No Place Like Home

July 2007 | Ratings Update

Attending a conference at the National Chamber of Industry, Development and Housing Promotion (CANADEVI), President Felipe Calderón underlined the importance of a national housing strategy, claiming that the country will need to build an additional 650,000 housing units per annum over the next 25 years to deal with the country's changing demographics. These construction needs would, according to Calderón, also stimulate productivity and job creation. The government also intends to play a role in the housing sector. The government could providing credits to low-income home purchasers of approximately MXN180,000, together with non-reimbursable subsidies in order to complement mortgages obtained from

If you would like to subscribe to Mexico Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Mexico Monitor please click on the trial link below.