Mexican President Stresses Future Housing Needs
 Presidency of the Republic
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 |  | For my government, housing policy is a strategic priority. The demographic trends in Mexico for the next 25 years show that an average of 650,000 new homes will have to be built each year.
- Felipe Calderón |  | | Mexican President Felipe Calderón, speaking at the Housing Meeting 2007, expressed his pleasure at being able to attend the 21st Housing Meeting, adding that he was happy to be able to meet with colleagues of the National Chamber of the Industry of Development and Housing Promotion, CANADEVI. He added, "For my government, housing policy is a strategic priority. The demographic trends in Mexico for the next 25 years show that an average of 650,000 new homes will have to be built each year."
At this rate of growth, the demand for housing from 2007 to 2012 will be nearly 4 million houses, a figure which, combined with the 2.1 million families that already need independent housing, means an overall demand of 6 million new houses over the next six years. Moreover, the president explained, housing triggers construction, which in turn creates employment and income for more families and individuals.
He added that his government is providing credits to purchase homes of approximately $180,000 pesos [US $16,610], together with non-reimbursable subsidies of $43,000 pesos [US $3,968] that will be given to families of scant resources to complement the mortgages they could obtain from other institutions.
Due to the need to invest in infrastructure, last week the president presented the National Infrastructure Program 2007-2012, which has three main aims. First, to provide equal opportunities for all Mexicans, particularly those who live in isolated and marginalized conditions and have no housing or electricity, and lack plumbing. Second, to construct and expand infrastructure in order to improve the competitiveness of the national economy. And third, to turn Mexico into a highly competitive logistic platform that will make the best use of its geographic and commercial advantages, and thus speed up economic growth and employment.
President Calderón ended by saying that he is convinced of the importance of infrastructure, which needs the participation of the entire population in order to make up for lost time and therefore develop Mexico's cities and regions.
Presidency of the Republic translation |
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Puerto Vallarta Real Estate | July 2007 
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