Thinking of buying an apartment in one of the most sought-after areas to live in Mexico? The Roma neighborhood is located in the center of the incredible CDMX, and in recent decades has become one of the most sought after areas to invest in luxury properties. With their rich history, extensive culture and unique architecture, both Roma Norte and Roma Sur offer unique opportunities for those seeking a sophisticated lifestyle in the heart of the Mexican capital. Find out below some of the main qualities of Roma Norte versus Roma Sur and discover if investing in an apartment in the Roma neighborhood is a great option for your assets.
Where does Colonia Roma come from?
Colonia Roma has its roots in the 20th century, when it was conceived as a neighborhood for Mexico City’s upper class. Founded on land known as the Potreros de la Romita, the neighborhood was the result of the vision of businessman Edward Walter Orrin, who, after the success of his circus, decided to dedicate himself to real estate development.
In the beginning, what is today the northern part of Colonia Roma was developed, thanks to the financing of some of the most financially wealthy families in Mexico at the time, so in this area you will find incredible mansions from Av. Chapultepec and up to Av. Álvaro Obregón (formerly known as Jalisco Avenue).
Years later, what we know today as Roma Sur was developed , an area of this neighborhood designed mainly for city dwellers with the ability to access credit at the time and improve their quality of life thanks to paved streets, street lighting and a better urban infrastructure, qualities very prominent for the first half of the twentieth century.
Did you know that the nomenclature of the streets in Rome is a tribute to the cities visited by Edward Walter Orrin’s circus? In general terms, Colonia Roma was designed with wide boulevards, colonial architecture and with the vision of making the Mexican capital a city on a par with the world’s leading cities such as Paris, New York and London.
Technical and economic characteristics of Colonia Roma to be taken into account:
- Roma Norte:
- Population: There are about 27,700 people in 10,800 houses, with a population density of 1,217 inhabitants per square kilometer.
- Economy: It has an estimated economic output of MXN $35,000 million annually, with a wide range of commercial establishments and a high level of business activity.
- Business and employment: There are some 5,200 commercial establishments in operation, with the presence of large international companies and high-end businesses.
- Roma Sur:
- Population: There are approximately 17,000 people living in 6,570 housing units, with a population density of 1,435 inhabitants per square kilometer.
- Economy: It has an estimated economic output of MXN $49 billion annually, with a strong presence in the health sector and a diversified economy.
- Business and employment: There are some 3,700 commercial establishments in operation, with a significant presence of companies such as Hospitales Ángeles.
The division between North and South Rome is not only a matter of geography, but also of social dynamics, infrastructure and lifestyle. Although they share elements that make them part of the same colony, each area has its own distinctive character.
Characteristics most valued by the inhabitants of the area:
- Roma Norte:
- Atmosphere and culture: Roma Norte is distinguished by its bohemian and cosmopolitan atmosphere. It is known for hosting a wide variety of cafes, restaurants, art galleries and designer boutiques. Cultural life bustles around every corner, with art events, exhibitions and concerts attracting residents and visitors alike.
- Infrastructure and Services: The infrastructure in Roma Norte is modern and well developed, with tree-lined streets, parks in excellent condition for walking or exercising, plazas and a wide range of services such as hospitals, schools and shopping centers. Connectivity is excellent, with access to public transportation and main roads that facilitate mobility in and out of the neighborhood.
- Demographic profile: This area attracts a diverse and cosmopolitan population, including artists, creative professionals, expatriates and young professionals. Diversity is reflected in the community, creating a world-class multicultural environment.
- Roma Sur:
- Atmosphere and lifestyle: In contrast to Roma Norte, Roma Sur has a more relaxed and family-oriented atmosphere. The tree-lined streets and quiet squares invite you to stroll and enjoy the surroundings. However, in recent years, the cultural and gastronomic offer of this area has become much more on par with the Roma Norte, so you can also find ideal restaurants and entertainment venues.
- Infrastructure and services: While the infrastructure in Rome South is solid, it may be more limited compared to Rome North. However, the neighborhood has a good supply of basic services, including schools, health centers and entertainment options. The tranquility and safety of the neighborhood are aspects valued by its residents.
- Demographic profile: Roma Sur attracts a more established and stable population, including families, seniors and professionals seeking a more leisurely and quiet lifestyle. We could say that the local community is strong, with a network of neighbors committed to the well-being and preservation of the environment.
Why should you consider buying an apartment in Colonia Roma?
Throughout this article, you have discovered a fascinating part of the history surrounding Colonia Roma, and how this has contributed to making it such a desirable destination for locals and foreigners alike. Undoubtedly, both Roma Norte and Roma Sur offer unique opportunities for buyers looking to experience an unparalleled lifestyle while making a secure investment with great returns.
Roma Norte attracts a cosmopolitan population and offers a dynamic and diverse environment, while Roma Sur offers a quieter, more family-oriented atmosphere. Currently, demand for luxury properties in both areas remains strong, making them attractive and safe options for those seeking long-term, profitable real estate investments.
Investing in an apartment in the Roma Norte or Roma Sur area of Mexico City is a decision that offers multiple advantages and opportunities for investors. Here are just a few key reasons why this area is an excellent choice for investment property:
- Constantly increasing capital gains: The Roma neighborhood, both in its northern and southern sectors, has experienced a constant growth in the capital gains of its properties over the years, ranging from 20 to 30% per year in some of its most sought-after streets to live in. This is due to several factors, such as location, the growing demand for housing in the area and the ongoing development of urban improvement projects. As a result, investing in an apartment here has the potential to generate significant long-term gains as the value of the property increases.
- Incredible location in the city: Colonia Roma is strategically located in the heart of Mexico City, which makes it a highly attractive area to live and work. Its proximity to important communication routes such as Av. Paseo de la Reforma, Anillo Periférico, Viaducto Miguel Alemán, Av. Insurgentes, among others, and its proximity to major shopping centers such as Palacio de Hierro, and the great offer of parks, restaurants, cultural centers and recreational areas, guarantees an excellent quality of life for residents and increases the attractiveness for potential tenants or property buyers.
- Quality infrastructure and services: Both areas of Colonia Roma have a well-developed urban infrastructure and a wide range of services available to residents. From renowned educational centers to hospitals, supermarkets, stores, restaurants and entertainment options, everything is within easy reach in or around the neighborhood. This solid infrastructure contributes to making Roma Norte and Roma Sur ideal locations for real estate investment.
- Diversity of real estate options: Whether you are looking to invest in a luxury apartment in a modern building or a property with historic charm in a traditional building, you will find a wide variety of options to buy in both areas of Colonia Roma. This diversity allows investors to tailor their investment strategy according to their specific preferences and objectives.
- Strong rental demand: The growing popularity of Colonia Roma as a residential destination has generated strong rental demand in the area. This is due to its attractive lifestyle, cosmopolitan atmosphere, quality services and easy access to other parts of the city. As a result, investing in an apartment for rent can generate stable and consistent income through long-term leasing.
Remember that Nolab has the most select catalog of properties to invest in the Col. Roma, from 1-bedroom loft-style options to incredible projects of more than 270 m2, 3 bedrooms, roof garden, amenities and more . Contact an advisor today and find out more about what this incredible neighborhood has to offer.
