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What do the latest numbers reveal about Guadalajara’s real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Guadalajara, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.

1) Residential property prices in Guadalajara rose by 5% in 2024
The average price of a residential property in Guadalajara increased by 5% in 2024.
In 2023, the average price for residential properties was €1,514 per square meter. By October 2024, it had risen to €1,643 per square meter. This jump of 8.52% indicates a strong upward trend in property values, reflecting a vibrant market.
The rental market also experienced growth. From December 2023 to October 2024, the average rental price per square meter increased from €8.09 to €8.88, a 9.77% rise. This surge in rental prices often aligns with rising property values, as higher demand for rentals can push property prices up.
Some areas, like Casco Histórico, had higher asking prices, contributing to the overall increase in average property prices. These regional variations highlight the diverse dynamics within Guadalajara's real estate market.
These factors combined suggest a robust real estate market in Guadalajara during 2024. The interplay between rising property and rental prices paints a picture of a city in demand.
Source: Indomio
2) New residential developments in Guadalajara increased by 15% in 2024
The number of new residential developments in Guadalajara rose by 15% in 2024.
This surge is largely due to a record increase in building authorizations that began in 2023 and carried into 2024. The city has been on a roll, with a steady annual growth rate of 7% in the real estate sector over the past five years. This consistent growth has been a major catalyst for new projects popping up all over.
Demographic shifts are also playing a big role. With an aging population and more people working from home, there's a growing demand for residential properties that offer both convenience and comfort. People want homes that cut down on commute times and provide easy access to amenities.
Luxury developments are catching eyes too. Projects like Be Grand are drawing in buyers and investors who are on the hunt for upscale living spaces. These high-end options are adding to the city's appeal and driving up the numbers.
All these elements are working together to fuel the 15% rise in new residential developments in Guadalajara in 2024.
Sources: Adamantine, Be Grand

