How much does an apartment cost in CDMX? That is a question that many Mexicans and foreigners have had in mind during the last few years… and currently, the real estate outlook in Mexico for 2024 and 2025, presents a series of challenges and opportunities for investors and people interested in buying a home .
According to the latest studies conducted by the real estate consulting firm Tinsa and the Mexican Association of Real Estate Fibers (AMEFIBRA), important transformations in the real estate industry are expected in Mexico, due to the change in paradigms in relevant factors for the market such as the lifestyle of Mexican families, as well as the increase in nearshoring and foreign investment by tourists, and even sustainability issues and the implementation of new technologies . Find out more about this topic below and make the best decisions with Nolab.
How much does an apartment in the CDMX cost?
According to this latest analysis conducted by Nolab, the average price of an apartment in the CDMX is 12 million 650 thousand Mexican pesos (750 thousand USD). It is important to mention that this value corresponds to the average of the most desirable areas to live in for Mexicans from all over the country and foreigners, so that in districts and neighborhoods farther away from the areas that we will see below, it is very likely to see a considerable decrease in the average value.
The following values represent the average cost of an apartment in some of the most desirable areas for Mexicans and foreigners to live in Mexico City. This study has been achieved by analyzing and interpreting historical data from Nolab and the real estate supply available in CDMX. Additionally, these values represent a time sample from 2020 through the first quarter of 2024. In addition, it is important to keep in mind that the following values represent the average cost of the value of a mainly luxury apartment, so most of these projects have features such as the highest quality materials, privileged location within the areas, world-class amenities and other more specialized aspects such as technology for livability and sustainability in all projects.
- Colonia Roma: $5,500,000 MXN.
- Condesa: $12,200,000 MXN.
- Cuauhtémoc: $6,500,000 MXN.
- Polanco: $21,800,000 MXN.
- Lomas de Tecamachalco: $14,900,000 MXN.
- Grenada: $8,100,000 MXN.
- Escandón: $5,200,000 MXN.
- Lomas de Chapultepec: $20,000,000 MXN.
- Colonia Del Valle: $6,400,000 MXN.
- Bosques de las Lomas: $25,900,000 MXN.
What factors influence unit prices in each of the zones?
Historically, the center and west of Mexico City have always been considered very attractive destinations to live in thanks to their privileged location; with nearby access roads, proximity to the main financial centers and the affluence of international communities. For example, we previously told you about the history of the history of Colonia Roma as well as the trends that shaped what we know today as the Polanco neighborhood. and why the Condesa neighborhood is today one of the most desirable places to live in the world. .
On the other hand, neighborhoods such as Granada and Escandón have become very popular among real estate developers, investors and residents for similar reasons: privileged location in the city and added value. The growing number of foreigners who see Mexico City as an ideal destination to live and work remotely is undoubtedly a relevant aspect for the increase in prices in purchase and rental transactions in the center and west of the city.
This is why digital transformation is seen as a dominant trend in the Mexican real estate sector, with online platforms and virtual tours that will redefine the customer experience in the process of buying or renting properties.
Bosques de las Lomas, Lomas de Chapultepec and Lomas de Tecamachalco have established themselves as ideal destinations to live or invest in real estate in Mexico City for various reasons. First, these areas offer a unique combination of history, culture and high quality of life, and have been considered prestigious residential areas since the 20th century.
The type of architecture, the urban planning, the diverse community and the safe, family-oriented lifestyle are aspects that attract both local residents and foreign investors. In addition, these three neighborhoods share a strategic location in the west of the city, with access to important roads and services, which contributes to their attractiveness. The offer of luxury real estate projects, with first class amenities, as well as the exclusivity and added value of the area, also influence property prices, making them solid and desirable investments for those seeking to reside in a privileged environment in the Mexican capital.
Finally, the Cuauhtémoc and Del Valle neighborhoods have become very popular with young and old alike as solid destinations for real estate investment and, at the same time, for offering a high quality of life.
In the case of Cuauhtémoc, its privileged location in the center of the city, together with its rich cultural and entertainment offerings, make it one of the most coveted neighborhoods for housing. In addition, its proximity to important points of interest such as the Historic Center and the capital gains it offers make it an attractive option for both residents and investors.
On the other hand, the Del Valle neighborhood stands out for its excellent location in the center-south of the city, its accessibility to major thoroughfares and its varied gastronomic and entertainment offerings . The neighborhood also enjoys a high capital gain, which makes it an attractive option for those looking for a solid investment in real estate. In summary, the combination of strategic location, quality services and capital appreciation make Cuauhtémoc and Del Valle very attractive destinations to live and invest in Mexico City.
Which area of the CDMX do you prefer? Maybe one of the more familiar and high value neighborhoods such as Polanco, Bosques de las Lomas or Lomas de Chapultepec? Or perhaps one of the most dynamic, attractive neighborhoods with the potential to generate great returns with a residential purchase, such as Condesa, Roma or Cuauhtémoc? Undoubtedly, either option is ideal for those seeking a high standard of living, while protecting their wealth against inflation. Remember that in Nolab we have the most exclusive selection of properties in these areas of the city. Contact us and receive all the information about luxury apartments for sale instantly.
