Mexico's housing market demonstrates significant regional price variations, with Mexico City emerging as the most expensive area for residential property in 2024. The capital city's average house price of 3.91 million Mexican pesos far exceeds the national average of 1.73 million pesos, highlighting the stark contrast in property values across the country. This disparity reflects broader economic and demographic trends shaping Mexico's real estate landscape. Sustained growth in housing prices The Mexican housing market has experienced substantial growth over the past decade, with home prices more than doubling since 2010. By the third quarter of 2023, the nominal house price index reached 255.54 points, representing a 146 percent increase from the baseline year. Even when adjusted for inflation, the real house price index showed a notable 40 percent growth, underscoring the market's resilience and attractiveness to investors. The mortgage market is dominated by three main player types: Infonavit, Fovissste, and commercial banks including Sofomes. In 2023, Infonavit, a scheme by Mexico's National Housing Fund Institute which provides lending to workers in the formal sector, was responsible for the majority of mortgages granted to individuals. Challenges in mortgage lending Despite the overall growth in housing prices, Mexico's mortgage market has faced challenges in recent years. The number of new mortgage loans granted has declined over the past decade, falling by approximately 200,000 loans between 2008 and 2023. This decrease in lending activity may be attributed to various factors, including economic uncertainties and changing consumer preferences. The state of Mexico, which is home to 13 percent of the country's population, likely plays a significant role in shaping these trends, given its large demographic influence on the national housing market.

In the third quarter of 2023, Mexicans paid on average 1.6 million Mexican pesos to acquire a residential property. Compared to the same period of the previous year, the nominal price increased by nearly 15 percent. Mexico City registered the highest price for this type of property, with an average exceeding three million pesos per residential unit. Housing tenureCompared to renting or borrowing, house ownership is the favored form of housing tenure in Mexico. In 2020, nearly 69 percent of all Mexican households owned their homes, while only 17 percent rented them. Moreover, roughly 87 percent of the owned households in the country were completely paid off, while the remaining households were still in the payment process. Mortgages in MexicoMortgages, or homeownership loans, are debt instruments used by individuals to acquire real estate property, without needing to pay the total cost upfront. Mortgages are universally common and important for Mexico’s residential real estate industry. In 2020, almost 495 thousand mortgage loans were granted in Mexico, which was the lowest amount the country had seen in fifteen years. From the mortgage value granted that year, approximately 50 percent came from private banks.

Residential Property Prices in Mexico increased 9.19 percent in September of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Mexico Residential Property Prices.

Residential real estate prices in Mexico have been on an upward trend for more than a decade. In the third quarter of 2023, the average house price increased by more than 10 percent annually. Accounting for inflation, the increase was slightly lower, at 5.5 percent. Across the different states, Mexico City was the most expensive location to buy a home.

Housing prices in Guadalajara's metropolitan area increased by over 105 percent between 2013 and 2021, going from 7,887 Mexican pesos to 16,185 pesos per square meter in the latter year. During the last 20 years, the population of the Mexican city decreased around 250,000 inhabitants.

Mexico House Prices: YoY: Toluca data was reported at 7.700 % in Mar 2019. This records a decrease from the previous number of 8.600 % for Dec 2018. Mexico House Prices: YoY: Toluca data is updated quarterly, averaging 6.500 % from Mar 2006 (Median) to Mar 2019, with 53 observations. The data reached an all-time high of 9.800 % in Mar 2006 and a record low of 1.300 % in Dec 2009. Mexico House Prices: YoY: Toluca data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB009: House Price Index: 2017=100: Year on Year Growth.

Mexico House Prices: YoY: MD: Soledad de Graciano Sanchez data was reported at 8.300 % in Mar 2019. This records a decrease from the previous number of 8.700 % for Dec 2018. Mexico House Prices: YoY: MD: Soledad de Graciano Sanchez data is updated quarterly, averaging 5.900 % from Mar 2006 (Median) to Mar 2019, with 53 observations. The data reached an all-time high of 9.000 % in Mar 2009 and a record low of 0.600 % in Mar 2010. Mexico House Prices: YoY: MD: Soledad de Graciano Sanchez data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB011: House Price Index: by Municipality and Delegation: 2017=100: Year on Year Growth.

Mexico Average House Price: Quintana Roo data was reported at 928,729.000 MXN in Mar 2019. This records an increase from the previous number of 724,335.000 MXN for Dec 2018. Mexico Average House Price: Quintana Roo data is updated quarterly, averaging 615,249.500 MXN from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 928,729.000 MXN in Mar 2019 and a record low of 495,496.000 MXN in Dec 2014. Mexico Average House Price: Quintana Roo data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB005: Average House Price.

