In the first semester of 2021, of the total credits of the Institute of the National Housing Fund for Workers (Infonavit) 42%, were granted to young people between 25 and 35 years old, known as millennials.

This amount is equivalent to 72 thousand 321 credits, which represents an increase of 11.3% compared to the same period in 2020.

In the first five months of 2021, Infonavit concentrated 54% of the total participation in the mortgage market for an accumulated amount of more than 1,558.7 million pesos (mp) in mortgages, followed by banks and Fovissste, with a stake of 36 and 10%, respectively.

Check here: Historical placement of mortgage loans from Scotiabank

At the end of last June, the placement totaled 170,390 mortgage loans, when the goal as of June was 140,640 loans, obtaining a variation percentage with respect to the goal of 21%. The annual goal for 2021 is 351,653 mortgage loans.

From June 2020 to date, the confidence of buyers has recovered to resume plans to buy a home, an option for millennials is the Unamos Credits program of Infonavit, which from January to July 2021 financed 29 thousand 618 loans for 9 thousand 188 million pesos, 75% of the total placed in 2020.

Specialists consider the policies of the banks are becoming more flexible to serve this segment, there is an option in which they can pool income with siblings, with friends, with your roommate or same-sex couples, you add the payment capacity of both and you can access higher quality housing.

Of interest: Infonavit seeks to link homes with cities

The lowering of interest rates has allowed several credit restructurings with a positive impact for the client, in the case of Infonavit.

Infonavit pointed out that if you compare the first half of last year with that of 2021, the preference to pay with credit rose 19 percentage points in the case of affordable housing, 4 percentage points in residential housing and one percentage point in average housing.

In Solili you can locate apartments for sale below 2 million pesos in Mexico City

Original note