Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2014End of 2013End of 2012SourcesVar ID
Total population119.71 million118.4 million117.28 million
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A.1.1
Total number of households31.67 million31.9 million31.5 million
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A.1.2
Average household size3.83.73.7
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A.1.3
Urban population (% of total)78.97% of total76.8% of total76.8% of total
WDI
A.1.4
Urban population growth (annual %)1.68%1.72%1.78%
WDI
A.1.5
A.2 Economy
VariableEnd of 2014End of 2013End of 2012SourcesVar ID
GDP, current prices (U.S. dollars)1,297,894 USD (millions)1,261,834 USD (millions)1,186,602 USD (millions)
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A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)2,148,884 USD (millions)2,069,842 USD (millions)2,008,788 USD (millions)
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A.2.2
GDP per capita, current prices (U.S. dollars)108,417.7 USD 10,657.82 USD 10,137.24 USD
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A.2.3
GDP based on PPP per capita GDP (Current international dollar)17,149.57 USD 16,541 USD 15,559 USD
WEO
A.2.4
GDP, constant prices (Percent change)2.25%1.35%4.02%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)4.02%3.97%3.57%
WEO
A.2.6
GDP, deflator (Index)125.29119.68117.61
WEO
A.2.7
Consumer price index116.25111.76107.66
WDI
A.2.8
GINI Index Not available44
 
A.2.9
Median national annual household income8,088.42 USD 8,010.19 USD 7,931.95 USD
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A.2.10
Median urban annual household income9,294 USD/year9,230 USD/year9,166 USD/year
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A.2.11
Urban minimum wages per month in USD151.87 USD 152.11 USD 141.99 USD
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A.2.12
Growth in urban household income (%/year)A.2.13
Nominal.69%.7%2.3%
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A.2.13.1
Real-3.2%-2.99%-1.74%
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A.2.13.2
Employment (% of total laborforce)A.2.14
Self-employed22.45%22.86%22.47%
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A.2.14.1
Informally employed27.37%28.27%28.75%
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A.2.14.2
Unemployed4.5%4.8%4.95%
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A.2.14.3
Interest Rates:A.2.15
Central bank lending/discount rate3.12%3.96%4.5%
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A.2.15.1
Yield on 3 months treasury bills3%3.81%4.38%
Banco de Mexico
A.2.15.2
Yield on 10-year Government bond6.01%3.99%5.6%
Banco de Mexico
A.2.15.3
Average bank deposit rate.84%1.33%1.08%
IFS
A.2.15.4
Lending rate3.55%4.25%4.73%
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2014End of 2013End of 2012SourcesVar ID
Number of dwelling units:B.1.1
Total31.13 million31.08 million31.03 million
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B.1.1.1
Total Urban24.28 million24.06 million23.83 million
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B.1.1.2
Percentage of vacant units Not availableNot available
 
B.1.2
Characteristics of housing stock:B.1.3
Average dwelling unit size-existing74.95 sq.mt75.01 sq.mt71.17 sq.mt
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B.1.3.1
% of substandard dwelling units28.25% of total29.55% of total30.85% of total
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B.1.3.2
Tenure in urban areas (%):B.1.4
Owner-occupied units61.04% of total58.56% of total56.08% of total
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B.1.4.1
% of owner units with a mortgage10.62% of total8.78% of total6.93% of total
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B.1.4.2
Private rental units13.07% of total17.08% of total21.08% of total
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B.1.4.3
Public / social rental units Non-applicableNon-applicable
INEGI
B.1.4.4
Other forms of tenure 15.27% of total15.91% of total15.91% of total
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B.1.4.5
% of urban units with state recognized lienable title73.87% of total74.82% of total74.82% of total
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B.1.4.6
Estimated Number of units completed/yearB.1.5
Formal sector/registered305,966 units304,971 units341,280 units
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B.1.5.1
Informal sector/non-registered Not availableNot available
 
B.1.5.2
Number of recorded urban housing transactions/year496695401491427771
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B.1.6
How complete is this measure for formal sector transactions?CompleteCompleteComplete
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B.1.7
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2014End of 2013End of 2012SourcesVar ID
Median urban house price in USD:B.2.1
New housing26,292 USD 26,625 USD 25,445 USD
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B.2.1.1
Existing housing39,729 USD 36,044 USD 33,241 USD
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B.2.1.2
Median house price to median annual HH income:B.2.2
Urban3.133.142.86
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B.2.2.1
Capital city6.285.805.31
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B.2.2.2
Annual average % change in median house prices:B.2.3
Yearly Rate4.4%3.84%4.79%
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B.2.3.1
1997-2007 average rate5.04%5.12%5.3%
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B.2.3.2
M2 construction cost for median quality houseB.2.4
National530.78 USD/sq.mt538.12 USD/sq.mt506.26 USD/sq.mt
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B.2.4.1
Urban665.35 USD/sq.mt534.12 USD/sq.mt501.88 USD/sq.mt
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B.2.4.2
Capital city1,229.95 USD/sq.mt1,060.18 USD/sq.mt947.41 USD/sq.mt
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B.2.4.3


back to top | Country Data:
Notes: 15 years pesos loan; average loan size $2 million.
