Authored by the expert who managed and guided the team behind the Mexico Property Pack
Everything you need to know before buying real estate is included in our Mexico Property Pack
Why is Querétaro emerging as a prime location for property investment in 2025? Is it the robust economic growth, the strategic location, or the attractive property prices compared to other Mexican cities? What are the key benefits for investors?
We frequently encounter these questions because we are actively engaged in the local market, collaborating with developers, real estate agents, and investors like you. Given the growing interest in this region, we've decided to compile our insights into a detailed article for everyone's benefit.
Our aim is to present a compelling case for investing in Querétaro's real estate market, supported by our firsthand experience and market expertise.
If you feel we've overlooked an important aspect or wish to learn more, please don't hesitate to reach out (we respond very quickly). Your feedback enhances the quality of our content.
Finally, please remember that this is not financial or investment advice. Real estate investment involves inherent risks, and market conditions can change unexpectedly. We strongly recommend conducting thorough research and consulting with a qualified financial advisor before making any investment decisions.
1) Querétaro’s booming aerospace industry draws skilled workers, increasing housing demand
The aerospace industry in Querétaro is booming, attracting skilled workers who need housing.
In early 2023, over $117 million poured into the region, bringing nearly 2,000 new jobs. This surge in investment has drawn big names like Safran and Bombardier, who are setting up shop here. With these companies moving in, the local economy is buzzing, and the demand for housing is on the rise.
By 2024, the industry is expected to create more than 12,000 jobs, an 18% jump from before the pandemic. The Aerocluster in Querétaro is expanding too, with a 20% increase in member companies by mid-2024. These companies are involved in everything from air operations to drone technology, making the area a hub of innovation.
The National Aeronautics University in Querétaro plays a crucial role by supplying a steady stream of skilled engineers and technicians. This talent pool is essential for the industry's growth and is a key reason why companies are flocking to the area. As more professionals move in, the need for housing, especially near aerospace facilities, is becoming more pressing.
Property values are climbing as a result of this demand. Areas close to these aerospace hubs are particularly hot, with more people looking to buy or rent homes. This trend is a golden opportunity for property investors who want to tap into a growing market.
Querétaro's aerospace boom is not just about jobs; it's reshaping the local real estate landscape. With more people coming in for work, the housing market is set to thrive, offering potential buyers a chance to invest in a vibrant community.
Sources: Mexico Now, VYNMSA, Co-Production International
2) With its rich culture and historic sites, Querétaro is perfect for short-term rental opportunities
Querétaro is buzzing with tourists, thanks to its rich cultural heritage and historic sites.
In 2023, the region saw a 50% jump in tourism, drawing in 7.6 million visitors. This surge is a testament to Querétaro's appeal, with its vibrant culture pulling in crowds from all over. The influx of tourists is not just about numbers; it's about the experiences they seek in this culturally rich area.
With this boom, the local economy is thriving, raking in 22 billion pesos from tourism. This financial windfall is a boon for local businesses, from quaint cafes to bustling markets, all benefiting from the increased foot traffic. The demand for places to stay is on the rise, and short-term rentals are becoming a hot commodity.
In Santiago De Querétaro, short-term rental listings on platforms like Airbnb have grown by 8% in 2024. This uptick shows that more visitors are choosing these cozy, home-like accommodations over traditional hotels. The average occupancy rate for these rentals is 46%, which is quite competitive, indicating a shift in tourist preferences.
Querétaro's charm lies in its ability to offer a unique blend of history and modernity, making it a top choice for travelers. The city's historic sites and cultural events are not just attractions; they are experiences that leave a lasting impression, encouraging visitors to stay longer and explore more.
As more people discover Querétaro's treasures, the short-term rental market is poised to grow even further, offering potential buyers a lucrative opportunity. The city's vibrant atmosphere and welcoming community make it an attractive destination for both tourists and investors alike.
