Whether it’s a house, a car or higher-value appliances, these are purchases that Mexicans are moving away from due to the instability that the country is currently experiencing, since many barely returned to having a stable job and are still unemployed. This situation makes it difficult to want to make expenses that can be postponed for a few months.
Even collecting the available points to get a house, no longer means that you have to buy one, because the monthly discount that is made exceeds family expenses, that is why many Mexicans are stopping buying their homes because of many factors, among them inflation, because the interest on the credits is higher, just as paying for food and services is more expensive every day.
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More expensive houses and objects, fewer purchases among Mexicans
According to information from the National Survey on Consumer Confidence by INEGI, home and car purchases have continued to decline compared to May last year. With only 16 points out of 100, there are few respondents who plan to acquire, build or remodel a home in the next 2 years, it is a lower rate than last year.
A pessimistic outlook is reflected when the indices are below 50 points, on the contrary, when they are above this figure it is an optimistic scenario. And although in recent years you have remained below, that they continue to fall worries the experts.
And these pessimistic scenarios range from buying a house, as well as buying a car, whether used or new. Mexicans do not think about making large expenses in times of crisis, with inflation even affecting the purchase of the basic basket, it is out of the budget of many to think of something bigger and that is not of first necessity.
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