In 2023, Infronavit granted approximately ******* mortgage loans in Mexico, down from nearly ******* loans a year earlier. In that same year, around ***** mortgage loans were granted by two or more institutions. In total, around ***** mortgages were granted in this Latin American country in 2022.

In 2022, the total amount of personal mortgage loans granted in Mexico reached *** billion Mexican pesos, a slight increase compared to the value of loans registered the year before. Commercial banks conceded about ** percent of personal mortgage loan value in 2022, followed by the Institute of the National Workers' Housing Fund (INFONAVIT), which was responsible for approximately ** percent of mortgage lending.

In 2023, BBVA concentrated roughly ** percent of the loans granted in Mexico. BBVA had an even bigger market share in the mortgages segment. Meanwhile, Banorte's was the second organization in the ranking, with almost ** percent of all lending. In 2024, Banorte ranked among the most valuable banking brands in Latin America.

The Mexico Home Equity Loan market, valued at approximately $X million in 2025 (estimated based on provided CAGR and market size), is projected to experience robust growth, exceeding a 5% compound annual growth rate (CAGR) through 2033. This expansion is fueled by several key drivers. Rising homeownership rates in Mexico, coupled with increasing awareness of home equity loans as a financing option, are significantly contributing to market growth. Furthermore, the growing middle class with increased disposable income is seeking financing options for home improvements, debt consolidation, and other large purchases, thus boosting demand. The availability of diverse loan products, including fixed-rate loans and home equity lines of credit (HELOCs), offered by a range of providers such as commercial banks, financial institutions, credit unions, and other creditors, further enhances market accessibility. The increasing adoption of online loan applications and disbursement processes streamlines the borrowing experience, contributing to market expansion. However, certain challenges temper the market's growth trajectory. Economic instability and fluctuating interest rates can impact borrowing costs and consumer confidence, potentially hindering loan uptake. Stringent lending regulations and credit scoring requirements may also restrict access to loans for certain segments of the population. Despite these constraints, the long-term outlook for the Mexico Home Equity Loan market remains positive, driven by sustained economic growth and evolving consumer borrowing behaviors. The increasing sophistication of financial products and services, combined with a growing understanding of home equity as a valuable asset, positions the market for continued expansion in the coming years. The competitive landscape includes established players like Bank of America and regional banks like Bank of Albuquerque, fostering innovation and consumer choice. Recent developments include: On August 2022, Rocket Mortgage, Mexico's largest mortgage lender and a part of Rocket Companies introduced a home equity loan to give Americans one more way to pay off debt that has risen along with inflation. Detroit-based Rocket Mortgage is enabling the American Dream of homeownership and financial freedom through its obsession with an industry-leading, digital-driven client experience, On February 2023, Guild Mortgage, a growth-oriented mortgage lending company originating and servicing residential loans since 1960, increased its Southwest presence with the acquisition of Legacy Mortgage, an independent New Mexico-based lender. With this acquisition, the Legacy Mortgage team can offer borrowers a broader range of purchase and refinance loan options, including FHA, VA, USDA, down payment assistance programs, and other specialized loan programs.. Key drivers for this market are: Rise in the price of Housing Units increasing Home Equity loan demand by borrower, Decline in Inflation and lending interest rate reducing lender risk. Potential restraints include: Rise in the price of Housing Units increasing Home Equity loan demand by borrower, Decline in Inflation and lending interest rate reducing lender risk. Notable trends are: Financial And Socioeconomic Factors Favouring The Market.

The Report Covers Mexico Residential Real Estate Housing Market Companies and is Segmented by Type (Apartments and Condominiums and Landed Houses and Villas). The Report Offers Market Size and Forecast in Value (USD) for all the Above Segments.

