National Fund for Housing (INFONAVIT), stated that “many of our clients are purchasing their homes in Tizayuca, Hidalgo and commute to work in Mexico City.” He further commented that that the majority of government housing credits are now granted in the State of Mexico (El Financiero 03/31/06).

Given the growth of the low-income housing sector cited above, we invite you to analyze the tremendous growth potential and investment return for low-income housing in the State of Mexico and the State of Hidalgo. Please take a moment to review the information on this web page and contact us for additional information.