Due to the volatility in the exchange rate, caused by the pandemic of the new Coronavirus, housing prices in Mexico will increase between 5 and 7.5% during 2020, depending on the housing segment, said the Chamber of Development Industry and Housing Promotion (Canadevi). Enrique Méndez Dávalos, president of the organization, explained that this happens despite the fact that a lower demand for housing is being observed.

Also, that the inventories of houses have been reduced and although no new projects have been developed, which has decreased the supply. However, he added that the prices of the industry are going through a shock of supply and demand.

Complete article (Spanish)