Financiación inmobiliaria en México

Abstract

Building works have traditionally been financed through bank loans of different terms, issuance of certificates on the debt market and placement of shares in the capital market, the intention of each mechanism is to reduce the project financial costs. In 2004, real estate investment trusts (REIT) were introduced in Mexico, similar to REIT in the United States, but it was until 2011 that they became more efficient and cheaper investment vehicles for the market real estate. This work analyses the main characteristics and developments in the Mexican real estate market of this investment instrument, presenting in the final part its advantages compared to the use of bank credit to finance the construction an office building.