The development of the Mexican low- and middle-income housing market since the economic crisis of 1994 (ePub)

A devaluation of the Peso in 1994 threw Mexico into economic turmoil, triggering
the worst recession for over half a century. Since then the nation made an impressive
recovery on many scenes ranging from economics to society. Also the housing
market has improved dramatically for various reasons such as significant policy
changes. Only the general, systematic housing shortage, the under-supply of
mortgages and the under-capitalization of developers still hindered further growth.
This was yet addressed by the Fox government introducing new approaches and
special agencies to keep social stability and enhance further economic growth.
Therefore the thesis points on the rather recent developments of the Mexican
housing market including the question how it became the way it is. Furthermore,
the political and economic motivations and influence of both, public and private
local and foreign actors to the market, without which neither it would not have
grown that much, nor will grow as projected, are highlighted. Moreover, potential
obstacles to further market growth and increased stability such as an ongoing lack
of capital are named, and promoted along with ideas beyond like environmentally
friendlier approaches that are in the long-term favor of the Mexican society.