Notes: close to 100
Notes: Credits cofinanced between Infonavit and other FI
Notes: Credits cofinanced between Infonavit and other FI
Notes: IMF annual average principal exchange rate for 2010 (12.63 pesos = 1 USD)
Notes: Median quarter income times 4 divided by monthly average exchange rate. IMF annual average principal rate for 2007 - 10.95 pesos = 1 USD).
Notes: Most common ARM are indexed on Minimum wages (Infonavit)
Notes: Property registration processes has been improving for the last 6 years but the days haven't reduced.
Notes: 10 year fixed-rate bond.
Notes: 12.6%
Notes: 15 years pesos loan; average loan size $2 million.
Notes: 15 years pesos loan; average loan size $2 million.
Notes: 15 years pesos loan; average loan size $2 million.
Notes: 16.5%
Notes: 20.10%
Notes: 20.60%
Notes: 28 day TTIE
Notes: 28 day TTIE
Notes: 2nd and 3 deciles.
Notes: 4.9%, As percentage of the dwelling value.
Notes: 4.9%, As percentage of the dwelling value.
Notes: 5.2%, As percentage of the dwelling value.
Notes: 5.3%, As percentage of the dwelling value.
Notes: 5.3%, As percentage of the dwelling value.
Notes: 5.40%
Notes: 91-day cetes.
Notes: 91-day Treasury Bills.
Notes: 91-day Treasury Bills.
Notes: According to Infonavit, this is the lowest decile they reach; only 14% of households in this bracket can obtain a loan.
Notes: According to Infonavit, this is the lowest decile they reach; only 14% of households in this bracket can obtain a loan.
Notes: Annual average % change in median house prices. From 2005 to the updating year.
Notes: Annual average % change in median house prices. From 2005 to the updating year.
Notes: Annual average % change in median house prices. From 2005 to the updating year.
Notes: Annual average % change in median house prices. From 2005 to the updating year.
Notes: Annual average % change in median house prices. From 2005 to the updating year.
Notes: Annual average % change in median house prices. From 2005 to the updating year.
Notes: Annual average % change in median house prices. From 2005 to the updating year.
Notes: As in 1.4.1, and also includes borrowed dwellings, Intetstate/ disputed properties and other situations (eg Invaded).
Notes: As in 1.4.2 includes: borrowed dwellings; Intestate properties or in dispute and Other situations (eg Invaded).
Notes: Average dwelling unit size-existing housing.
Notes: Between 1%-5% depending on credit methodology
Notes: close to 100
Notes: close to 100
Notes: close to 100
Notes: CPP.
Notes: Credit Cooperatives offered them, but not currently.
Notes: Credit Cooperatives offered them, but not currently.
Notes: Credit Cooperatives offered them,but not currently.
Notes: Credit Cooperatives offered them,but not currently.
Notes: Credits cofinanced between Infonavit and other FI
Notes: Credits cofinanced between Infonavit and other FI
Notes: Differs by each state.
Notes: Differs by each state.
Notes: Differs by each state.
Notes: Differs by each state.
Notes: Financial institution funded by SHF
Notes: Financial institutions use their own credit scoring methods.
Notes: Financial institutions use their own credit scoring methods.
Notes: For loans on udis, 25 years and average loan of $377,000
Notes: For loans on udis, 25 years and average loan of $377,000
Notes: For the product called “Credimil” the subsidy includes a reward for savings, up to 8 times the minimum general wage.
Notes: For the product called “Credimil” the subsidy includes a reward for savings, up to 8 times the minimum general wage.
Notes: IFS note: "… weighted average yield on ten-year fixed rate government bonds. The yield is weighted by issuance amounts."
