Workers’ Housing Construction on The Rise

 Workers’ Housing Construction on The Rise

The National institute of statistics revealed that Southern Baja is the state with the largest number of new homes built for workers and business people. During the past 10 years, 21.1 percent of the population built or acquired a new home, more than Quintana Roo (16.5%) and Mexico City (3.4%). There are 30,000 federal credits available through Mexico’s housing fund (Infonavit) but people are not using them due to the high cost of new homes and the Infonavit’s high interest rates, 10.45 percent.