Positive fundamentals in the Mexico macroeconomic environment, coupled with favorable supply and demand balance, have created tremendous opportunities in the residential housing market. Demographic trends, featuring a young and increasingly middle class population, have further propelled growth in the housing market.

Growth in the housing market has been stimulated by increasingly sophisticated Mexican capital markets, including:

• Well capitalized financial system
• Investment grade sovereign debt
• Low inflation
• Liquid commercial backed mortgage securities market
• Rapidly growing residential mortgage market
• Growing pension fund system seeking institutional real estate platforms
• Solid central banking system