The total balance of the Infonavit mortgage portfolio reached 2.9 trillion pesos during the first half of 2021, which represents an annual increase of 1%.

According to the 2021 Annual Housing Report of the Institute of the National Housing Fund for Workers Infonavit, during the first semester of the year an annual growth of 11.1% was observed in the placement of credit by the Institute; while commercial banking reported an increase of 46.2 percent.

The foregoing is explained by the actions implemented to stimulate the placement of credit.

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That is, the postponement of the start of payment for up to four months and the maintenance of the prequalification of the beneficiaries who already had the points to request financing.

In addition to the new offer of credit schemes derived from the recent amendment to the Infonavit Law.

According to Infonavit, the production of housing registered in the Unique Housing Registry (RUV) also showed signs of improvement.

Of interest: With 113,650 homes financed BIM celebrates its eighth anniversary

During 1H 2021, the construction of 11,300 more homes was reported compared to the same period of the previous year. In addition, in 2Q 2021, 217 thousand 400 homes reported work progress compared to the previous quarter; which represents 46.3% of the records.

Although formal housing production has not yet fully recovered, the recent behavior of the labor market is a positive indicator, the Institute noted.

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