El Universal, 3/5/2009
Investment in mortgage financing in the Federal District totalled 24.2 billion pesos in 2008, an amount that was 17.7% less than the previous years, and the number of loans was 74,545, 5.5% less than in 2007.
According to the firm Softec, in 2008 there were less real estate projects in the Federal District, due to restricted financing for construction among financial institutions and developers as a result of the crisis, which reduced liquidity in the markets.
In addition, the Mexican Association of Real Estate Professionals (AMPI) highlighted that the crisis generated uncertainty among people wanting to purchase a home, which has also provoked a contraction in home sales.
