Mexico City, one of the main cities in Latin America, has shown a robust luxury residential real estate market where multiple investors and developers converge with strengths in the design and construction of this type of property.

The entry of specialized marketers in the luxury segment, such as Sothebys International,

complements a wide range of brokerage services promoting various real estate projects. Polanco, Bosques de Las Lomas and Santa Fe are the areas where some of these developments are concentrated.

You can find departments that compete in quality of finishes, design and innovation with cities like New York, Chicago or Miami. In New York, a 225 square meter apartment with 3 bedrooms and two and a half bathrooms can be purchased at the emblematic Upper Side West corner on Second Avenue for $ 5.6 million. For the additional payment of 500 thousand and one million dollars, there is access to a warehouse and a second parking space, respectively.

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In the case of Polanco, Ruben Dario 255 built in 2017 and designed by the renowned architecture firm Sordo Madaleno, is a benchmark of modernity and luxury in the Mexican capital. Built on an area of 10,800 square meters, it consists of 122 apartments overlooking Paseo de la Reforma Avenue; it shows that despite having a large number of apartments on its 30 levels, a sophisticated and exclusive design with excellent safety standards can be conceived, surrounded by buildings with similar design characteristics and value per square meter.

An apartment in this area, on a middle floor with an approximate area of 383 square meters, 2 bedrooms and 2 bathrooms; it would reach a total price of 52 million pesos, approximately 2.6 million dollars. A larger area with 707 square meters would cost 130 million Mexican pesos, which would be equivalent to an estimated 6.5 million dollars.

Another emblematic building in the residential segment is Chapultepec Uno R509 built by Taller G and Grupo Arquitectoma, which manages to combine modernity with corporate luxury in a building that exceeds 55 levels and has become a new icon of the city. With 63 units ranging from 66 to 278 square meters, it achieves the average unit sales price of 262 thousand Mexican pesos per square meter, which corresponds to around 13.2 thousand dollars.

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Within the projects under development and existing buildings, there are characteristics that are standard and are part of the architectural profile of Polanco, for example, the height with an average of 3 to 4 levels above street level, wide fronts with large balconies, average areas of 200 to 400 square meters per level along with high security; all complemented with a wide endowment of public parking lots.

Newton 207, Eugenio Sue 58 and Tennyson 229 are some of the buildings within the wide offer that is traded in Polanco. The varied cultural, gastronomic and commercial offer of the city affects the preference that national and international demand show for this market; the advantage lies in the competitive price with respect to other cities such as Sao Paulo in Brazil or Miami in the United States, which will allow greater development of capital gains in investment in the future.