The development of the Mexican low- and middle-income housing market since the economic crisis of 1994
Author: Michael A. Braun
Publisher: GRIN Verlag
Published: 2009-03-01
Total Pages: 99
ISBN-13: 3640278089
DOWNLOAD EBOOKMaster's Thesis from the year 2007 in the subject Politics - Region: Middle and South America, grade: 2,6, Free University of Berlin (Latin America Institute / Department for International Politics ), course: International Relations, language: English, abstract: 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.
