Small towns, far from the big cities, and regions immersed in the main tourist destinations of the country were where the value of homes increased more compared to the rest of other regions in Mexico and which coincided with greater dynamics property, according to official data.
Based on data from the Federal Mortgage Society (SHF), from January to September the House Price Index In Mexico, this organization registered an increase of 7.6% compared to the same period in 2020.
In this context, this indicator was above the national average (7.6%) in 47 municipalities of the country, and the top 10 cities where there was a greater rating:
Los Cabos, Baja California Sur, with an increase of 12%; Benito Juárez, Quintana Roo with a rating of 12%; Solidaridad, Quintana Roo where the increase was 11.8%; La Paz Baja California Sur (11.6%); Banderas Bay Nayarit (11.2%); Tepic, Nayarit (10.8%) Mazatlan, Sinaloa (10.5%); City of Carmen, Campeche (10.1%); Tijuana, Baja California (10.3%) and Ciudad Juárez, Chihuahua (10.3).
For specialists, these figures may indicate that this is a good time to make a real estate investment in them, given the appreciation they have had.
“Properties have, in addition to their use value where people live and enjoy it, a heritage component due to capital gains what they generate ”, explains Juan Kasuga, director of mortgage broker Creditaria.
For Kasuga, although each state and region of the country has its own real estate dynamics given the current context, it is best to make an investment in this type of asset at this time as there are favorable conditions like credit rates. mortgage and prices in some areas of the country.
“Each state has different dynamics and the market property in its various facets, it offers great opportunities. If they have the opportunity to invest in a good property, it’s a good time to do that, because the rates (of mortgage loans) are still low, ”Kasuga said.
Characteristics of the markets
For the director of Creditaria, the price increase where there has been a greater appreciation for the same in recent months coincides with the behavior of the question property.
“Broadly speaking, the winning destinations (in recent months) were beach destinations and small towns near large cities, while the losers were large cities,” said the specialist.
For the Lamudi real estate portal, the trend in house prices in some of these cities may continue to rise, in line with the rise in the cost of construction materials.
“These areas thought they were low capital gains (except Los Cabos), but they are very important cities for the attractions, Trade The construction. The pandemic has caused many people outside the borders of the big cities to look for new destinations that, thanks to remote work, would take them away from how expensive it is to live in big cities “, was Lamudi’s position when asked about it. .
For Mauricio Rovirosa, Chief Operating Officer of Grupo Luximia and Shark Tower, a premium housing developer in Quintana Roo, the opportunities to invest in property in tourist states they have become attractive.
“The sector property It is affected by the pandemic, but the high level of housing plus is a segment that has a significant increase in Cancun, because we know there are opportunities within the crisis, so those who have the resource, they know it takes months to make the investment, ”Rovirosa pointed out.
According to the director of Grupo Luximia and Shark Tower, there are developers who are building a lot of housing in the southeast of the country due to the high availability of land and because demand in that region has been boosted by the pandemic conditions.
“Here are possibilities, there are many developers, not just Quintana Roo and not just Yucatan, but other regions where there are large territorial expansions … There is supply, new developments, there is a vertical growth policy, among other conditions , “Rovirosa pointed out.