The Mexican residential real estate market, valued at $14.51 billion in 2025, exhibits a promising growth trajectory with a Compound Annual Growth Rate (CAGR) of 4.14% projected from 2025 to 2033. This robust expansion is fueled by several key drivers. A growing middle class with increasing disposable income is a significant factor, alongside government initiatives promoting affordable housing and infrastructure development. Urbanization continues to drive demand, particularly in major metropolitan areas like Mexico City, Guadalajara, and Monterrey. Furthermore, the tourism sector's influence on secondary housing markets in coastal and resort regions contributes significantly to the overall market dynamism. However, challenges exist; fluctuations in the Mexican Peso against the US dollar can affect investment sentiment, and interest rate changes impact mortgage accessibility. Regulatory hurdles and bureaucratic processes related to land ownership and construction permits sometimes impede development. The market is segmented by property type, with apartments and condominiums likely holding the largest share, followed by landed houses and villas, reflecting diverse consumer preferences and housing needs. Competition is intense, with a mix of both large national developers like Grupo Lar and Grupo Sordo Madaleno, alongside smaller regional players vying for market share. The market's future success depends on navigating these challenges effectively while capitalizing on the underlying growth opportunities. The projected market expansion will likely see a more pronounced increase in higher-value segments (landed houses and villas) as rising incomes fuel demand for luxury properties. Geographical variations are expected; while urban centers will experience sustained growth, resort areas might see more volatile fluctuations influenced by tourism trends. The market's resilience will be tested by its ability to adapt to potential economic shifts and effectively address regulatory constraints. Continuous investment in infrastructure and supportive government policies will be pivotal in fostering sustainable and inclusive growth across all market segments within the forecast period. The presence of both large and small players ensures a competitive landscape, promoting innovation and diversification within the industry. Recent developments include: June 2023: Habi, a prominent real estate technology platform, is set to receive a substantial financial boost of USD 15 million from IDB Invest. This funding, spread over four years, aims to fuel Habi's expansion plans in Mexico. While the structured loan has the potential to reach USD 50 million, its primary focus is to cater to Habi's working capital needs. IDB Invest's strategic move is not just about bolstering Habi's growth; it also aims to leverage technology to enhance liquidity and agility in Mexico's secondary real estate markets. By addressing the housing gap in Mexico, this funding initiative is poised to elevate market efficiency, bolster transparency, encourage local contractors for home renovations, and expand Habi's corridor network., June 2023: Celaya Tequila, a premium tequila brand crafted in small batches and co-founded by brothers Matt & Ryan Kalil, is forging a philanthropic alliance with New Story, a non-profit dedicated to eradicating global homelessness. In a groundbreaking move, Celaya Tequila pledges to contribute a percentage of sales from every bottle towards an affordable housing endeavor in Jalisco, Mexico. This endeavor aims to empower underprivileged families in Jalisco by enhancing their access to homes and land ownership.. Key drivers for this market are: 4., Increasing Residential Real Estate Demand by Young People4.; Increase in Average Housing Price in Mexico. Potential restraints include: 4., Increasing Residential Real Estate Demand by Young People4.; Increase in Average Housing Price in Mexico. Notable trends are: Demand for Residential Real Estate Witnessing Notable Surge, Primarily Driven by Young Homebuyers.

Mexico's housing market demonstrates significant regional price variations, with Mexico City emerging as the most expensive area for residential property in 2024. The capital city's average house price of 3.91 million Mexican pesos far exceeds the national average of 1.73 million pesos, highlighting the stark contrast in property values across the country. This disparity reflects broader economic and demographic trends shaping Mexico's real estate landscape. Sustained growth in housing prices The Mexican housing market has experienced substantial growth over the past decade, with home prices more than doubling since 2010. By the third quarter of 2023, the nominal house price index reached 255.54 points, representing a 146 percent increase from the baseline year. Even when adjusted for inflation, the real house price index showed a notable 40 percent growth, underscoring the market's resilience and attractiveness to investors. The mortgage market is dominated by three main player types: Infonavit, Fovissste, and commercial banks including Sofomes. In 2023, Infonavit, a scheme by Mexico's National Housing Fund Institute which provides lending to workers in the formal sector, was responsible for the majority of mortgages granted to individuals. Challenges in mortgage lending Despite the overall growth in housing prices, Mexico's mortgage market has faced challenges in recent years. The number of new mortgage loans granted has declined over the past decade, falling by approximately 200,000 loans between 2008 and 2023. This decrease in lending activity may be attributed to various factors, including economic uncertainties and changing consumer preferences. The state of Mexico, which is home to 13 percent of the country's population, likely plays a significant role in shaping these trends, given its large demographic influence on the national housing market.