Notes: IFS note: "… weighted average yield on ten-year fixed rate government bonds. The yield is weighted by issuance amounts."
Notes: IFS note: "Lending rate indicator: Weighted average of amounts placed on the securities exchange at various terms with the yield curve calculated on commercial paper and stock certificates of qualified companies."
Notes: IFS note: "Lending rate indicator: Weighted average of amounts placed on the securities exchange at various terms with the yield curve calculated on commercial paper and stock certificates of qualified companies."
Notes: IFS note: "Weighted average rate paid to individuals on 60-day time deposits."
Notes: IFS note: "Weighted average rate paid to individuals on 60-day time deposits."
Notes: IMF annual average principal exchange rate for 2007 (10.93 pesos = 1 USD)
Notes: IMF annual average principal exchange rate for 2007 (10.93 pesos = 1 USD)
Notes: IMF annual average principal exchange rate for 2007 (10.93 pesos = 1 USD).
Notes: IMF annual average principal exchange rate for 2007 (10.93 pesos = 1 USD).
Notes: IMF annual average principal exchange rate for 2008 (11.14 pesos = 1 USD)
Notes: IMF annual average principal exchange rate for 2008 (11.14 pesos = 1 USD)
Notes: IMF annual average principal exchange rate for 2008 (11.14 pesos = 1 USD).
Notes: IMF annual average principal exchange rate for 2008 (11.14 pesos = 1 USD).
Notes: IMF annual average principal exchange rate for 2008 (11.14 pesos = 1 USD).
Notes: IMF annual average principal exchange rate for 2009 (10.93 pesos = 1 USD).
Notes: IMF annual average principal exchange rate for 2009 (13.50 pesos = 1 USD)
Notes: IMF annual average principal exchange rate for 2009 (13.50 pesos = 1 USD).
Notes: IMF annual average principal exchange rate for 2009 (13.50 pesos = 1 USD).
Notes: IMF annual average principal exchange rate for 2009 (13.50 pesos = 1 USD).
Notes: IMF annual average principal exchange rate for 2009 (13.50 pesos = 1 USD).
Notes: IMF annual average principal exchange rate for 2009 (13.50 pesos = 1 USD).
Notes: IMF annual average principal exchange rate for 2010 (12.63 pesos = 1 USD)
Notes: IMF annual average principal exchange rate for 2010 (12.63 pesos = 1 USD)
Notes: IMF annual average principal exchange rate for 2010 (12.63 pesos = 1 USD)
Notes: IMF annual average principal exchange rate for 2010 (12.63 pesos = 1 USD).
Notes: IMF annual average principal exchange rate for 2010 (12.63 pesos = 1 USD).
Notes: IMF annual average principal exchange rate for 2011 (12.44 pesos = 1 USD)
Notes: IMF annual average principal exchange rate for 2011 (12.44 pesos = 1 USD)
Notes: IMF annual average principal exchange rate for 2011 (12.44 pesos = 1 USD)
Notes: IMF annual average principal exchange rate for 2011 (12.44 pesos = 1 USD)
Notes: IMF annual average principal exchange rate for 2011 (12.44 pesos = 1 USD).
Notes: IMF annual average principal exchange rate for 2011 (12.44 pesos = 1 USD).
Notes: IMF annual average principal rate for 2007 (10.93 pesos = 1 USD)
Notes: IMF annual average principal rate for 2007 (10.93 pesos = 1 USD)
Notes: IMF annual average principal rate for 2008 (11.14 pesos = 1 USD)
Notes: IMF annual average principal rate for 2008 (11.14 pesos = 1 USD)
Notes: IMF annual average principal rate for 2009 (13.50 pesos = 1 USD)
Notes: IMF annual average principal rate for 2009 (13.50 pesos = 1 USD)
Notes: IMF annual average principal rate for 2010 (12.63 pesos = 1 USD)
Notes: IMF annual average principal rate for 2010 (12.63 pesos = 1 USD)
Notes: IMF annual average principal rate for 2011 (12.44 pesos = 1 USD)
Notes: IMF annual average principal rate for 2011 (12.44 pesos = 1 USD)
Notes: IMF end of period principal exchange rate for December 2007 (10.92 pesos = 1 USD).
Notes: IMF end of period principal exchange rate for December 2008 (13.83 pesos = 1 USD).
Notes: IMF end of period principal exchange rate for December 2009 (13.07 pesos = 1 USD).
