Apartments and flats for sale in Mexico

Apartments in Mexico

The country offers a wide range of real estate, attracting investors and buyers worldwide with its rich culture, stunning natural beauty and favourable conditions for purchasing housing. Popular cities boast well-developed infrastructure, a stable economy and a vibrant tourism sector. Buyers often choose the following locations for living and investment:

• Mexico City: The capital, where a thriving industry, numerous attractions and diverse entertainment venues converge;
• Veracruz and Guadalajara: Known for their opportunities to start businesses and work in large companies;
• Monterrey: One of the wealthiest commercial and economic centres with a significant influx of holidaymakers;
• Cancun and Acapulco: Major tourist destinations in the country.

There’s a wide selection of apartment buildings in Mexico, ranging from colonial houses in historic cities to modern complexes in major metropolises. Investors interested in buying an apartment in Mexico can choose from the following options:

• Apartments and condominiums: Typically feature open-plan kitchens integrated with living rooms, bedrooms and several bathrooms. Some units include balconies and terraces and may include essential furniture and appliances. These apartments are often situated in residential complexes offering amenities such as gyms, swimming pools, playgrounds, parking facilities, spas and concierge services;
• Penthouses in Mexico: These are more exclusive properties, located on the upper floors of skyscrapers;
• Luxurious mansions: These properties can include terraces, swimming pools, panoramic windows, staff rooms, walk-in closets and other areas.

You can purchase a new, resale or off-plan apartment for sale in Mexico. New developments typically offer amenities designed for comfortable living, such as sports areas and recreational spaces.

In terms of cost, the highest cost of apartments in Mexico per square metre is recorded in the capital and the states of Nuevo León, Nayarit, Jalisco and Sinaloa. More affordable housing options are available in Tlaxcala, Tamaulipas, Chiapas, Durango and Hidalgo.

Reasons for investing in an apartment in Mexico

Economic stability, improved infrastructure and the development of various production sectors make the country attractive for long-term investments. In the residential real estate sector, there was a 10% growth in 2023. Prices increased by an average of 8% and demand rose by 7%.

Foreign investors are increasingly drawn to this country, as demonstrated by the direct foreign investments in real estate, which reached USD 81.9 million in 2023, an increase of 10.6% from the previous year. This popularity is partly due to the programme offering residency for the purchase of properties worth over USD 585,000.

The warm climate and numerous natural and cultural attractions boost tourism and attract more foreigners seeking permanent residence. The growing number of buyers from other countries contributes to rising apartment prices in Mexico, especially in coastal resort areas and culturally significant cities.

Owners can rent out their apartment in Mexico to secure a stable passive income. Short-term rentals are highly sought after in tourist destinations renowned for their beaches and cultural attractions. Long-term rentals appeal to professionals working in business districts, industrial areas and resort zones that require extra workforce during peak seasons.

Rental prices in the country vary depending on the state. The highest rates are in Baja California Sur, Nuevo León, Quintana Roo, Jalisco and Nayarit. These coastal areas feature more expensive premises near beaches and entertainment venues.

Foreign investments have become a driving force in the apartment market. Increased interest from foreign buyers, particularly in tourist locations featuring prestigious units and luxury amenities, has driven up prices. Consequently, should plans for renting out apartments or personal residence change, these properties can be resold profitably. The same applies to properties under construction, where final prices can increase by 10–30% upon completion.

Buying apartments in Mexico

Global.Properties updates and publishes listings of apartments and villas in Mexico daily. The aggregator features projects from reliable developers with numerous developments in the most prestigious locations in the country. Use search filters to select flats for sale in Mexico by key parameters such as location, number of bedrooms, total area and additional amenities. The converter will quickly convert the amount into dollars, euros and the local currency. Submit a request on the site and a specialist will assist you to buy a flat in Mexico that meets your requirements and budget.