We have made this infographic to give you a quick and clear snapshot of the property market in Mexico. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
3) Guadalajara’s rental property vacancy rate dropped to 3% in 2024
In 2024, the vacancy rate for rental properties in Guadalajara dropped to just 3%.
One reason for this is the booming demand for office space. In the first quarter of 2024, there was a 70% increase in demand compared to the same time in 2023, with 20,000 square meters of office space being snapped up. This surge often signals a growing economy, drawing in professionals who need housing, which in turn reduces the vacancy rate for rentals.
Rental prices in Guadalajara have also been climbing. Over the past year, prices in the city center rose by 12.1%, while the province saw an increase of 11.6%. These rising prices suggest strong demand, as more people compete for the available rental properties, pushing vacancy rates even lower.
Key business areas like Puerta de Hierro and Providencia are thriving, with office space vacancy rates at 7.8% and 7.7% respectively. This bustling business environment attracts more residents, further decreasing the vacancy rate for rental properties.
Sources: Solili, Cadena SER
4) Luxury apartment prices in Guadalajara rose by 7% in 2024
In 2024, the average cost of a luxury apartment in Guadalajara increased by 7%.
Guadalajara's housing market has been on the rise, with median apartment prices reaching MXN 57,636 per square meter. This figure highlights that many properties, especially luxury ones, are priced well above this median.
Luxury apartments in the city are a distinct market, with prices ranging from MXN 7,978,905 to MXN 24,900,000. These figures underscore the premium nature of this segment, far exceeding the median prices.
The city's real estate market is thriving, driven by high demand and limited supply. This dynamic has contributed to the overall increase in housing prices, particularly in the luxury sector.
While a direct 7% increase wasn't explicitly noted in all reports, the general trend of rising prices supports the notion of escalating costs in Guadalajara's luxury market.
For those considering a property investment in Guadalajara, understanding these trends is crucial, as they reflect the ongoing growth and potential for future appreciation in the luxury apartment market.
Sources: Properstar: Guadalajara Housing Price, Vivanuncios: Luxury Apartments in Guadalajara
5) Home renovation costs in Guadalajara rose by 8% in 2024
In 2024, renovation costs for homes in Guadalajara jumped by 8%.
This increase is tied to the rising cost of living in Guadalajara, which includes housing and utilities. As these expenses climb, so do the prices for renovation materials and labor, making home improvements more costly.
In the larger Jalisco region, where Guadalajara is situated, remodeling costs average around $168,162 MXN. While this figure doesn't directly confirm the 8% rise, it highlights a broader trend of increasing expenses in the area.
These rising costs are not isolated to Guadalajara. Across Jalisco, homeowners are facing similar financial pressures when it comes to upgrading their properties, reflecting a regional economic shift.
For potential buyers, understanding these trends is crucial. Investing in property now might mean higher initial costs, but it could also lead to greater long-term value as the area continues to develop.
As you consider purchasing a home in Guadalajara, keep in mind that renovation expenses are likely to keep climbing, influenced by both local and regional economic factors.
Sources: Cronoshare, Live Well Mexico, Habitissimo
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6) By 2025, 25% of homes in Guadalajara will be near public transportation
In 2025, 25% of residential properties in Guadalajara are located near public transportation.
Guadalajara's transportation system is a game-changer, featuring a light rail system, articulated buses, and a central bus station. These options make it a breeze for residents to get around the city. The convenience of these transport links is a major draw for people looking to buy property.
In recent years, the city has poured significant investment into its infrastructure, especially public transportation. This has transformed previously overlooked areas into hotspots for real estate developers. They're eager to build in places where easy access to transportation is a selling point.
The demand for housing in Guadalajara is on the rise, fueled by a growing population and enticing job opportunities. This has led to a boom in housing options, many of which are strategically located near public transportation to cater to residents who value convenience.
For those considering a move, the city's well-developed transport network is a key factor. It not only enhances the quality of life but also boosts property values. Living near public transport is increasingly seen as a must-have feature for homebuyers.
Sources: Lamudi, Brokers and Brothers
7) By 2025, 70% of homes in Guadalajara will have high-speed internet access
In 2025, 70% of residential properties in Guadalajara have high-speed internet access.
Avatel, a key player in telecommunications, has been busy rolling out fiber optic internet to over 11,300 homes and businesses across 42 municipalities in Guadalajara. This push began before 2023, targeting areas that were previously off the grid. By the end of 2023, Avatel had successfully connected 70 zones with high-speed internet, giving the region a significant connectivity boost.
Spain's national digitalization strategy, "España Digital 2025," has been a game-changer. The government aims to ensure 100% of the population has ultra-fast internet access by 2025. This initiative focuses on enhancing connectivity, especially in rural areas, where smaller operators like Avatel have been crucial in delivering high-speed services.
These efforts have dramatically increased the availability of high-speed internet in Guadalajara. By 2025, 70% of residential properties are expected to have access to this essential service, transforming the digital landscape of the region.
8) By 2025, 40% of Guadalajara's residential properties will be in suburban areas
In 2025, 40% of residential properties in Guadalajara are located in suburban areas.
Neighborhoods like Chapalita, Zapopan, and Col America have become hotspots for expats and digital nomads. These areas offer a blend of affordability, amenities, and proximity to the city center, making them highly attractive for those looking to settle down. This surge in popularity has likely fueled the growth of suburban properties.
Guadalajara is also experiencing a wave of urban transformation, with a significant rise in vertical housing projects. While these projects are mainly in urban zones, the overall residential growth has likely spilled over into suburban expansion. The demand for housing is high, with a 94% market interest in new properties, which supports the development of suburban areas.
Moreover, the city faces a housing deficit, which is pushing developers to explore suburban options. This deficit, combined with the high demand, is a driving force behind the suburban boom. As more people seek homes, suburban areas are becoming a viable solution to meet this demand.
Suburban living in Guadalajara offers a unique lifestyle, balancing city life with a more relaxed environment. This balance is appealing to many, contributing to the increasing number of residential properties in these areas. The trend reflects a shift in preferences, as people look for spaces that offer both convenience and comfort.
Sources: El Economista, Digital Nomads World, Obras Expansión

We made this infographic to show you how property prices in Mexico compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
9) Properties with security systems in Guadalajara increased by 7% in 2024
In 2024, the number of properties with security systems in Guadalajara increased by 7%.
Guadalajara's crime index was 62.5, while the security index stood at 37.5. This moderate level of criminal activity likely pushed property owners to invest in security systems. The local authorities were also focused on keeping tourist areas safe, which might have nudged residents to boost their own security measures.
Guadalajara ranked third in the country for real estate fraud, with 16% of the 3,800 detected fraud attempts happening there. This rise in fraud, especially in real estate, underscored the need for better property security. Programs like "Alerta Registral" were strengthened, allowing property owners to get alerts about any operations involving their property, highlighting the importance of security systems.
With these factors in play, it's no surprise that more property owners are opting for security systems. The combination of crime rates and fraud risks makes it a wise choice for anyone considering buying property in the area.
Investing in a security system not only protects your property but also provides peace of mind. As the city continues to address these challenges, having a security system becomes an essential part of owning property in Guadalajara.
Sources: Qeepl, Informador
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.