Comprehensive dataset of 617 Mortgage brokers in Mexico as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Comprehensive dataset of 508 Mortgage lenders in Mexico as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Key information about House Prices Growth

• Mexico house prices grew 8.8% YoY in Dec 2024, following an increase of 9.2% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2006 to Dec 2024, with an average growth rate of 7.4%.
• House price data reached an all-time high of 11.7% in Mar 2023 and a record low of 2.2% in Jun 2010.

CEIC calculates House Price Growth from quarterly House Price Index. Federal Mortgage Society provides House Price Index with base 2017=100.

Graph and download economic data for Real Residential Property Prices for Mexico (QMXR628BIS) from Q1 2005 to Q4 2024 about Mexico, residential, HPI, housing, real, price index, indexes, and price.

The number of new mortgage loans granted in Mexico has declined in the past decade, despite some fluctuations. In 2024, approximately ******* mortgage loans were granted, down from ******* reported during the market peak in 2008.

The benchmark interest rate in Mexico was last recorded at 7.75 percent. This dataset provides - Mexico Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Latin American home mortgage finance market, valued at approximately $XX million in 2025 (estimated based on provided CAGR and market size), is projected to experience steady growth at a CAGR of 3.00% from 2025 to 2033. This growth is fueled by several key drivers. Rising urbanization and population growth across the region are increasing the demand for housing, particularly in rapidly developing cities like São Paulo, Mexico City, and Bogotá. Government initiatives aimed at improving access to affordable housing, coupled with favorable interest rates in certain periods, are also contributing positively to market expansion. Furthermore, the increasing adoption of digital lending platforms and improved financial inclusion are streamlining the mortgage application process, making homeownership more accessible to a broader segment of the population. However, economic volatility and fluctuating interest rates in some Latin American countries represent significant restraints. Additionally, stringent lending criteria and high down payment requirements can limit access to mortgages for many potential borrowers, particularly in lower-income segments. The market is segmented by mortgage type (fixed-rate and adjustable-rate), loan tenure (categorized into 5-year, 6-10 year, 11-24 year, and 25-30 year terms), and geography (Brazil, Chile, Peru, Colombia, and the Rest of Latin America). Key players include Caixa Econômica Federal, Banco do Brasil, Itaú, Bradesco, Santander, and other major regional and international banks. The market's future trajectory hinges on macroeconomic stability, regulatory reforms, and continued technological advancements in the financial sector. The segment breakdown reveals significant variations across countries. Brazil, given its large population and economy, commands a substantial share of the market. Chile and Colombia also represent significant markets, exhibiting comparatively higher adoption of mortgages due to their relatively stable economies and established financial sectors. Peru and the Rest of Latin America, while showing promising growth potential, face challenges related to infrastructure development and economic uncertainty. The diverse range of loan tenures reflects varying borrower preferences and risk profiles. Longer-term mortgages are generally preferred for larger purchases, while shorter-term options offer greater flexibility. The competitive landscape is marked by the dominance of large, established banks alongside smaller, regional lenders catering to niche market segments. Future growth will likely depend on innovative financial products, competitive pricing, and effective risk management strategies tailored to the unique conditions of each Latin American nation. Recent developments include: In August 2022, Two new mortgage fintech start-ups emerged in Latin America: Toperty launched in Colombia and Saturn5 is about to launch in Mexico. Toperty offers to purchase a customer's new house outright and provides a payment schedule that allows the customer to purchase the house while renting it from the business. Saturn5 wants to give its clients the skills and resources they need to buy a house on their own., In August 2022, During a conference call on August 5, Brazilian lender Banco Bradesco SA startled analysts by reporting an increase in default rates in the second quarter of 2022. The average 90-day nonperforming loan ratio for Bradesco, the second-largest private bank in Latin America, increased by 30 basis points. Delinquency in the overall portfolio increased to 3.5% from 2.5% and 3.2%, respectively, in the first quarter.. Notable trends are: Increase in Economic Growth and GDP per capita.

