Published On: Mon, Mar 26th, 2018

Bajío region attracts 15% of Mexico’s real estate investments

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The Association of Real Estate Developers (ADI) reported that 15 percent of real estate investments are made in El Bajío, which places the region at the head of the real estate scene nationwide. In addition, since 2015, the ADI considers the Bajío as one of the areas with the largest real estate investment nationwide.

El Bajío is home to more than 13.5 million people, being Guanajuato and San Luis Potosí the cities with the largest population; while the state of Aguascalientes has the least, with just over 1.3 million inhabitants and Querétaro has 2 million.

Bajío attracts 15% of the country's real estate investments.

Bajío attracts 15% of the country’s real estate investments.

When analyzing the real estate subsector Queretaro is the most powerful state of the Bajío, because it heads the rankings of apartments and houses available for rent and sale, said Lamudi.

Although Guanajuato and Querétaro are considered the most attractive states for investment in the Bajío region, Aguascalientes and San Luis Potosí have increased their competitiveness.

According to a report from the Sociedad Hipotecaria Federal (SHF), the state of Querétaro was ranked second nationally with the highest average price of housing, with a figure of 1.044 million pesos (approx. 59 thousand usd) during the last quarter of 2017, exceeded only by Mexico City, with an average of 1.5 million pesos (approx. 83 thousand usd). The national average was 755 thousand pesos (approx. 42 thousand usd).

In the last quarter of 2017, Queretaro state had an increase of 7.1 percent in the average price of housing, regarding the same quarter of the previous year. Guanajuato registered an increase of 8 percent; San Luis Potosí of 8.2 and Aguascalientes of 7.1. The average increase at national level was 7.4 percent.

The National Chamber of the Development and Housing Promotion Industry (Canadevi) reported that Querétaro registered the highest surplus value in departments within the Bajío region.

According to the analysis carried out by the Real Estate company on properties, Querétaro ranked number three nationally in surplus value.

During the past year, residential home sales prices showed a steady growth trend of 7.16 percent for homes and 8.4 percent for apartments, due to the state’s infrastructure.

Source: elfinanciero.com.mx

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