Graph and download economic data for Real Residential Property Prices for Mexico (QMXR628BIS) from Q1 2005 to Q4 2024 about Mexico, residential, HPI, housing, real, price index, indexes, and price.

Key information about House Prices Growth

• Mexico house prices grew 8.8% YoY in Dec 2024, following an increase of 9.2% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2006 to Dec 2024, with an average growth rate of 7.4%.
• House price data reached an all-time high of 11.7% in Mar 2023 and a record low of 2.2% in Jun 2010.

Key information about Mexico Nominal Residential Property Price Index

• Mexico Nominal Residential Property Price Index was reported at 269.184 2010=100 in Sep 2024.
• This records an increase from the previous number of 264.215 2010=100 for Jun 2024.
• Mexico Nominal Residential Property Price Index data is updated quarterly, averaging 121.363 2010=100 from Mar 2005 to Sep 2024, with 79 observations.
• The data reached an all-time high of 269.184 2010=100 in Sep 2024 and a record low of 72.552 2010=100 in Mar 2005.
• Mexico Nominal Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly.

House price index in Mexico, December, 2024 The most recent value is 273.42 index points as of Q4 2024, an increase compared to the previous value of 269.18 index points. Historically, the average for Mexico from Q1 2005 to Q4 2024 is 142.88 index points. The minimum of 72.55 index points was recorded in Q1 2005, while the maximum of 273.42 index points was reached in Q4 2024. | TheGlobalEconomy.com

Residential Property Prices in Mexico increased 8.71 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Mexico Residential Property Prices.

Mexico House Price Index: MD: Benito Juarez (CDMX) data was reported at 120.200 2017=100 in Mar 2019. This records an increase from the previous number of 116.500 2017=100 for Dec 2018. Mexico House Price Index: MD: Benito Juarez (CDMX) data is updated quarterly, averaging 58.100 2017=100 from Mar 2005 (Median) to Mar 2019, with 57 observations. The data reached an all-time high of 120.200 2017=100 in Mar 2019 and a record low of 33.100 2017=100 in Mar 2005. Mexico House Price Index: MD: Benito Juarez (CDMX) data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB008: House Price Index: by Municipality and Delegation: 2017=100.

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.

Graph and download economic data for All-Transactions House Price Index for New Mexico (NMSTHPI) from Q1 1975 to Q1 2025 about NM, appraisers, HPI, housing, price index, indexes, 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 ****** index points, implying a growth rate of *** 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 ****** index points in 2023, or a growth rate of approximately ** percent.

Mexico House Price Index: Quintana Roo data was reported at 115.600 2017=100 in Mar 2019. This records an increase from the previous number of 112.500 2017=100 for Dec 2018. Mexico House Price Index: Quintana Roo data is updated quarterly, averaging 77.800 2017=100 from Mar 2005 (Median) to Mar 2019, with 57 observations. The data reached an all-time high of 115.600 2017=100 in Mar 2019 and a record low of 48.900 2017=100 in Mar 2005. Mexico House Price Index: 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.EB007: House Price Index: by State: 2017=100.

Mexico House Price Index: Metropolitan Area: Guadalajara data was reported at 118.900 2017=100 in Mar 2019. This records an increase from the previous number of 115.600 2017=100 for Dec 2018. Mexico House Price Index: Metropolitan Area: Guadalajara data is updated quarterly, averaging 96.300 2017=100 from Mar 2015 (Median) to Mar 2019, with 17 observations. The data reached an all-time high of 118.900 2017=100 in Mar 2019 and a record low of 83.900 2017=100 in Mar 2015. Mexico House Price Index: Metropolitan Area: Guadalajara 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: 2017=100.

Mexico House Price Index: MD: Mazatlan data was reported at 115.700 2017=100 in Mar 2019. This records an increase from the previous number of 112.700 2017=100 for Dec 2018. Mexico House Price Index: MD: Mazatlan data is updated quarterly, averaging 75.800 2017=100 from Mar 2005 (Median) to Mar 2019, with 57 observations. The data reached an all-time high of 115.700 2017=100 in Mar 2019 and a record low of 51.300 2017=100 in Mar 2005. Mexico House Price Index: MD: Mazatlan data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB008: House Price Index: by Municipality and Delegation: 2017=100.

Graph and download economic data for All-Transactions House Price Index for Albuquerque, NM (MSA) (ATNHPIUS10740Q) from Q3 1977 to Q1 2025 about Albuquerque, NM, appraisers, HPI, housing, price index, indexes, price, and USA.

Mexico House Price Index: MD: Saltillo data was reported at 113.700 2017=100 in Mar 2019. This records an increase from the previous number of 111.200 2017=100 for Dec 2018. Mexico House Price Index: MD: Saltillo data is updated quarterly, averaging 72.900 2017=100 from Mar 2005 (Median) to Mar 2019, with 57 observations. The data reached an all-time high of 113.700 2017=100 in Mar 2019 and a record low of 50.300 2017=100 in Mar 2005. Mexico House Price Index: MD: Saltillo data remains active status in CEIC and is reported by Federal Mortgage Society. The data is categorized under Global Database’s Mexico – Table MX.EB008: House Price Index: by Municipality and Delegation: 2017=100.

In 2024, the Mexico exhibited the highest inflation-adjusted increase in house prices among the countries under observation. In the fourth quarter of the year, house prices in Mexico grew by nearly **** percent in real terms, whereas globally, prices declined by *** 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, Colombia observed the biggest increase in prices in the region.

Graph and download economic data for Consumer Price Index: Services Less Housing for Mexico (MEXCPISXHQINMEI) from Q1 1981 to Q4 2017 about Mexico, services, CPI, housing, price index, indexes, and price.

Graph and download economic data for Consumer Price Index: OECD Groups: Services Less Housing: Total for Mexico (MEXCPGRLH01GPQ) from Q2 1981 to Q4 2023 about Mexico, services, CPI, price index, indexes, and price.

Graph and download economic data for Consumer Price Index: OECD Groups: Housing: Total for Mexico (MEXCPGRHO01GPM) from Jan 1981 to Dec 2023 about Mexico, CPI, price index, indexes, and price.

Real residential property prices Y-on-Y, percent change in Mexico, December, 2024 The most recent value is 4.03 percent as of Q4 2024, an increase compared to the previous value of 3.94 percent. Historically, the average for Mexico from Q1 2006 to Q4 2024 is 2.35 percent. The minimum of -2.42 percent was recorded in Q1 2010, while the maximum of 7.77 percent was reached in Q4 2015. | TheGlobalEconomy.com

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.