Sources: Visit Mexico, AirDNA
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) With many international events, the city has a high demand for short-term rentals
Querétaro is buzzing with international events, creating a high demand for temporary accommodations.
With events like the Automotive Meetings Queretaro and Aerospace Meetings Queretaro lined up for 2026, the city is a magnet for global professionals. This influx means more people are seeking places to stay, especially during these major gatherings.
Tourism in Querétaro has skyrocketed, with a 35% increase by the end of 2023 compared to pre-pandemic times. This boom has brought an economic impact of up to 23 billion pesos, further driving the need for temporary housing.
Hotel occupancy rates have jumped by 20% over 2019 levels, with March 2024 seeing an average rate of 62.34%. This steady demand indicates that short-term rentals, like Airbnb, are also becoming increasingly popular.
Querétaro's charm isn't just in its events; it's a city rich in culture and history, making it a year-round destination. This constant flow of visitors ensures that accommodation demand remains strong, not just during event seasons.
Investing in property here could be a smart move, as the city's growth shows no signs of slowing down. With its vibrant atmosphere and strategic location, Querétaro is a place where real estate opportunities are ripe for the taking.
Sources: Events Eye, Visit Mexico, CEIC Data
4) With the wine industry booming, more tourists are looking for places to stay nearby
The wine scene in Querétaro is booming, drawing in tourists and boosting demand for local accommodations.
Thanks to a surge in vineyards and wineries, Querétaro is now a hotspot for wine lovers. This growth is fueled by both local and international investments, making it a prime destination for wine tourism. In 2023, the region saw a remarkable 7.6 million visitors, a 50% increase from the previous year, bringing in significant economic benefits.
The wine harvest season, or "vendimia," is a major draw, attracting nearly 350,000 visitors and contributing over 300 million pesos to the local economy. This influx of tourists has led to an economic impact of 22 billion pesos, showcasing the region's growing appeal.
Hotel occupancy in Querétaro hit an average of 55% in 2023, surpassing pre-pandemic levels. This high demand for accommodations during wine events is a clear indicator of the region's thriving tourism sector. Local businesses, from hotels to restaurants, are reaping the benefits, offering exceptional services to ensure visitors have memorable experiences.
Querétaro's wine industry is not just about the wine; it's about the entire experience. The local culture, beautiful landscapes, and vibrant events make it a must-visit destination. The region's success is a testament to its ability to attract and cater to a diverse range of tourists, all eager to explore its offerings.
As the wine industry continues to grow, so does the demand for nearby accommodations, creating a ripple effect that benefits the entire local economy. This trend is expected to continue, making Querétaro an increasingly popular choice for both wine enthusiasts and casual tourists alike.
Sources: Visit Mexico, Visit Mexico
5) In Querétaro, you’ll find strong investment potential with consistent property value appreciation
Querétaro's real estate market is booming, making it a hot spot for investors.
Over the past decade, the city has seen a 21% population increase, thanks to its rise as a major industrial hub. This growth has led to new residential areas popping up and a steady climb in property values. If you're considering buying property, this trend is a good sign of potential returns.
In early 2024, house prices jumped by 11.56% compared to the previous year. This spike is largely due to the influx of new residents drawn by the thriving automotive, aerospace, and tech industries. As more people flock to Querétaro, the demand for housing naturally drives prices up.
Infrastructure is another big player in this real estate surge. Projects like the San Ignacio-Tayoltita Highway and the upcoming Mexico-Querétaro Train station are making the area more accessible and attractive. These developments are not just about convenience; they’re expected to boost the local economy and social scene, making Querétaro even more appealing.
Multinational giants like General Motors and Google have set up shop in Querétaro, turning it into one of Mexico’s industrial powerhouses. Their presence brings in significant investments and creates a lively business environment, which is great news for the local economy and real estate market.
Sources: Archova Visuals, The Querétaro Post, The Querétaro Post
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6) The local government's focus on urban development guarantees ongoing growth and modernization
The local government in Querétaro is heavily investing in urban development, with a focus on modernizing the city.
