Housing sale prices in Mexico City spike up to 10% in 2022
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- 06 Feb 2023
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During 2022, housing sales prices in Mexico City surged between 9% and 10% compared to the previous year, the real estate online site Propiedades.com reported.
The firm’s real estate analyst Leonardo González said that 2022 was marked by uncertainty due to the high interest rates that in turn led to high mortgage costs.
The average price per square meter in the capital for buyers was 31,914 pesos for a house (US $1,652) and 46,033 pesos (US $2,383) for apartments — a jump in prices that was expected by Propiedades.com but nevertheless slowed down property purchases by Mexico City’s residents.
The neighborhoods with the greater demand during 2022 were Roma Norte and Roma Sur, both of which have gained notoriety in Mexico and in the world media as a place where older properties are being bought up by developers with deep pockets to convert into rental property for digital nomads and other foreign temporary renters. Read More…
