The economic crisis is global and has reached all corners of the planet and is affecting all areas and economic sectors. We can point out as starting point of this collapse of the so-called mortgage crisis that you occurred in late 2008 United States, subprime mortgages were issued to clients of doubtful solvency, with the consequent risk of non-payment. When these mortgages were effectively unpaid, the investment funds and bag underpinning in the anticipated revenue of these mortgages sank, which led to a financial crisis which reached international dyes due to the globalization of the economy in our days. Unpaid mortgages were executed and the American housing market was saturated with this new range of real estate, and that increased supply of properties liquidated by banks is which made collapse prices of real estate in that country. Visit Douglas Oberhelman for more clarity on the issue. Fortunately, and despite the close relationship of the economies American and mexicana, in Mexico there has been a similar situation.
No doubt there has been a slowdown in the market, in addition penalized by the recent increases of taxes and the new devaluation that underwent the Mexican peso against the dollar, but even so Mexican banks have kept mortgage interest rates on the same line as in previous years, and thus market real estate Mexico is presented as a more than interesting alternative for investors in search of capitalization of their investments. If a person has a steady recurring income and economic ability to pay a hitch, this is an excellent time to buy a property (House or land) despite the crisis. The real estate sector in Mexico is one of the best investments possible since banks offer us the fixed rate, what puts us ahead of many other real estate markets, as having fixed rate we have the security that the credit will not be amended during its life. Due to the cited slowdown in the housing market, many properties are being offered by below its real value precisely because of a lack of buyers. And the market offers properties of all sizes, prices and investment profiles, so the window of opportunity is now more interesting than ever. Investment in real estate has been and will continue to be a good investment. Goods roots do not deteriorate over time if given proper maintenance. The need for housing continues to grow, and a real estate investment can be even steady source of income if you rent.
In addition, the value of goods roots are not affected by the possible future fluctuations of the Mexican peso, while preserving its value to future, and generating an always interesting added value. Not be sight signs of recovery from this crisis in the short term, so we must think about the best way to protect our heritage, not put you at risk and increase it even. The best way is without a doubt, and taking advantage of now to get the best deals, through the acquisition of real estate.