The overdue portfolio of the National Workers' Housing Fund Institute (Infonavit) grew 9.9% in 2024, reaching 14,890 million pesos, said Luis Roberto Valero Berrospe, president of the Baja California Center for Economic Studies (CEEBC).
He specified that many of the workers have been migrating to informality due to the low salaries offered by the formal sector, losing control of house payments and payroll discounts, with a total of 36,333 overdue loans.
Roberto Valero reported that the average price of housing in 2024 was 1 million 938 thousand 669 pesos, which means that in 10 years its average price has grown 218.10%, which is why the demand for housing has greatly decreased.
In 2024, the lowest housing demand in 13 years was recorded with 30,782 units, representing 4.9% compared to 2023, due to high housing costs and inflation.