Mexico’s Rising Housing Market
According to the Relevamiento Inmobiliario de América Latina (RIAL Di Tella – Inmuebles24), a study by the Center for Financial Research (CIF) at the School of Business of Torcuato Di Tella University in collaboration with Inmuebles24, Mexico has become one of the countries with the highest housing prices in Latin America.
Key Findings
- Data Updated: The study uses data updated to September 2025.
- Top Five Most Expensive Cities: Three of the five most expensive cities for buying real estate in Latin America are Mexican.
- Highest Prices per Square Meter: The cities with the highest prices per square meter are Montevideo ($3,209), followed by Mexico City ($2,909), Monterrey ($2,787), Guadalajara ($2,717), and Buenos Aires ($2,622).
- Accessibility Gap: The most affordable cities in the ranking were Quito ($1,200/m²), Rosario ($1,733/m²), Córdoba ($1,750/m²), and Panamá ($1,881/m²).
Price Increases in Mexican Cities
The RIAL Di Tella – Inmuebles24 report also indicates that, on average, housing prices in Latin America increased by 6.2% in nominal dollars, 4.5% in real dollars (adjusted for US inflation), and 1.2% in local real currency between March and September 2025.
This means that, in general terms, the cost of acquiring a square meter has increased both in nominal value and real purchasing power, reinforcing the trend of rising housing costs across the region.
Notable Price Increases
- Guadalajara: Experienced the highest increase, with a 14.7% rise in value per square meter.
- San Pablo: Witnessed a 13.2% increase.
- Río de Janeiro: Saw a 9.5% rise.
- Mexico City: Registered a 9.1% increase.
- Monterrey: Showed a growth of 7.5%.
These percentages are above the regional average, while Montevideo (-3.6%) and Quito (-1.2%) experienced the largest drops, reflecting a cooling of some markets that had reached peak prices in recent years.
Relevance of the Mentioned Cities
Guadalajara, one of Mexico’s most significant cities, has emerged as a major player in the country’s real estate market. Known for its thriving economy, rich cultural heritage, and strategic location, Guadalajara has attracted both domestic and foreign investors. The city’s rise in the housing price rankings indicates its growing appeal and economic strength.
Mexico City, the capital and largest metropolis in Mexico, is another crucial player. As a global financial hub and the country’s political and cultural center, Mexico City’s real estate market is vital to understanding the broader trends in Latin America. Its continued growth reflects the country’s overall economic progress.
Monterrey, a major industrial and commercial center in Mexico, has also contributed to the rising housing costs. Known for its robust manufacturing sector and technological advancements, Monterrey’s real estate market mirrors the city’s economic success.
Key Questions and Answers
- Q: Which Latin American cities are the most expensive to buy real estate?
A: According to the RIAL Di Tella – Inmuebles24 study, Montevideo, Mexico City, Monterrey, Guadalajara, and Buenos Aires are among the most expensive cities for buying real estate in Latin America. - Q: How have housing prices changed in Latin America between March and September 2025?
A: On average, housing prices in Latin America increased by 6.2% in nominal dollars, 4.5% in real dollars (adjusted for US inflation), and 1.2% in local real currency. - Q: Which Mexican cities have seen the most significant price increases?
A: Guadalajara experienced the highest increase with a 14.7% rise, followed by San Pablo (13.2%) and Río de Janeiro (9.5%). - Q: Which cities have experienced the largest drops in housing prices?
A: Montevideo (-3.6%) and Quito (-1.2%) have seen the most significant decreases, indicating a cooling of some high-priced markets.