Notes: IMF end of period principal exchange rate for December 2010 (12.37 pesos = 1 USD)
Notes: IMF end of period principal exchange rate for December 2011 (13.29 pesos = 1 USD)
Notes: IMF end of period principal exchange rate for December 2011 (13.85 pesos = 1 USD)
Notes: In 2008 they were mostly provided by SHF and only to Sofoles. For infonavit, government is the back up and they have a special program of "helping" people pay their credit in case of default.
Notes: In theory but there is no housing up for sale with a price low enough for this decile to buy.
Notes: Includes Infonavit, Fovissste, Banjercito, commercial banks, Sofoles and Sofomes; excludes cajas.
Notes: Includes Infonavit, Fovissste, Banjercito, commercial banks, Sofoles and Sofomes; excludes cajas.
Notes: Includes: banks, sofoles, sofomes, infonavit and fovissste. IMF annual average principal rate for 2007 (10.93 pesos = 1 USD)
Notes: Includes: banks, sofoles, sofomes, infonavit and fovissste. IMF annual average principal rate for 2008 (11.14 pesos = 1 USD)
Notes: Indexed on minimum wage.
Notes: Infonavit, Fovissste
Notes: Infonavit, Fovissste
Notes: It changes according to the income decile, 59% for the first three, 25% for deciles IV to VII and 15% for the last three.
Notes: It does not have the transactions paid in cash to the previous owner neither does it have the units not paid but transferred in property, summarizing it only counts housing acquisition with a mortgage.
Notes: It does not have the transactions paid in cash to the previous owner niether does it have the units not paid but transfered in property, summarizing it only counts housing acquisition with a mortgage.
Notes: It does not have the transactions paid in cash to the previous owner niether does it have the units not paid but transfered in property, summarizing it only counts housing acquisition with a mortgage.
Notes: It does not have the transactions paid in cash to the previous owner niether does it have the units not paid but transfered in property, summarizing it only counts housing acquisition with a mortgage.
Notes: It does not include the transactions paid in cash to the previous owner neither does it have the units not paid but transferred in property. This measure only counts housing acquisition with a mortgage.
Notes: It includes transactions by federal and regional entities, banks, and other financial institutions.
Notes: It includes transactions by federal and regional entities, banks, and other financial institutions.
Notes: It is not urban but national transactions. It only counts housing acquisitions.
Notes: It is not urban but national transactions. It only counts housing acquisitions.
Notes: It is not urban but national transactions. It only counts housing acquisitions.
Notes: It is not urban but national transactions. It only counts housing acquisitions.
Notes: It is not urban but national transactions. It only counts housing acquisitions.
Notes: It used to be but Credimil is not longer on operation.
Notes: Labor taxes: 58.00%
Notes: Labor taxes: 58.20%.
Notes: Market share using total amount of home mortgage loans in Mexican pesos.
Notes: Median quarter income times 4 divided by monthly average exchange rate. IMF annual average principal rate for 2008 - 11.17 pesos = 1 USD).
Notes: Microcredit and long-term credit lines.
Notes: Microcredit and long-term credit lines.
Notes: Microcredit and long-term credit lines.
Notes: Microcredit and long-term credit lines.
Notes: Most common ARM are indexed on Minimum wages (Infonavit)
Notes: Most common ARM are indexed on Minimum wages (Infonavit)
Notes: Most common ARM are indexed on Minimum wages (Infonavit)
Notes: National income.
Notes: National Percentage.
Notes: National Percentage.
Notes: National Percentage.
Notes: National Percentage. Preliminary data
Notes: National Percentage. The number can be obtained every two years with the Income and Spending National Survey; this one is an estimate for 2009.
Notes: Non-payment guarantee and Mortgage Credit Insurance.
Notes: Non-payment guarantee and Mortgage Credit Insurance.
Notes: Non-payment guarantee and Mortgage Credit Insurance.
Notes: Non-payment guarantee and Mortgage Credit Insurance.
Notes: Only the loans made by banks and sofoles,.
Notes: Only the loans made by banks and sofoles.
Notes: Only the loans made by banks and sofoles.
Notes: Only the ones of banks and Sofoles.
Notes: Overnight rate target.
Notes: People with incomes up to 5 times the minimum general wage; 94% of subsidies linked to credit are used by the 3 or 4 minimum general wage group, 0.22% by by the 2 minimum general wage group.
