Yew’s CEO explains that Mexico has a great opportunity to provide accommodation for foreigners to spend their holidays and relax
during his participation in Urban Center Home, Bernardo Silva, Yave CEO and Co-Founder Explains Mexico Has a Great Opportunity provide holiday homes to foreignersThis way Your company has decided to start serving this new market.
“With the pandemic prompting digital nomads to start looking for other housing opportunities, we decided to attack this niche,” he commented.
In this sense, he declares that the section decides to come to Mexico because they like the country, which is what they want. Buy a home for vacation or leisure. that’s how they find accommodation in beach areasespecially in closest to the border,
“It is a problem for these people to acquire homes, as there is a rule in Mexico that obliges the interested party to purchase through a trust. This brings operational and financing challenges. After hard work, we managed to obtain financing to be able to offer that type of credit”, explained Bernardo Silva.
With this line, Silva assured Yves is ready, since they know the type of credit bureau and proof of income that is issued in the United States. because The company has already provided credit for foreigners, However, these were specifically for people who came to mexico to work,
“Foreigners who already live in Mexico and have jobs in the country are already served by banks and us. Most of this housing is located in Mexico City or San Miguel de Allende,” said Bernardo Silva. declared.
Yave gonna try to reach the semi-informal section
On the other hand, the CEO of Yves emphasized that work to strengthen credit opportunity and attack the most under-served segments of the Mexican population, such as semi-informal economy,
“Currently there are many untapped niches, banks generally focus on the largest segments. In the coming years, we want to participate in the semi-informal economy, as BBVA does, because this segment of the population is lagging behind “, explained Bernardo Silva.
On the line, he commented that pGetting a Credit Appraisal Can Be Difficult For people with a mixed economy, this is why they have been working for years to find a solution.
“Again, this market is huge, it’s tough enough. I think it’s enough work for the next few years”, he concluded.
Significantly, Yves is First proptech to offer 100% digital mortgages in Mexico, recently raised capital Which will be used to improve the platform and customer service processes.