In 2024, they set aside 1.5 billion pesos for public works, and a similar budget is expected for 2025. This funding is primarily aimed at maintaining and enhancing the city's infrastructure, ensuring that roads, bridges, and public spaces are up to date and efficient.
One standout project is the Paseo 5 de Febrero, designed to improve traffic flow and ease congestion. This ambitious plan covers 8.5 kilometers and involves reengineering six intersections and two junctions, directly benefiting over 300,000 residents and public transport users.
Querétaro is also experiencing a boom in construction permits, especially in the industrial sector. In January 2024, industrial construction permits hit a historical high, reflecting the region's growing economic strength and attractiveness to businesses.
These developments are not just about infrastructure; they signal Querétaro's rising economic competitiveness and its appeal as a hub for industrial growth. The city's strategic location and supportive government policies make it a prime spot for investment.
For potential property buyers, this means increased property values and a vibrant local economy, making Querétaro an attractive option for both living and investing.
Sources: Querétaro Post, Vision Empresarial Querétaro, Solili News
7) With rapid infrastructure improvements, the city is becoming more appealing to new residents
Querétaro is becoming a hotspot for new residents thanks to its rapidly improving infrastructure.
One major boost comes from the $292.7 million USD government investment aimed at upgrading the electricity network. This includes laying down 75 kilometers of high-voltage lines and building two new electrical substations, ensuring that the city has a reliable power supply for years to come.
Another exciting development is the Mexico-Querétaro Train project, which will link Querétaro with Mexico City and beyond. This train is set to enhance community connectivity, improve safety, and even help reduce carbon emissions, all while creating new jobs.
Querétaro is also embracing the future as part of Mexico's smart cities initiative. The city is rolling out fiber-optic networks and public Wi-Fi, which are crucial for both modern living and business operations.
These infrastructure upgrades are not just about convenience; they are transforming Querétaro into a more attractive place to live and work. The city's focus on digital and physical infrastructure is making it a prime location for new residents and businesses alike.
With these improvements, Querétaro is positioning itself as a forward-thinking city, ready to meet the demands of the future. The city's infrastructure is rapidly improving, making it more attractive for new residents.
Sources: Advance Real Estate, Mexico Business News, Alcor BPO
8) Querétaro offers excellent healthcare, making it ideal for those seeking quality medical services
Querétaro's healthcare facilities are top-notch, attracting those in search of quality medical care.
In 2023 and 2024, Médica Sur in Querétaro was ranked No. 1 in Mexico by *Newsweek*, a testament to its outstanding healthcare services. This hospital is a beacon of excellence, drawing patients from all over who seek the best in medical treatment.
Querétaro is home to four internationally certified hospitals and 22 health institutions that are part of the international Patient Safety project. This means they adhere to high-quality standards, offering peace of mind to anyone looking for reliable medical care.
There's been a significant boost in healthcare infrastructure, like the new St. Andrews Medical Center. With a 1,500 million MXN investment, this cutting-edge facility will provide services ranging from cardiology to plastic surgery, marking it as the first American Medical Center in Mexico.
Querétaro is also a hotspot for medical tourism, ranking among Mexico's top 10 destinations for this purpose. About 10% of hospital patients are international, showing the trust and confidence foreign patients have in the region's healthcare quality.
Sources: Mexico News Daily, Discover SMA, Newsfile Corp
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) You’ll find more growth potential in Querétaro’s property market compared to Mexico City due to less saturation
Querétaro's real estate market is less saturated than Mexico City's, offering more growth potential.
In Querétaro, property prices are much more affordable, with the median price of an apartment at MXN 27,675 per square meter. Compare this to Mexico City, where prices can soar from MXN 40,000 to over MXN 100,000 per square meter. This makes Querétaro a more accessible option for buyers and investors.
