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Article: Interest rate hikes will not affect housing sector, say experts.

Article from:
Internet Securities
Article date:
September 27, 2004
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MEXICO CITY, Sep 27, 2004 (El Universal/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The expected interest rate increase will be temporary and will not slow down the dynamism of housing developers in Mexico, said analysts.

In the midst of economic difficulties related to the high unemployment rate and the depression seen in the majority of industrial sectors, the housing sector is an oasis of investments, explained the experts. They added that the recent purchase of Hipotecaria Nacional (Hipnal) by BBVA-Bancomer will help improve the market's expectations even more.

Carlos Gonzalez, an analyst of IXE Grupo Financiero, said that interest rates could begin ...

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