Fifth Mexican Housing Day
MEXICO CITY, Feb. 7 /PRNewswire/ -- At the invitation of JP Morgan, representatives from Mexico's real estate industry, both public and private, will participate in the Fifth Mexican Housing Day to convey to investors their confidence that Mexico's mortgage and housing markets are not at risk as a result of the U.S. mortgage crisis.
On Friday, February 8, in New York, and on Monday, February 11, in London, Carlos Gutierrez Ruiz, Director General of the National Housing Commission (CONAVI), will head the Mexican delegation that will explain the housing policy of the President Felipe Calderon government, as well as challenges and prospects facing Mexico's housing sector.
Hosted by Mexico's leading housing developers, the gathering seeks to generate confidence in the international financial sector to attract investment and consolidate Mexico's housing sector as an attractive emerging market for major international investors.
In this context, housing has consolidated itself as one of the most dynamic industries in Mexico; more than 90 percent of material used in building a house are of domestic origin. Construction generates five direct jobs and involves 37 branches of the housing industry and the services sector.
In 2007, investment in Mexico's housing industry surpassed US$22.915 billion and this year it will top US$25.66 billion.
The Mexican delegation is made up of Lorenza Martinez Trigueros, head of the Insurance, Pensions and Social Security Unit at the Secretary of the Treasury and Public Credit; Victor Manuel Borras Setien, director of Infonavit; Manuel Perez Cardenas, director of Fovissste; and Javier Gavito, director of SHF.
Also present will be Enrique Castillo, president of the Mexican Banking Association (Asociacion de Bancos de Mexico); Jose Manuel Rivero Andreu, President of the Mexican Mortgage Association (Asociacion Hipotecaria Mexicana); Carlos Lozano, president of the Senate Housing Commission, and Diego Aguilar, President of the Chamber of Deputies Housing Commission.
Comision Nacional de Vivienda (Conavi)