House prices rise 5.4% during the last quarter of 2020
Real Estate Market & Lifestyle/ Solili | February 16, 2021 |

As of the fourth quarter of 2020, the Housing Price Index prepared by the Federal Mortgage Society (SHF), presented an appreciation of 5.4% at the national level compared to 2019; Regarding the accumulated annual of 2020, the SHF Index appreciated 5.8% in the national sphere compared to 2019.

Due to the contingency due to COVID-19, the number of mortgage transactions decreased (-) 4.7% in 2020 when compared to 2019, despite the boost to 3Q20 when mortgages increased 5.4% when compared to the previous quarter.

The SHF Index of new housing increased 5.9%, while that corresponding to used housing 5.7% in 2020.

The proportion of the market that corresponds to used housing is 56.5% higher than that of new housing, 43.5%. The SHF Index for single houses grew 6% and that of houses in condominiums and apartments (considered together) appreciated 5.6%. The SHF Index for social-economic housing increased 6.2%, and the SHF Index for average housing - residential 5.6% in 2020.
The Index showed that in the Valley of Mexico, there was an increase of 2.7%, guided by the increase in the prices of economy class homes.

Check here the behavior of the residential real estate market in Mexico City, according to the analysis of the Solili platform.

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