Pursuits
Investors Chase 14% Yield in Mexican Housing Recovery: Mortgages
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To Adrian Parra, the 436,375 peso ($30,000) mortgage he got in Mexico in 2008 is a burden he can’t shake. He says inflation-linked increases to the principal have helped push the amount he owes to more than 500,000 pesos after six years of payments.
To investors, mortgages like Parra’s are an opportunity to seize in Mexico’s rebounding housing market.