The most attractive cities in Mexico to invest in real estate

Economy by definition is the “social science that studies the means to satisfy unlimited human needs from the scarce resources available”. From the financial point of view, a person is equal to a company. Every individual has different assets (home, car, clothing, cell phone, computer) and has liabilities (bank loans, credit cards or some mortgage) and like any person, most of us want to add to our economy and have many more assets than liabilities.

One way to add these assets are investments. According to the Ministry of Economy, the most reliable investments are real estate because they generate a tangible valuation and yields of up to 30% of profit in the first year of acquisition due to its stability.

In the last ten years, Mexico has become one of the points of attention for investors of international renown and especially at the beginning of a new administration, and with the entry of new structural reforms the outlook becomes positive for the Mexican Stock Exchange of Securities and the World Bank. Mexico occupies the second position in the economy of Latin America and the fifteenth place in the world.

The Mexican Republic and its 125 million inhabitants are a potential volume of consumers for the different mortgage segments : residential, luxury developments, hotels, vacation homes and offices. As these segments grow in different cities, the search for these makes it possible to give an overview in five cities that are suitable to invest, either as a first heritage or as a second income investment.

According to Lamudi.com.mx, there are some cities in the country that are distinguished not only for achieving their internal market and low inflation; but because of its high supply and demand , as well as its profitable price of land. In addition, they have a better quality of life and industrial growth that has allowed economic development .

These cities are:

San Luis Potosí, San Luis Potosí

This state ranks second in the country below Baja California Sur , because its industrial activity has grown by 17% in the last ten years, generating more than 63 thousand formal jobs. The results presented by the National Institute of Statistics and Geography (INEGI) in 2017, base that this growth is due to the economic activity of the tourism industry , but above all to manufacturing, construction and mining.

San Luis Potosi

Tulum, Quintana Roo

Tourist is considered the state with the best beaches in the country , has an annual occupation of 17 million visitors. The development of this city is going fast, the value of the property in this area of ​​the country, has had an increase of 8% per year since 2015. Thus becoming a real magnet for exclusive investors of the Residential Plus sector , who find a business possibility when leasing them to the national and foreign tourism that visits the area year after year, since with the income that is generated in this city ​​due to tourism and vacation rentals, you can have a profit of 28 thousand pesos per month according to the Report of the Residential Real Estate Market of Quintana Roo.


Tulum

Merida Yucatan

Considered by the United Nations (UN) as one of the cities with the best quality of life due to the high security indexes, the facilities to invest and the increasing surplus value that allows the creation of new jobs on average 1.5% per year , these factors make this city the best option for investment in Residential Premium housing . It is the cheapest city to invest in a property since the price per square meter was in 2018 50% lower compared to Mexico City according to the Mexican Association of Real Estate Professionals(AMPI). The constant growth of tourism in the Yucatan and the proximity to the Riviera Maya, as well as the proximity to the main export ports, make this area of ​​the south of the country even more attractive.

Merida

Tijuana Baja California

This border city is consolidating strongly as one of the most important for real estate investment , according to the AMPI is among the 10 cities with the largest supply of real estate nationwide. The promising future that the real estate industry has in this city is the result of a combination of factors that make it extremely attractive for developers. Having closeness to the United States, Tijuana concentrates almost 50% of the population of Baja California and it is predicted that by 2020, the inhabitants of this border city will amount to 1.8 million people. Given this scenario, the city has seen the need to build more real estate developments that cover the demands of the population, particularly through vertical developments in key points of the city.

Xalapa, Veracruz

During the past six years, Veracruz was consolidated as the second state with the greatest investment in infrastructure, since in six years, 70 million pesos were invested in this area of ​​the country. Xalapa is an excellent option in terms of middle and residential housing, since it is one of the fastest growing cities in the state. There are many opportunities for new businesses , because it still has undeveloped areas which will allow the commercial development, entertainment and culture of the area. To conclude, when investing in real estateEven in times of crisis and economic instability, most of the time it is profitable. The capital value of the acquisition will hardly decrease confirming that investing in assets will always be an excellent option.

Xalapa

By Lamudi

This is an article in the 112 edition http://inmobiliare.com/inmobiliare-112/

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