The city is experiencing a higher annual population growth rate, driven by both natural increase and migration. This influx of people contributes to a more dynamic real estate market. Many businesses are also relocating to Querétaro, attracted by its favorable business climate and economic diversification, which boosts demand for both commercial and residential properties.
Querétaro is investing heavily in infrastructure, including industrial parks and the expansion of the QPM electrical substation. These developments enhance the state's competitiveness and provide ample space for new ventures. The lower cost of living compared to Mexico City further adds to its appeal, making it an attractive destination for residents and investors alike.
Multinational companies are increasingly setting up shop in Querétaro, drawn by the favorable business environment. This influx is not just about business; it also means more jobs and a thriving community, which in turn fuels the real estate market.
Querétaro's strategic location and ongoing infrastructure projects make it a hotspot for growth. The combination of lower property prices, a growing population, and business-friendly policies creates a promising landscape for real estate investment.
Sources: Properstar, ProMexico Industry, Archova Visuals, Mexico News Daily
10) Querétaro's tech boom attracts young professionals seeking modern homes
Querétaro is quickly becoming a hotspot for tech companies, with big names like Amazon Web Services, Google Cloud, and Microsoft making significant investments in the area.
These tech giants are not just boosting the local tech scene; they're also creating a wealth of job opportunities that are attracting young professionals. For example, Google Cloud's new cloud region is set to generate a staggering number of jobs by 2030, while AWS's data center expansion is also expected to open up new positions.
With this influx of young talent, there's a noticeable shift in the housing market. Modern housing is in high demand as these professionals look for contemporary living spaces that match their lifestyle. This trend is reshaping the real estate landscape in Querétaro.
Young professionals are drawn to the area not just for jobs but for the vibrant, innovative environment that comes with a growing tech hub. Their preference for modern, stylish homes is driving new developments and changing the face of the city.
Querétaro's tech boom is not just about jobs; it's about creating a community that appeals to the next generation. The city's transformation is evident in its evolving housing market, which is increasingly catering to the tastes of tech-savvy residents.
As the tech sector continues to grow, so does the demand for housing that reflects the modern, dynamic lifestyle of its workforce. This shift is making Querétaro a desirable place to live for those in the tech industry.
Sources: Mexico Business News, Mexico Business News
11) With year-round art and music festivals, Querétaro is perfect for short-term rental opportunities
Querétaro's art and music festivals are a magnet for visitors all year round, boosting the short-term rental market.
In 2023, tourism in Querétaro surged by 35% compared to pre-pandemic levels, bringing in a whopping 23 billion pesos. This boom underscores how festivals are a big win for the local economy, benefiting both businesses and property owners.
During big festival times like Semana Santa and Day of the Dead, nearby cities such as San Miguel de Allende see short-term rental occupancy rates jump to 55%. Querétaro, with its bustling festival scene, is likely to follow suit, offering property owners a chance to earn more from rentals.
Querétaro's vibrant cultural scene, with 38 upcoming concerts, festivals, and cultural gatherings, keeps tourists coming back. This constant influx of visitors means more opportunities for property owners to capitalize on the short-term rental market.
For those considering buying property in Querétaro, the city's lively festival calendar is a key factor. It not only attracts tourists but also ensures a steady demand for short-term rentals, making it a potentially lucrative investment.
Querétaro's festivals are not just about fun; they are a driving force behind the city's economic growth. With a thriving cultural scene, property owners can expect a consistent stream of visitors, ensuring year-round rental income.
Sources: Visit Mexico, Rental Scale-Up, Songkick
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12) With expanding public transport, Querétaro’s neighborhoods are becoming more accessible
Querétaro's public transportation is getting better and more accessible.
With the introduction of the QROBus system, residents now enjoy a more efficient way to travel around the city. This prepaid reloadable bus card, launched in 2018, has made public transport more convenient for everyone.
Querétaro boasts over 70 bus lines covering Santiago de Querétaro and its suburbs, ensuring that no area is left out. Buses run every 10 to 20 minutes, making it easy for people to depend on public transport for their daily needs.
