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“The local mortgage-backed bond market makes up 42% of Mexico’s capital markets. That is comparable to Europe and the US” Maria Tapia, Standard & Poor’s |
FOR WEALTHY AMERICANS and Europeans, real estate in Mexico conjures up thoughts of stunning Caribbean beach houses and mountain-top retirement haciendas. For millions of working-class and middle-class Mexicans, though, four walls, a roof and a few tasteful furnishings are more than sufficient. However, for years obtaining even a simple home has been hugely difficult because of a lack of financing.
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