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Mexico: Property Prices Increase 10% First Quarter 2012

Article Summary:

The average price of homes in Mexico increased 9.5% in the first quarter of 2012 due to a change in the combination of sales and marketing of homes and apartments with added value.

Original Article Text From Estrategia y Negocios via Google Translate :

The property is 10% more expensive in Mexico

The average price of homes in Mexico increased 9.5% in the first quarter of 2012 due to a change in the combination of sales and marketing of homes and apartments with added value, according to figures obtained in an exercise CNNExpansión. Based on a consolidated figures Geo, Ara, Homex and Urbi, the average cost of housing stood at 397,783 pesos at the end of March this year against 363,370 pesos in the same month in 2011.

“There was a change in sales mix of the sector Infonavit was affected by the single register of housing, while the first quarter of this year was very active Fovissste, which has a sales mix with a higher average price (that of Infonavit), “said Francisco Chavez, an analyst at brokerage firm BBVA Bancomer.

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From Estrategia y Negocios

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