A considerable proportion of buyers of real estate, timesharings or house of fractional type in Mexico is American, but it is not located within the category of high risk in credit matter. “The people who are acquiring vocational properties here do not have problems to buy, do not have risks of qualification for a mortgage in her country”, affirms the Real Estate Companies of San Miguel de Allende. Nevertheless, it adds that the credit policies towards this segment could become hardened as a result of the hypothecating crisis in the United States.
Although the hypothecating crisis has untied certain nervousness in the market, it has not been identified great setbacks this year in the segment of second house. The economic problems of several banks in the United States derived from the great part of their portafolios that was invested in risky credits could get to affect the investments of purchase or vacacional production in Mexico in the measurement in which they are involved with the American financial sector.
“Nevertheless, we have noticed that an important amount of developments comes from Mexican investors, Canadian, European and, mainly, Spaniards, so this negative effect can palliate a little”, indicate the specialists.
These data, combined to the low prices of the house and the cost of life, guarantee that Mexico will continue positioning itself as the favorite destiny of baby boomers and other North Americans, even, with smaller income, according to analysts. “There are expensive properties destined to the Americans, but they are not the majority.” As specialist comment.
Although the hypothecating crisis has untied certain nervousness in the market, it has not been identified great setbacks this year in the segment of second house. The economic problems of several banks in the United States derived from the great part of their portafolios that was invested in risky credits could get to affect the investments of purchase or vacacional production in Mexico in the measurement in which they are involved with the American financial sector.
“Nevertheless, we have noticed that an important amount of developments comes from Mexican investors, Canadian, European and, mainly, Spaniards, so this negative effect can palliate a little”, indicate the specialists.
These data, combined to the low prices of the house and the cost of life, guarantee that Mexico will continue positioning itself as the favorite destiny of baby boomers and other North Americans, even, with smaller income, according to analysts. “There are expensive properties destined to the Americans, but they are not the majority.” As specialist comment.
