Preference for northern and coastal areas in home purchases for vacation
Obras Expansión | May 12, 2021 |

Vacation destinations on the beach, colonial, or in contact with nature, have become popular for people seeking to acquire a second residence, due to the pandemic situation that has been experienced for more than a year and the flexibility of work, he explains. Newmark real estate company.

"As a result of the health situation, sales of vacation homes have increased in a disruptive and contrasting way to the conditions that prevail in most sectors and industries of the world economy," said the company.

The companies that have made these purchases are those who have remained economically stable despite the pandemic and their solvency allows them to invest in additional assets.

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The purchase of a house, seen as a more solid investment in the face of the uncertainty of the development of the pandemic, has also pushed the decision.

“Real estate advisory agencies that refer to the purchase operation as an investment that can generate returns by incorporating it into lodging operation schemes such as the platforms that exist in the market today, have been points that have driven the acquisition of second homes or vacation ”, explained Pedro Delgado Beltrán, director of Hospitality for Newmark Mexico and Latin America.

The results of the housing units during the first quarter of 2021 point to a similar path. Homex, Javer, Cadu and Ara reported having sold fewer units, but at a higher price.

Read this: Developers have a rebound in home sales at the end of the first quarter of the year

Are you looking for something in the downtown area of Mexico City? In the Cuauhtémoc delegation there are several options for rent, there are prices from 5,000 pesos per month.


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