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Leasing with the option to buy a home was not a good option: AMPI – El Sol de San Luis

Although the figure of leasing with an option to purchase exists, it has not even been an option for people to buy a house, since the amount between the rent and the monthly payment of a mortgage is different, explained Luis Alberto Alvarado Moreno, president of the Mexican Association of Real Estate Professionals (AMPI).

In recent years, those involved in the real estate sector have reported a shortage of affordable housing and, therefore, a decrease in the purchase of properties, since, for example, the majority of workers entitled to Infonavit credit have the lowest amount and that’s not enough for homes that are on the market.

In this regard, Alvarado Moreno explained that the figure of leasing with a purchase option has existed for years, where an agreement is generated from the beginning of the contract, where it is established that if at a given moment the house is put up for sale, the lessee You will be the first person authorized to purchase it.

In this type of contract the duration of the lease and a fixed amount must be established, it can also be established if, in the event that the tenant decides to buy the house, what he has paid will be taken into consideration as rent.

However, he indicated that this has also not made it easier for people to buy a house, as mortgage costs are higher than income, for example a million peso house has an income of 5% of the value, i.e. 5,000 o 6,000 pesos a month, but if a house worth a million pesos is bought on credit, the mortgage is 10,000 pesos a month, “then most cannot buy the house they rent because the monthly payment would be higher than their own income”.

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