In 2020, the Municipality of Querétaro invested over 1,326 million pesos in infrastructure, a move that has likely continued to support the city's growing transportation network. This investment has been key in making the system more robust and accessible.
These improvements mean that more people can easily reach different parts of the city, enhancing their daily lives. The expansion of the public transportation system is a game-changer for residents and potential property buyers.
Querétaro's commitment to improving public transport is evident in its ongoing efforts to expand and enhance the system. This makes the city an attractive option for those considering buying property.
Sources: Screw the Average, Municipality of Querétaro
13) A diverse economy in Querétaro means less risk of property value fluctuations
Querétaro's economy is a blend of various industries, which helps keep property values stable.
With sectors like manufacturing, technology, and aerospace, Querétaro has a robust economic foundation. Manufacturing alone contributes 36% to the state's GDP and provides over 400,000 jobs, highlighting its significance. This industrial mix acts as a buffer against market fluctuations, making it a safer bet for property buyers.
Big names like General Motors and Bombardier have set up operations here, adding to the economic diversity. Their presence not only boosts the local economy but also creates thousands of jobs, making the area more economically stable. In 2023, Querétaro's GDP grew by 3.2%, outpacing the national average, which shows its economic resilience.
Querétaro's unemployment rate was impressively low at 2.75% in the second quarter of 2024. This low rate means more people are employed, which supports local businesses and keeps the economy steady. The state's strategic location and government initiatives to attract foreign investment further enhance its economic diversity.
Querétaro's strategic location and government initiatives to attract foreign investment further enhance its economic diversity. The local economy is diverse, reducing the risk of market volatility affecting property values.
Sources: Economía.gob.mx, Deloitte, Mexico News Daily
14) Querétaro’s location makes it easy to reach major cities like Mexico City and Guadalajara
Querétaro is perfectly positioned to connect easily with major cities like Mexico City and Guadalajara.
Thanks to its location near key highways like Highway 57 and Highway 45, getting to these bustling urban centers is a breeze. Imagine hopping on a well-maintained road and reaching Mexico City or Guadalajara without the usual travel headaches.
In recent years, the region has seen major investments in transportation infrastructure, making travel even smoother. These improvements have not only cut down travel times but also made Querétaro more accessible for everyone. The presence of logistics giants like Dachser Mexico, with their expanded warehouse facilities, highlights the area's growing importance.
Querétaro isn't just about easy travel; it's also a booming hub for industries like automotive, aerospace, and electronics. With over 1,300 companies calling the region home, it's a hotspot for manufacturing and technology. This growth is fueled by a highly skilled workforce, making it a magnet for businesses looking to thrive.
The economic development in Querétaro is part of a larger trend in the Bajío region, where industrial growth is on the rise. The area's strategic location and skilled labor force are key factors driving this success.
Whether you're considering a move or an investment, Querétaro offers a unique blend of accessibility and opportunity. It's a place where you can enjoy the benefits of a strategic location and a thriving industrial scene.
Sources: The SCXchange, World Population Review, ProMexico Industry
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Mexico. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
15) Incentives for sustainable building from the local government boost property value
The local government in Querétaro offers incentives for sustainable building, boosting property value.
Imagine getting a break on your property taxes just for having solar panels. That's exactly what's happening in Querétaro, similar to places like Mexico City and Merida. Tax breaks for sustainable construction make it financially appealing to go green.
But it doesn't stop there. Banks like BBVA and HSBC, along with government agencies such as INFONAVIT, are stepping up. They're offering loans and green mortgages for eco-friendly homes. This financial backing makes it easier for people to invest in sustainable building, which can increase property values over time.
Querétaro is also embracing a Circular Economy System, which is a game-changer. This system not only cuts CO2 emissions but also brings economic perks. Training and technical visits are part of the package, helping to develop circular economy initiatives that make properties more appealing.
These efforts are more than just eco-friendly; they add real value to properties. Green building projects are getting more funding, making sustainable living a smart investment.
