Increase demand for Queretaro real estate places Querétaro in the top 3 and 2nd most expensive in Mexico

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Queretaro real estate demand is the residential sector with 69.1%; it is followed by land with 18%

According to the 2021 Real Estate Report developed by the Lamudi company, at the national level, it is appreciated that the online demand of the real estate sector concentrates more than 80 percent of participation among the entities of CDMX, the State of Mexico, Querétaro (3rd site nationwide), Nuevo León, Yucatán, Jalisco, Puebla, Quintana Roo, Veracruz, Guanajuato, Coahuila, Baja California and Morelos.

In the real estate market of Querétaro, there was a 120 percent increase in its demand in the first four months of 2021 compared to the first four months of 2020, occupying position 3 at the national level in the ranking of the states with the highest growth in demand for properties residential, commercial, industrial, offices and land for sale and rent.

Querétaro, second entity with the most expensive homes in Mexico

In Querétaro, by subsector, the real estate offer that has greater participation in the residential sector with 69.1 percent; it is followed by land with 18 percent; commercial and industrial have 5.5 percent and 4.1 percent participation, respectively, and corporate 3.4 percent.

The most important industrial zones in Mexico are located in Mexico City, Monterrey, Tijuana, Querétaro, Guanajuato, Saltillo, Guadalajara, San Luis Potosí, Mexicali, Puebla, Aguascalientes and Tecate.

Over time, Hidalgo, La Laguna, Matamoros, Nuevo Laredo and Reynosa have been added, as well as Chihuahua, Ciudad Juárez, Hermosillo, Mexicali, Nogales and Tijuana; Mérida is located to the southwest in this subsector.

The national industrial subsector had a positive variation of 62% with respect to the previous year. According to the Mexican Association for Online Sales (AMVO), electronic commerce (e-commerce) in Mexico closed 2020 with its highest and historic market value of 316 billion pesos, a growth of 81% compared to 2019, and the trend continued during this year, a situation that causes the need for higher rent, purchase, and construction of industrial facilities.

There have been several expert companies in storage solutions that have proposed to invest, or have done so, in larger spaces and are working on their logistics reconversion, thanks to the boom that electronic commerce experienced after the pandemic, since it promoted the growth of new needs in the specialized winery market ”explained Daniel Narváez, Marketing VP of Lamudi.

The pandemic was quite a challenge. We did not have enough square meters for the demand of the Distribution Centers. AAA developer companies arrived and they rushed to build and they grew together with the clients at the same time, so the acceleration of the requirement of square meters was much greater and it was a great opportunity for the sector. There was a growth of up to 70% ”added María Fernanda Valencia, general director of Assad Industrial.

During the pandemic, markets such as Tijuana, Ciudad Juárez, and Monterrey, as well as CDMX, Toluca, or Guadalajara saw an acceleration in the leasing of industrial and logistics warehouses in a short time.

In addition to space, companies are now demanding other features such as facilities or a type of infrastructure that allows connecting electric vehicle units that is also part of an operating trend that is on the rise.

Vendes propiedades en Querétaro

Querétaro, ranks 2nd with the most expensive homes in Mexico

In the Metropolitan Area of ​​the state, housing costs presented an annual variation of 6.6% during the first semester of 2021.

For the second quarter of 2021, the Housing Price Index in Mexico revealed that Querétaro is the second entity with the highest average costs of residences in Mexico since a home has an average price of one million 842 thousand 544 pesos.

In this sense, it should be noted that 25% of home purchases were made for a price less than or equal to 850 thousand pesos; 50% to one million 466 thousand pesos, and 75% of the transactions had a cost less than two million 390 thousand pesos.

On the other hand, the town with the most expensive homes in the country is Mexico City, with an average price of two million 956 thousand 752 pesos; The third place on the list was occupied by Morelos, with one million 803 thousand 744 pesos; followed by Jalisco, with one million 501 thousand 943 pesos; Nayarit, one million 443 thousand 025 pesos, and the State of Mexico, one million 416 thousand 699 pesos.

For the first six months of the year, the average price of a home nationwide was one million 324 thousand pesos and the median price of 774 thousand pesos.

They raised the costs of housing in the city of Queretaro

The report of the Federal Mortgage Society (SHF) Index indicates that during the first semester of 2021 the annual variation in the Metropolitan Area (ZM) of Querétaro had a growth of 6.6%. However, the highest variation was recorded in the Tijuana ZM, with 9.9%; in Guadalajara, 8.8%; in Puebla-Tlaxcala it was 8.6%; in Monterrey, 8.4%, and in León ZM, 7.1.

Source: excelsior.com.mx, liderempresarial.com

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