Authored by the expert who managed and guided the team behind the Mexico Property Pack
Yes, the analysis of Mexico City's property market is included in our pack
Curious about the real estate market in Mexico City and wondering what apartment prices might look like in 2025?
Whether you're planning to invest, relocate, or simply keeping an eye on market trends, understanding the average prices is crucial.
In this article, we'll explore the factors influencing these prices and provide insights into what you can expect in the coming years.
Actually, we know this market inside and out. We keep tabs on it regularly, and all our discoveries are reflected in the most recent version of the Mexico Property Pack
Estimated Average Apartment Prices in Mexico City by 2025
The following table provides an estimation of average apartment prices in Mexico City for the year 2025, broken down by area and measured in both square meters (sqm) and square feet (sft). These estimates are based on current trends and economic forecasts. Prices are subject to change due to market fluctuations and other economic factors.
Area | Price per sqm (USD) | Price per sft (USD) |
---|---|---|
Polanco | 4,500 - 5,500 | 418 - 511 |
Condesa | 3,800 - 4,500 | 353 - 418 |
Roma | 3,500 - 4,200 | 325 - 390 |
Santa Fe | 3,000 - 3,800 | 279 - 353 |
Centro Histórico | 2,500 - 3,200 | 232 - 297 |
Coyoacán | 2,800 - 3,500 | 260 - 325 |
San Ángel | 3,200 - 4,000 | 297 - 372 |
Reforma | 4,000 - 5,000 | 372 - 465 |
Del Valle | 2,700 - 3,400 | 251 - 316 |
Napoles | 3,000 - 3,700 | 279 - 344 |
Juárez | 3,500 - 4,300 | 325 - 399 |
Cuauhtémoc | 3,200 - 4,000 | 297 - 372 |
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What You Need to Know Before Buying an Apartment in Mexico City in 2025
What is the average price per square meter for apartments in Mexico City in 2025?
The average price per square meter for apartments in Mexico City in 2025 is approximately USD 2,500.
This figure can vary significantly depending on the neighborhood, with upscale areas like Polanco reaching prices of USD 4,000 per square meter.
In contrast, more affordable areas may have prices as low as USD 1,500 per square meter.
How have apartment prices in Mexico City changed over the past five years?
Over the past five years, apartment prices in Mexico City have increased by an average of 5% annually.
This growth is driven by a combination of demand from both local and international buyers and limited new construction in central areas.
However, the rate of increase has varied, with some years seeing higher spikes due to economic factors.
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What are the most expensive neighborhoods for buying an apartment in Mexico City?
The most expensive neighborhoods in Mexico City include Polanco, Lomas de Chapultepec, and Santa Fe.
In these areas, prices can exceed USD 4,000 per square meter, reflecting their desirability and amenities.
These neighborhoods are known for their luxury offerings, proximity to business districts, and high-quality infrastructure.
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Are there any government incentives for buying property in Mexico City in 2025?
In 2025, the Mexican government offers certain incentives for first-time homebuyers, including reduced mortgage rates.
These incentives are part of a broader effort to stimulate the housing market and make homeownership more accessible.
Additionally, there are tax benefits for purchasing energy-efficient properties, which can be an attractive option for buyers.
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=> What are the legal requirements for buying property in Mexico City?
What is the rental yield for apartments in Mexico City?
The rental yield for apartments in Mexico City averages around 4% to 6% annually.
This yield can vary based on location, with central and high-demand areas offering potentially higher returns.
Investors should consider both the purchase price and potential rental income when evaluating properties.
Buying real estate in Mexico can be risky
An increasing number of foreign investors are showing interest in Mexico. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
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=> What are the rental yields for apartments in Mexico City?
How does the cost of living in Mexico City compare to other major cities?
Mexico City has a relatively lower cost of living compared to cities like New York or London, making it attractive for expatriates.
While housing costs can be high in certain areas, other expenses such as food and transportation are generally more affordable.
This balance makes Mexico City a competitive option for those looking to relocate or invest in property.
What are the financing options available for purchasing an apartment in Mexico City?
Buyers in Mexico City can access a range of financing options, including traditional bank mortgages and government-backed loans.
Interest rates in 2025 are expected to be around 7% to 9%, depending on the lender and the buyer's credit profile.
Foreign buyers may face additional requirements, such as higher down payments or proof of income.
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What are the legal considerations for foreign buyers purchasing property in Mexico City?
Foreign buyers can purchase property in Mexico City, but they must adhere to specific legal requirements, such as obtaining a permit from the Ministry of Foreign Affairs.
Additionally, properties within the restricted zone (50 km from the coast and 100 km from the borders) require a bank trust known as a "fideicomiso."
It is advisable for foreign buyers to work with a local attorney to navigate these legal processes effectively.
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What is the average size of an apartment in Mexico City?
The average size of an apartment in Mexico City is approximately 70 to 100 square meters.
However, this can vary widely depending on the neighborhood and type of building, with luxury apartments often exceeding 150 square meters.
Smaller studio and one-bedroom apartments are common in central areas, catering to young professionals and singles.
How does the infrastructure in Mexico City affect property values?
Infrastructure improvements, such as new metro lines and road expansions, can significantly impact property values in Mexico City.
Areas with better connectivity and access to amenities tend to see higher demand and, consequently, higher prices.
Investors should consider future infrastructure projects when evaluating potential property investments.
What are the common property taxes and fees associated with buying an apartment in Mexico City?
When purchasing an apartment in Mexico City, buyers should expect to pay a property acquisition tax, which is typically around 2% to 4% of the property's value.
Additional fees may include notary fees, registration fees, and, for foreign buyers, bank trust fees if applicable.
These costs should be factored into the overall budget when planning a property purchase.
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What are the trends in the Mexico City real estate market for 2025?
In 2025, the Mexico City real estate market is expected to continue its growth, driven by urbanization and demand for modern living spaces.
There is a trend towards mixed-use developments that combine residential, commercial, and recreational spaces in one location.
Additionally, sustainable and energy-efficient buildings are becoming increasingly popular among buyers and investors.