According to the Housing Price Index in Mexico, published by Sociedad Hipotecaria Federal (SHF), at the end of September 2021, the average price of a home, nationwide, was 1 million 350 thousand pesos; and the median price of 783 thousand pesos.

This represents an increase of 8.7% during the third quarter of the year (3Q2021), compared to the same period of the previous year. While, in the accumulated to September 2021, the appreciation of this was 7.6% compared to 2020.

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Likewise, SHF highlighted that the price of new housing had a variation of 7.2% during 3Q2021; while used housing had an increase of 8.0%. In addition, during this period there was a proportion of used homes of 61.3% and 38.7% of new homes.

Similarly, the SHF Index for single houses grew 7.8% and that of condominium houses and apartments appreciated 7.4%. Meanwhile, the price of social-economic housing had an appreciation of 8.6%; and that of average-residential housing increased 7.1% in the first nine months of 2021.

"The increase in house prices occurs in a macroeconomic environment in which GDP grew 4.6% in real terms in the third quarter of 2021, when compared to the same quarter of the previous year," said SHF.

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By metropolitan area, the agency indicated that, in the Valley of Mexico, the price of homes had an increase of 3.9%, driven by the residential and residential plus segments.

In the Guadalajara ZM, it increased 9.1%, due to an increase in the prices of homes with a bathroom; while in the Monterrey ZM the increase was 8.5%, mainly due to the increase in the price of homes in the social segments.

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