Capital gains in Mexico City increased by only 6%
In the first quarter, Baja California Sur and Quintana Roo were the states with the greatest increase in real estate capital gains, with 15.7% and 13.4%, respectively, according to the real estate consulting firm 4S Real Estate.
While the capital gain in Mexico City increased only 6%.
At the national level, an increase in housing values of 9.7% was recorded in the first quarter, with an average housing price of 1.7 million pesos.
“Those who bought a property in 2020 or 2021 in Los Cabos, Tulum, or Playa del Carmen were very successful because they are the places that are showing the greatest dynamism in prices. And this has no hidden secret: it is due to demand because where demand increases, prices also increase,” commented Marisol Becerra, Mexico-Central regional partner of the real estate consulting firm 4S Real Estate.
Other states, such as Sonora, Baja California, and Nayarit, were among the five with the highest capital gains, presenting increases of 13%, 12.5% and 12%, respectively.
Among the states with capital gains above 11%, Nuevo León stands out with 12%, Querétaro 11.6% and Chiapas 11.3%.
The Mexican states with a more moderate growth are Tlaxcala, with 4%; Zacatecas, with 5.6%; Michoacán, with 6%; as well as the State of Mexico and Guerrero, with an increase of 8%.
Becerra added that, in terms of housing sales behavior, with figures as of May, Nuevo León, Jalisco, and the State of Mexico lead the marketing, as more than 4 thousand homes are sold per month, both new and used. These three entities represent almost 30% of home sales in the country.
They are followed by Guanajuato, Chihuahua, and Mexico City, with 5% of home sales.
“If only the demographic part is taken into account, it could be said that the Mexico City market is more appetizing because it is the most robust and where there is the greatest demand, however, it is not necessarily where the most sales are being made today,” he explained. Becerra, by participating in the Real Estate Climate section of the Real Estate Investments program.
Source: El Universal
