Business · Economy · 2 hrs ago
Quintana Roo mortgage arrears rise as bank lending falls
Quintana Roo’s bank mortgage market is facing a sharper downturn than the national market in Mexico.
From January through August 2026, banks issued 2,671 housing loans in the state, worth 6.593 billion pesos, down 7% by value from the same period a year earlier.
Overdue loans reached 5.45%, compared with 3.20% nationwide.
In Tulum, excess housing supply after years of rapid growth led lenders to cut construction and individual mortgage credit, slowing building and home sales.
Infonavit’s lending moved in the opposite direction, issuing 12,269 loans worth 9.176 billion pesos, up 26.9% in the same period.
This points to more demand for social housing and a narrower market for bank mortgages, in a state where construction and tourism-related property investment are important.
Banks are maintaining cautious lending standards, while unsold homes from the earlier building boom remain on the market.
Quintana Roo’s bank mortgage arrears rate reached 5.45%, above the national rate of 3.20%.
The state recorded 2,671 bank mortgages worth 6.593 billion pesos from January to August 2026.
The value of bank mortgage lending in the state fell 7% from the same period a year earlier.
Excess housing supply in Tulum contributed to cuts in construction and individual mortgage lending.
Infonavit issued 12,269 loans worth 9.176 billion pesos in the same period, a 26.9% increase.
- Who
- Banks and home borrowers in Quintana Roo. Infonavit also issued loans in the state.
- What
- Bank mortgage arrears rose while bank lending fell. Infonavit lending grew.
- When
- January to August 2026. The article was published on November 6, 2026.
- Where
- Quintana Roo, Mexico, including Tulum.
- Why
- Excess housing supply in Tulum led to cuts in construction and mortgage lending. Banks also maintained cautious lending standards.
This story does not have two clearly opposing sides.
Housing oversupply began to build in Quintana Roo, according to the article.
Quintana Roo recorded 2,671 bank mortgages worth 6.593 billion pesos and 12,269 Infonavit loans worth 9.176 billion pesos.
El Economista MX reported the rise in mortgage arrears and fall in bank lending.
- Quintana Roo mortgage arrears
- 5.45%
- National mortgage arrears
- 3.20%
- Bank mortgages in Quintana Roo, January–August 2026
- 2,671 loans worth 6.593 billion pesos
- Change in bank lending value
- Down 7% from the same period in 2025
- Infonavit loans in Quintana Roo, January–August 2026
- 12,269 loans worth 9.176 billion pesos
- Infonavit lending growth
- 26.9%