The average price of housing in Mexico increased by 8 percent in February, reaching 30,390 pesos per square meter, according to the Banorte Housing Price Indicator (INBAPREVI). Alejandro Padilla Santana, deputy general director of Economic and Financial Analysis at Banorte, pointed out that factors such as nearshoring, the rebound in tourism, and the economic recovery of 15 states contributed to the increase.
Amid a complex environment due to the threat of tariffs from the government of Donald Trump, who have imposed a 25 percent tariff on steel and aluminum from Mexico and other countries, it is crucial to seek regional integration to avoid impacting key sectors such as automotive, construction, and electromobility.
Regarding the distribution of prices by state, Mexico City leads with an average cost of 56,411 pesos per square meter, followed by Nuevo León and Jalisco. In contrast, Tamaulipas is the state with the most affordable housing, with a price of 16,777 pesos per square meter, closely followed by Morelos.
In the words of Alejandro Padilla Santana: "This 8 percent year-on-year can be explained by how it is distributed across each of the federal entities we have in the report; clearly, those entities that have components that have been much more resilient, such as private consumption and a dynamic labor market, have also allowed for that growth."
The residential sector will continue to face challenges due to the economic and political environment, making it necessary to take measures that promote stability and growth in strategic areas such as housing.
