Mexico's admirable housing market
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House prices in Mexico rose by 6.38% during the year to Q2 2015. When adjusted for inflation, house prices were up by around 3.35%, based on figures from Sociedad Hipotecaria Federal (SHF). This followed 4.9% (1.78% in real terms) y-o-y growth in Q1 2015, revised from a preliminary 0.61% (-2.68% in real terms) y-o-y growth estimate by SHF.
Mexico´s real estate market has been buoyed by strong demand in resort communities, according to the International Consortium of Real Estate Associations (ICREA). American and Canadian buyers are returning to Mexico, after a several-year slump, thanks to low oil prices and the strong US dollar, pushing home values up.
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