Mexico House Price Index: Nuevo Leon data was reported at 116.000 2017=100 in Mar 2019. This records an increase from the previous number of 113.400 2017=100 for Dec 2018. Mexico House Price Index: Nuevo Leon data is updated quarterly, averaging 73.900 2017=100 from Mar 2005 (Median) to Mar 2019, with 57 observations. The data reached an all-time high of 116.000 2017=100 in Mar 2019 and a record low of 50.900 2017=100 in Mar 2005. Mexico House Price Index: Nuevo Leon data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB007: House Price Index: by State: 2017=100.

Graph and download economic data for Real Residential Property Prices for Mexico (QMXR368BIS) from Q1 2006 to Q3 2024 about Mexico, residential, housing, real, and price.

The average housing price in Mexico City's metropolitan area reached 12,457 Mexican pesos per square meter in 2018, a decrease of approximately one percent in comparison to the previous year. Meanwhile, in Greater Guadalajara and Greater Monterrey, housing prices increased by 9.7 and seven percent in the same period, respectively.

Web scraped listing price data for Mexico City for the year 2018

Mexico MX: Rent Price Index: sa data was reported at 127.702 2015=100 in 2024. This records an increase from the previous number of 122.873 2015=100 for 2023. Mexico MX: Rent Price Index: sa data is updated yearly, averaging 69.117 2015=100 from Dec 1980 (Median) to 2024, with 45 observations. The data reached an all-time high of 127.702 2015=100 in 2024 and a record low of 0.087 2015=100 in 1980. Mexico MX: Rent Price Index: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Mexico – Table MX.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual.

Mexico House Prices: YoY: MD: Jesus Maria data was reported at 8.700 % in Mar 2019. This records a decrease from the previous number of 9.100 % for Dec 2018. Mexico House Prices: YoY: MD: Jesus Maria data is updated quarterly, averaging 6.500 % from Mar 2006 (Median) to Mar 2019, with 53 observations. The data reached an all-time high of 14.300 % in Mar 2009 and a record low of 0.500 % in Mar 2010. Mexico House Prices: YoY: MD: Jesus Maria data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB011: House Price Index: by Municipality and Delegation: 2017=100: Year on Year Growth.

In 2024, the Mexico exhibited the highest inflation-adjusted increase in house prices among the countries under observation. In the first quarter of the year, house prices in Mexico grew by nearly five percent in real terms, whereas globally, prices declined by one percent. These figures are based on the development of the real house price index, with 2010 chosen as a baseline year. When looking at the long-term index development, Chile observed the biggest increase in prices in the region.

Graph and download economic data for Housing Inventory: Median Listing Price in Mexico, MO (CBSA) (MEDLISPRI33020) from Jul 2016 to Feb 2025 about Mexico, MO, listing, median, price, and USA.

The Mexican housing market has grown notably since 2010, with home prices more than doubling by 2023. The third quarter of 2023 saw the nominal house price index reach 255.54 index points, implying a growth rate of 146 percent since 2010, the baseline year for the index. Adjusted for inflation, the increase was more modest, with the real house price index amounting to 139.75 index points in 2023, or a growth rate of approximately 40 percent.

House Prices: YoY: MD: Juarez (Chih) data was reported at 7.800 % in Mar 2019. This records a decrease from the previous number of 8.100 % for Dec 2018. House Prices: YoY: MD: Juarez (Chih) data is updated quarterly, averaging 5.400 % from Mar 2006 (Median) to Mar 2019, with 53 observations. The data reached an all-time high of 9.500 % in Sep 2015 and a record low of 2.700 % in Jun 2012. House Prices: YoY: MD: Juarez (Chih) data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB011: House Price Index: by Municipality and Delegation: 2017=100: Year on Year Growth.

The Report Covers Mexico's Commercial Real Estate Market Trends & Size, and It is Segmented by Type (office, Retail, Industrial, Logistics, Multi-Family, and Hospitality). The Market Size and Forecasts for Mexico's Commercial Real Estate Market are Provided in Terms of Value (USD) for all the Above Segments.

Mexico House Price Index: Condominium data was reported at 146.600 2012=100 in Dec 2018. This records an increase from the previous number of 145.900 2012=100 for Sep 2018. Mexico House Price Index: Condominium data is updated quarterly, averaging 98.500 2012=100 from Mar 2005 (Median) to Dec 2018, with 56 observations. The data reached an all-time high of 146.600 2012=100 in Dec 2018 and a record low of 66.400 2012=100 in Mar 2005. Mexico House Price Index: Condominium data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB001: House Price Index: 2012=100.