Foreigners continue to be the main buyers of residential properties in the state of Querétaro. Homes with a market value of 3.5 to 4 million pesos, according to the president of the Mexican Association of Real Estate Professionals (AMPI), Jaime Alcocer Durán.

Zibatá, El Refugio and Juriquilla are the most sought after areas for real estate buyers who come mainly from Mexico City and the metropolitan area of the State of Mexico.

Note of interest: Increase in contribution to Infonavit during the first quarter of 2021

On the other hand, industries with sources of work are concentrated in 73.5% in the Querétaro-San Luis Potosi and México-Querétaro submarkets, close to the residential demand areas in the city.

These real estate operations are carried out either for investment reasons or for the interest of coming to settle in the state, attracted in both cases by being an attractive destination due to the behavior of the investment and its economy in general, as well as the security issue.

Check here: Fovissste can grant loans of more than 4 million pesos for housing

The leader of Ampi, likewise reported that on average of every ten operations carried out in the local market, 60% corresponds to the sale of housing, whether new or used, and the remaining 40% is focused on rental negotiations.

He mentioned that although the Covid-19 pandemic has suffered in the real estate sector, a more conservative movement has continued, although not the desired one.

On this issue, he stated that derived from the health and economic crisis “there are people who are selling their own houses; there are many people who are offering their homes with the intention of healing their economy or starting a business and there is a lot of supply and as there is this offer, the buyers are the ones who are putting the conditions on the market ”, he concluded.

In Solili you can consult the Industrial Market Report of Querétaro to 2Q 2021

Original note