Mexican Housing Day 2011 will Take Place in London on Monday February 14th at 1 Great Winchester St (Deutsche Bank Offices)By Conavi, PRNE
Wednesday, January 26, 2011
MEXICO CITY, January 27, 2011 - This Eighth Annual event will feature important presentations from:
Mexico's Minister of Finance, National Housing Commission (CONAVI), Sociedad
Hipotecaria Federal (SHF), Fondo de la Vivienda del Instituto de Seguridad y
Servicio Social de los Trabajadores del Estado (FOVISSSTE), CONAGO Housing
Commission, Mexican Ministry of Social Development (SEDESOL), Mexican Banking
Association, Instituto del Fondo Nacional de la Vivienda para los
Trabajadores (INFONAVIT) and the Mexican Ambassador to the U.S.
The housing market in Mexico has solid foundations: i) Secure demand for
the next ten years, and, ii) Stable House prices. These factors and the
availability of sufficient sources of financing from private and public
sector institutions will guarantee the goal of the Federal Government to
grant sufficient mortgages to the population.
If you should wish to attend, be so kind as to register at
For the present decade, housing has been a priority for the Mexican
Government. The transformation of the legal framework, especially the
promulgation of a new Housing Law, in addition with the creation of an entity
in charge of designing and conducting the sector's policy, allowed to
establish the basis of a national policy.
At the same time, the Mexican Housing Market has seen significant growth
in recent years, driven by a home deficit for new homes of approximately 5.4
million for new households, a strong demand which outpaces home supply, solid
mortgage financing institutions resulting in increased access to financing
for low income homebuyers, strong federal government support, and
consolidated coordination among all players.
The Mexican population includes 26.7(1) million families. From those, 8.9
million (1/3 of the total) inhabit substandard dwellings which are built with
low quality materials or are overcrowded. Yearly approximately 550,000 new
households are formed, of which 54% are able to demand a loan.
In terms of yearly mortgage production, the market has grown
significantly from 341,928 in 2000 to 842,000 in 2009 (146% increase)
INFONAVIT and FOVISSSTE are responsible for allocating on a yearly basis
approximately 450,000 and 100,000 new mortgages respectively.
The participation of a specialized federal development bank such as SHF
in the housing sector provides support to either fund or find different
sources to finance each stage of the housing production chain: Stage I:
Construction loans for social housing; Stage II: Individual loans; Stage III:
RMBS represent a growth opportunity for the housing sector and as a
result of this INFONAVIT and FOVISSSTE have actively increased their reliance
on Residential Mortgage Backed Securities issuances directed to domestic
institutional investors as well as foreign investors.
Events such as the Eighth Mexican Housing Day will contribute to raising
awareness of business opportunities in housing for international investors
and also promote the Mexican Government support to this sector.
(1)This figure is updated to 2008, for 2010 INEGI (National Statistics
and Geography Institute estimates around 28 million households.
Contact: Enrique Escamilla +011-52-55-9138-9991 EEscamilla@conavi.gob.mx
Enrique Escamilla, +011-52-55-9138-9991, EEscamilla at conavi.gob.mx
Tags: Conavi, January 27, mexico, Mexico city