GCE Poll Results Show Mexicans Slow to Buy Homes The News
go to original November 3, 2014

Poor neighborhoods are often the only place Mexicans with little education and little money can build better lives. (Al Jazeera)

Even though the federal government has introduced flexible conditions to purchase a house, according to polls, most Mexicans still think that owning their own house is difficult and beyond their economic means.

In 2012, a reform to the National Housing Fund Institute (Infonavit) Law came into effect. It established the possibility to offer credits in pesos, obtain a second loan, as well as new modalities for finance products in the real estate sector and to strengthen the patrimony of claimants.

The Strategic Communication Committee (GCE) conducted a poll via telephone to 600 people around the country. The results showed that 56.5 percent of Mexicans said that the government has implemented changes to policies to guarantee they have a worthy home. Seventy-five percent of them think that acquiring a home is complicated and only 4.1 percent said that they don’t consider owning a house is difficult.

High real estate costs, quality of materials and location are the main concerns and obstacles for people wishing to buy a house, the results showed.

Read the rest at The News

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