Are you going to invest in La Condesa? You are not making a mistake! It is one of the most emblematic neighborhoods, with an unparalleled quality of life and a super privileged location in the whole CDMX. Thanks to its architecture, geographic attributes, avenues and parks, La Condesa is a reference of habitability in the city. Find out below how much an apartment in the Condesa will cost in 2024 and make your best investment.
How much will an apartment in the Condesa cost in 2024?
According to the latest analysis by Nolaband taking into account the internal portfolio and other property catalogs such as inmuebles24 and propiedades.com, the average cost of an apartment in Colonia Condesa ranges between $6,500,000 MXN and $6,700,000 MXN with average features such as 2 bedrooms, 1 and 2 bathrooms and 1 parking space.
Prices per square meter in the Condesa may vary depending on the type of age of the property. In new properties you can find a cost per square meter ranging between 80,000 and 90,000 MXN, while in pre-owned properties prices can vary between 55,000 and 65,000 MXN.
Where does Colonia Condesa come from and where is it located?
Currently located in the Cuauhtémoc district, to the west of the CDMX and next to Chapultepec Forest, La Condesa has its origins in colonial times, when the Hacienda Santa María del Arenal occupied the area between Tacubaya and Romita. In 1704, Doña María Magdalena Dávalos de Bracamonte y Orozco, Third Countess of Miravalle, acquired this land, which now comprises the Condesa, Hipódromo Condesa and part of Roma Norte neighborhoods.
The aristocrat, born in 1701, played a crucial role in the development of the area, diligently managing her properties and transforming them into areas of high value, so you will find traces of colonial architecture, combined with modernist currents similar to the European trends of the nineteenth century, and yet you will also find innovative and contemporary projects that combine the best of a minimalist and functional style in a strident and multicultural environment.
Learn more about the area!
Roma Norte or Roma Sur: Where to invest in luxury properties 💰
What factors influence the prices of apartments in the Condesa?
- Excellent location in the CDMX: La Condesa enjoys a central location, with easy access to other key areas of Mexico City such as the west and south of the CDMX. La Condesa is adjacent to other neighborhoods with great style, quality of life and added value, such as San Miguel Chapultepec, Hipódromo Condesa, Juárez and Roma Norte.
- Quality of new real estate projects and premium renovations: The area has a mix of modern and historic buildings, which can influence prices depending on the age and condition of the property.
- Amenities: Without a doubt, amenities play a key role in any real estate development, not only in the Condesa; the presence of features such as 24-hour security, common areas, coworking spaces, gyms and parking lots have a positive impact on the value of properties, especially new ones. Tip: In recent years it has registered a capital gain that fluctuates between 5% and 7%, so the best time to buy a property in this neighborhood is now, whether you want it to live in or as an investment.
- Demand and community: Wanting to live in La Condesa is a feeling that goes beyond the inhabitants of CDMX, the qualities of this neighborhood are known internationally, so its high demand for properties to buy or rent, due to its prestige and lifestyle, plays a very relevant role in the cost of apartments. Here you will find communities of people from all over the world, young and old, pet lovers, LGBT+ communities and tourists.
- Quality of life and lifestyle: The neighborhood’s layout allows for bicycle-friendly mobility and its connection to public transportation allows for car-free living. With attractions such as Parque Mexico and Parque España providing green spaces ideal for outdoor activities, the neighborhood’s Art Deco and modern architecture adds a unique charm, while its diverse and cosmopolitan community fosters an inclusive and dynamic environment that radiates the feeling of all its inhabitants.
What do you think about this emblematic neighborhood in the heart of the CDMX? If it appeals to you as much as it does to us, now is the perfect time to invest! Contact us and discover the wide range of properties in La Condesa that fit your investor profile.