So, if you're thinking about buying property in Querétaro, know that these sustainable initiatives are not just good for the planet—they're good for your wallet too.
Sources: Constructive Voices, Mexico Business News
16) Querétaro’s mild climate makes it a great choice for retirees looking for comfort
Querétaro is a top choice for retirees thanks to its mild and pleasant climate.
In January, temperatures hover between 47°F (8°C) and 72°F (22°C), offering a consistently comfortable environment. This kind of weather is a big draw for those looking to enjoy their golden years without the hassle of extreme temperatures. Imagine waking up to sunny days and cool nights, much like the climate in Southern California.
The city's population has seen a notable increase, with 23,350 new residents in the past year, bringing the total to 1,436,820 in 2024. This surge is largely due to retirees flocking to the area, attracted by the climate and lifestyle. The weather here is perfect for outdoor activities, with minimal rainfall and plenty of sunshine.
Querétaro's real estate market is thriving, driven by the demand from retirees. Whether you're looking for a luxurious villa or a cozy apartment, the city offers a range of housing options to suit different tastes and budgets. This variety in real estate is a testament to the area's appeal, with many retirees choosing to settle here.
While we don't have specific testimonials, the growing number of people moving to Querétaro speaks volumes about its allure. The climate is often likened to that of Southern California, making it a desirable place to live for those seeking a comfortable and enjoyable retirement.
Sources: Weather in Querétaro in January - Mexico - Whereandwhen.net, Queretaro, Mexico Population 2024 - World Population Review, What Makes Querétaro a Good Choice for Expats - Ventanas Mexico, Real Estate in Querétaro, Mexico: An International Perspective - Archova Visuals
17) Querétaro’s manufacturing hub attracts workers, increasing demand for affordable housing
Querétaro is buzzing with industrial growth, making it a hotspot for manufacturing.
In December 2023, the city experienced a 4.4% increase in industrial activity compared to the previous year, thanks to booming sectors like mining and electricity. This surge is not just numbers; it's reshaping the local economy and creating a vibrant industrial scene.
Manufacturing companies are flocking to Querétaro, eager to set up shop. By the end of 2023, many were waiting for space in expanding manufacturing areas, highlighting the high demand for industrial facilities. This demand is met by the development of industrial parks across various municipalities, turning the city into a manufacturing magnet.
With the manufacturing boom comes a wave of job opportunities. The expansion of industrial parks and fresh investments are drawing workers to the city, eager to seize these new opportunities. This influx of workers is not just about jobs; it's about finding a place to call home.
As more workers arrive, the need for affordable housing becomes pressing. These workers are looking for affordable places to live near their workplaces, creating a demand that real estate developers are keen to meet. The city's growth is not just about industry; it's about building communities.
Querétaro's transformation into a manufacturing hub is a win-win, bringing in workers who need affordable housing options and boosting the local economy. The city's industrial parks are not just spaces; they are the backbone of this economic surge.
Sources: Mexico Now, Reforma, Roca Desarrollos
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18) With low property taxes, the city is a great choice for investors looking for higher returns
Querétaro's low property taxes make it a hot spot for investors looking for better returns.
In Querétaro, the property tax formula is designed to keep taxes significantly lower than in many other Mexican cities. This means more money stays in investors' pockets, boosting their profit margins.
What's more, the property tax rate here has been stable over the years. This stability is a big deal for long-term investors who want to plan their finances without worrying about sudden tax hikes.
Investors often rave about this low tax burden because it lets them keep more of their profits. It's a major selling point for those eyeing real estate in the area.
Real estate agencies and government reports frequently highlight Querétaro's favorable tax conditions. They often compare these rates to other cities, showing off the city's competitive edge.
Financial analyses back this up, showing that properties in Querétaro offer higher net returns thanks to these lower taxes, making it a more appealing choice for investors.
Sources: Plalla Real Estate, Archovavisuals
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.