AHS-P2-8. The Mexican Housing Market: An Analysis for Those Seeking to Buy Real Estate Property to Live in or Invest
Polly Flores1, 2
Faculty Mentor: Kimberly Nehls, Ph.D.3
1Lee Business School, Department of Finance
2Lee Business School, Department of Economics
3Lee Business School, Department of Marketing and International Business
This research aims to investigate and better understand the Mexican Housing Market and provide information geared towards fundamental knowledge and or potential investment opportunities within the Mexican housing market. The focus is on the average housing price per Mexican State, the five highest, lowest, and the five leading travel destination states in Mexico. The median days on the market of the Mexican Housing Inventory and the increasing value of the residential market in Mexico were analyzed to give guidance for those interested in this market. Survey time period Data was collected, reviewed, and analyzed. Results show that the National Average price was $1,310,750.00 MXN ($64, 700.00 USD). The median days on the market have ranged from 22.5 days to 70 days since January 2021. The projected value of the residential real estate market for 2021 is $41.3 billion USD and is forecasted to continually grow in the coming years with a speculated $60 billion USD in 2025. The research shows that the Mexican housing market is growing and can be a competitive alternative for those looking to buy real estate property to live in or invest.