Notes: People with incomes up to 5 times the minimum general wage; 94% of subsidies linked to credit are used by the 3 or 4 minimum general wage group, 0.22% by the 2 minimum general wage group.
Notes: People with incomes up to 5 times the minimum general wage; 94% of subsidies linked to credit are used by the 3 or 4 minimum general wage group, 0.22% by the 2 minimum general wage group.
Notes: People with incomes up to 5 times the minimum general wage; 94% of subsidies linked to credit are used by the 3 or 4 minimum general wage group, 0.22% by the 2 minimum general wage group.
Notes: Please visit the Research Center or download the full data sets for 2006 data.
Notes: Please visit the Research Center or download the full data sets for 2006 data.
Notes: Please visit the Research Center or download the full data sets for 2006 data.
Notes: Please visit the Research Center or download the full data sets for 2006 data.
Notes: Preliminary data
Notes: preliminary data
Notes: preliminary data
Notes: Preliminary data
Notes: Preliminary data
Notes: Preliminary data
Notes: Preliminary data
Notes: Preliminary data. US Dollars.
Notes: Premium PMT for mortgage insurance.
Notes: Premium PMT for mortgage insurance.
Notes: Property registration processes has been improving for the last 4 years but the days haven't reduced.
Notes: Property registration processes has been improving for the last 4 years but the days haven't reduced.
Notes: Property registration processes has been improving for the last 5 years but the days haven't reduced.
Notes: Provident funds: Infonavit and Fovisste
Notes: Provident funds: Infonavit and Fovisste
Notes: Provident funds: Infonavit and Fovisste
Notes: Provident funds: Infonavit and Fovisste
Notes: Reference rate with a maximum and minimum rate
Notes: Reference rate with a maximum and minimum rate
Notes: Residents in Mexico: 85% of interests over any investment instrument and 4.9% for those living outside Mexico.
Notes: Residents in Mexico: 85% of interests over any investment instrument and 4.9% for those living outside Mexico.
Notes: Residents in Mexico: 85% of interests over any investment instrument and 4.9% for those living outside Mexico.
Notes: Residents in Mexico: 85% of interests over any investment instrument and 4.9% for those living outside Mexico.
Notes: SHF
Notes: SHF Estimate, but there are more without regulation,
Notes: SHF Estimate.
Notes: SHF estimate.
Notes: Sofoles y Sofomes all use MI with SHF in order to reduce the capital requirements; Banks mainly when producing RMBS.
Notes: Sofoles y Sofomes all use MI with SHF in order to reduce the capital requirements; Banks mainly when producing RMBS.
Notes: The number can be obtained every two years with the Income and Spending National Survey, this one is an estimate for 2009.
Notes: The number can be obtained every two years with the Income and Spending National Survey, this one is an estimate for 2009.
Notes: The previous guarantee became Mortgage Insurance.
Notes: The previous guarantee became Mortgage Insurance.
Notes: The previous guarantee became Mortgage Insurance.
Notes: The previous guarantee became Mortgage Insurance.
Notes: The previous guarantee became Mortgage Insurance.
Notes: The previous guarantee became Mortgage Insurance.
Notes: The previous guarantee became Mortgage Insurance.
Notes: The primary auction 10 year fixed rate bond
Notes: The primary auction 10 year fixed rate bond
Notes: There is no public housing in Mexico.
Notes: There is no public housing in Mexico.
Notes: There is no public housing in Mexico.
Notes: There is no public housing in Mexico.
Notes: There is no public housing in Mexico.
Notes: There is no public housing in Mexico.
Notes: There is no public housing in Mexico.
Notes: This is a flat rate.
Notes: This is a flat rate.
Notes: This percent is typical for Sofomes / Sofoles
Notes: This percent is typical for Sofomes / Sofoles
Notes: This percent is typical for Sofomes / Sofoles
Notes: This percent is typical for Sofomes / Sofoles
Notes: Unoccupied of total stock=30.5 mill. National percentage. Only available for census year 2010
Notes: Usually not a fixed amount, but as a % of the loan.
Notes: Usually not a fixed amount, but as a % of the loan.
Notes: Usually not a fixed amount, but as a % of the loan.
Notes: Usually not a fixed amount, but as a % of the loan.
Notes: Various rent free arrangements
Notes: With the exclusion of the interest rate subsidies through Infonavit and Fovissste (bringing the total closer to 80%).
Notes: With the exclusion of the interest rate subsidies through Infonavit and Fovissste (bringing the total closer to 80%).