The economic crisis is worldwide and has reached all corners of the world and is affecting all areas and economic sectors. We can point to as a starting point of this crisis, the collapse of the so-called subprime mortgages in the U.S. occurred in late 2008, mortgage customers were doubtful solvency, with the risk of default. When those were actually unpaid mortgages, mutual funds and bag that were based on expected income of those mortgages collapsed, causing a financial crisis which reached international dyes due to the globalization of the economy today. Foreclosures were implemented and the U.S. housing market was saturated with this new range of real estate, and it is this increased supply of properties settled by the banks that caused the collapse of real estate prices in that country. Fortunately, despite the close relationship between U.S.
Mexican economies, in Mexico there has been a similar situation. No doubt there has been a slowdown, penalized also by recent tax increases and the new devaluation of the peso against the dollar, yet Mexican banks have kept mortgage interest rates in line in previous years, and thus, the Mexican real estate market presents a very interesting alternative for investors looking to capitalize on their investment. If a person has a recurring fixed income and economic capacity to pay a down payment, this is an excellent time to buy a property (house or land) in spite of the crisis. The housing sector in Mexico is one of the best investments possible because banks offer the fixed rate, which puts us ahead of many other housing markets, because when we have fixed-rate security that credit will not be modified during his lifetime. Due to the aforementioned downturn in the housing market, many properties are being offered under real value precisely because of the lack of buyers. And the market offers properties of all sizes, prices, investment profiles, so that the window of opportunity is far more interesting than ever. Investment in real estate has been and will remain a good investment.
Real estate does not deteriorate over time if given proper maintenance. The need for housing continues to grow, and a real estate investment may even be a constant source of income if income. Moreover, the value of real property are not affected by possible future fluctuations in the peso, while retaining its future value, and generating a surplus always interesting. No sighting signs of recovery from this crisis in the short term, you have to think about the best way to protect our heritage, not to put at risk and even increase it. And the best way is without a doubt, and taking advantage of the moment to get the best deals by acquiring real estate.