The Latin American residential real estate market, valued at $477.77 million in 2025, is projected to experience robust growth, driven by factors such as increasing urbanization, rising disposable incomes, and government initiatives promoting affordable housing. The market is segmented by property type (apartments & condominiums, landed houses & villas) and geography (Mexico, Brazil, Colombia, and Rest of Latin America). Brazil and Mexico, with their large populations and developing economies, are expected to dominate the market, contributing significantly to the Compound Annual Growth Rate (CAGR) of 8.32% projected from 2025 to 2033. Strong demand from millennials and growing tourism in key areas are also contributing factors. However, challenges remain, including economic volatility in some regions, fluctuating interest rates impacting mortgage affordability, and infrastructure limitations in certain areas. The competitive landscape includes both large national developers like Cyrela, MRV Engenharia, and Grupo Sadasi, along with international players like JLL and CBRE, creating a dynamic and evolving market. Significant growth opportunities exist within the affordable housing segment, catering to the expanding middle class. Further market expansion is anticipated through the development of sustainable and smart homes, reflecting growing environmental awareness and technological advancements. While regulatory hurdles and bureaucratic processes can present challenges, the long-term outlook for the Latin American residential real estate market remains positive, driven by the region's demographic trends and continued economic development. Strategic investments in infrastructure development and supportive government policies will be crucial in unlocking the market's full potential. Detailed analysis of specific countries within the region will reveal nuances in market performance, highlighting areas of exceptional opportunity or risk. This report provides a detailed analysis of the dynamic Residential Real Estate Market in Latin America, covering the period 2019-2033. With a base year of 2025 and a forecast period spanning 2025-2033, this in-depth study leverages historical data (2019-2024) to offer valuable insights into market trends, growth drivers, and challenges. Keywords: Latin America real estate market, residential real estate Latin America, Latin American housing market, Brazilian real estate, Mexican real estate, Colombian real estate, apartment market Latin America, condo market Latin America, real estate investment Latin America. Recent developments include: November 2023: CBRE, a prominent global consultancy and real estate services firm, unveiled its latest initiative, the Latam-Iberia platform. The platform's primary goal is to reinvigorate the real estate markets in Europe and Latin America while fostering investment ties between the two regions. By enhancing business collaborations and amplifying the visibility of real estate solutions, CBRE aims to catalyze growth in the sector., May 2023: CJ do Brasil, a subsidiary of multinational firm CJ Bio, completed its USD 57 million plant expansion in Piracicaba, 160 km from Brazil's capital. CJ Bio is renowned for its expertise in amino acid production. The expansion is projected to create 650 new job opportunities, and the investment also encompasses the establishment of residential, research, and development centers.. Key drivers for this market are: Increase in Population is Boosting the Residential Real Estate Market, Rapid Growth in Urbanization. Potential restraints include: Accelerated Increase in Construction Costs. Notable trends are: Increase in Urbanization Boosting Demand for Residential Real Estate.

Key information about Mexico Household Debt

• Mexico Household Debt reached 271.8 USD bn in Dec 2024, compared with the reported number of 280.8 USD bn in the previous quarter
• Mexico Household Debt: USD mn data is updated quarterly, available from Dec 2000 to Dec 2024
• The data reached an all-time high of 320.4 USD bn in Mar 2024 and a record low of 53.5 USD bn in Dec 2000

CEIC converts quarterly Household Debt into USD. The Bank of Mexico provides Household Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Household Debt includes Mortgages and Consumer Loans.


Further information about Mexico Household Debt

• In the latest reports, Mexico Household Debt accounted for 16.7 % of the country's Nominal GDP in Dec 2024
• Money Supply M2 in Mexico increased 707.1 USD bn YoY in May 2023
• Mexico Foreign Exchange Reserves was measured at 211.3 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 4.3 Months of Import in Jan 2025
• Mexico Domestic Credit reached 732.4 USD bn in Dec 2024, representing an increased of 14.8 % YoY

Comprehensive dataset of 76 Low income housing programs in Mexico as of August, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Graph and download economic data for Housing Inventory: Median Days on Market Month-Over-Month in Mexico, MO (CBSA) (MEDDAYONMARMM33020) from Jul 2017 to Jul 2025 about Mexico, MO, median, and USA.

Comprehensive dataset of 22,633 Housing developments in Mexico as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

The retail deposits and mortgage markets in Mexico reported strong growth during 2013-17, but these gains are expected to decelerate in the next five years. The credit card market is set to accelerate during 2018-22 compared with the preceding five-year period. Mexican banks have been increasing their profitability in recent years, and their operating efficiency is also improving. Read More