The housing market is shifting green even in Mexico and one of the country's largest developers has introduced a new scheme to build more ecological housing and cities. Geo, which builds more than 50,000 houses in Mexico a year, many of them small and low-cost for first-time buyers, says that features like more gardens and energy efficient technology will improve the quality of life of residents in its communities.
Part of the plan is to offer green mortgages that would provide home buyers with financial incentives to build green.
"We now have houses with solar panels, passive solar water heaters and we plan to increase the number of developments with them," said Eduardo Muñiz Urquiza, Geo's director of investor relations. ::Via Milenio