Mexico Real Estate - MND https://mexiconewsdaily.com/category/real-estate/ Mexico's English-language news Mon, 03 Jun 2024 23:24:26 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://mexiconewsdaily.com/wp-content/uploads/2022/10/cropped-Favicon-MND-32x32.jpg Mexico Real Estate - MND https://mexiconewsdaily.com/category/real-estate/ 32 32 Save on your energy bills with solar panels https://mexiconewsdaily.com/real-estate/save-on-your-energy-bills-with-solar-panels/ https://mexiconewsdaily.com/real-estate/save-on-your-energy-bills-with-solar-panels/#comments Mon, 03 Jun 2024 23:23:18 +0000 https://mexiconewsdaily.com/?p=347273 Solar panels offer homeowners the chance to sell their electricity back to the grid, while saving the planet at the same time.

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With the United Nations suggesting that we all need to transition to green energy sources, making the switch in Mexico is beneficial for both the environment and your wallet. In the upcoming decades, one of the objectives for countries and individuals alike will be self-sufficiency as a step towards creating a more sustainable world, aligning with Goal 7 of the UN Sustainable Development Goals: “Ensure access to affordable, reliable, sustainable, and modern energy for all.” 

Fifteen years ago, Ángel de la Torre González was a pioneer in solar panel installation in Tepatitlán de Morelos, Jalisco. He implemented this initiative not only to make his own household self-sufficient but also two of his dairy ranches.

Photo of a solar panel

Solar energy has one of the lowest environmental impacts among all available energy sources. (Creative Commons)

Today, these solar panels supply 90% of the electricity required to produce 3,200 thousand liters of milk per day on his ranch and 40% of the electricity needed to produce the 10 thousand liters generated by a collective barn he is affiliated with.

“In both cases, whether for my household or milk production, we recouped the investment within 5 years. The benefits are remarkable because, after that period, you are essentially self-sufficient; you consume what you produce, and it is financially advantageous,” he told MND.

As Ángel explains, another financial advantage of installing solar panels is the increase in the value of your property. Additionally, you can generate extra income by selling surplus energy through the net metering scheme. In Mexico, it is now possible to generate your own electricity using photovoltaic systems and then sell it to the Federal Electricity Commission (CFE) through three distinct compensation schemes. Furthermore, both corporations and individuals can benefit from tax deductions on the cost of installation.

Photo of a CFE employee
Working with the CFE can help you sell unneeded power back to the national grid. (CFE Nacional)

How can I find Solar Panel installation in Mexico?

Solar panel suppliers do not require a license from the Energy Regulatory Commission (CRE) as long as they adhere to the interconnection and cogeneration agreements with the CFE. You can therefore choose any company you feel will do a good job in installation.

There are numerous reputable brands available in Mexico, including Solarsol, Sydemex Solar, SunPower SAECSA, TrinaSolar, CanadianSolar, JASOLAR, QCELLS, GCL, FitSolar and Jinko.

While it is possible to install solar panels independently, it is often more convenient to employ a specialized company. Professional installers can assist with obtaining permits and navigating the procedures with CFE.

An agreement with CFE is established to enable you to connect your solar panel to the electric grid and monitor the balance between what you produce and what you consume. Requests can be submitted through the website.

Solar panel field
With sun all year round, Mexico is the perfect location to opt for solar. (CFE Nacional)

To sell your excess energy to CFE, you need to meet the following requirements: 

  1. Have a contract with CFE for an average low-voltage supply.
  2. Have solar panels installed on your property.
  3. The panels must adhere to CFE regulations: The power output of the source should not exceed 10 kW for residential use or 30 kW for commercial or business purposes.
  4. CFE must install a bidirectional meter to record both the energy consumed and the energy generated. This enables you to compare and receive compensation for the energy supplied to the grid.
  5. Sign a consideration contract.

More information about CFE requirements are available at their Customer Service Centers.

The three types of CFE contact

As mentioned previously, installing solar panels can be highly cost effective as you can typically recoup your investment within five years. To sell your excess energy back to CFE, there are 3 types of contracts available:

Solar panel in Mexico
While the cost of installation can be offputting, costs are usually recouped within the first 5 years of operation. (La Bodega Solar)
  1. Net Metering of Energy. Allows the customer to consume and generate energy under the same supply agreement. The energy generated is deducted from your consumption.
  2. Net Billing. Allows the customer to receive energy from CFE independently of the energy that the customer generates and sells back to CFE. The energy generated is not subtracted from your consumption.
  3. Total Energy Sale. The customer sells all the energy produced to CFE. There is no supply contract between the customer and CFE.

How much does installation cost?

How much do solar panels cost in Mexico in 2024? According to supplier websites, the cost of panels for an average house is around 50,000 pesos (US$2,830) and the recommendation is to opt for panels that provide more power, even if they are more expensive.

The benefits of installing solar panels

The financial benefits of installing solar panels are undeniable: “In my 15 years of experience with solar panels, the results have been overwhelmingly positive. I highly recommend them for both residential and commercial purposes,” says Ángel.

And for the environment, there are 3 major long-term benefits:

Energy independence: In a country like Mexico, where the sun is available practically all year round this goal is entirely achievable.

Carbon footprint reduction and green energy: Solar energy does not emit greenhouse gasses, thus it does not contribute to global warming. While no energy source, including renewables, is completely free of environmental impact, solar energy has one of the lowest environmental impacts among all available energy sources, according to the International Renewable Energy Agency (IRENA).

Any questions about how to go about getting solar panels installed in Mexico? Feel free to leave a question in the comments!

Ana Paula de la Torre is a Mexican journalist and collaborator for various outlets including Milenio, Animal Político, Vice, Newsweek en Español, Televisa and Mexico News Daily.

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Why you should consider a retirement home in Mexico https://mexiconewsdaily.com/real-estate/why-you-should-consider-choosing-a-retirement-home-in-mexico/ https://mexiconewsdaily.com/real-estate/why-you-should-consider-choosing-a-retirement-home-in-mexico/#comments Wed, 29 May 2024 18:25:23 +0000 https://mexiconewsdaily.com/?p=338520 Thinking about retiring to the sun, but searching for a residence that can accommodate your needs? Look no further than Mexico.

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If you imagine the perfect place to retire, what comes to mind? For most people, beauty, nature, creativity, nice people, cleanliness, safety, and comfort are all important considerations. Retirement homes in Mexico offer all of these — and more.

Specialized guides like Condé Nast Traveler list Mexico as one of the best places to retire. The country is increasingly filled with dream options that combine its best qualities while offering a heavy dose of luxury living. Options such as cohousing are also becoming an attractive choice for people who want to live with privacy but at the same time enjoy the psychological and emotional benefits of living in a community. As a result of this demand, Mexico is increasingly creating groundbreaking retirement projects focused on collaborative housing specialized for the needs of modern life.

But what is really on offer if you are considering making Mexico your retirement destination? Here are some of the best retirement homes currently available for those looking to move: 

Belmont Village, Mexico City

The Belmont Village is the perfect fusion of luxury living and ideal location. (Belmont Village)

The Belmont is located in Santa Fe, one of the most exclusive areas of Mexico City. This luxury condominium tower offers the possibility of independent living, specialist care and Alzheimer’s specialists. On the first floor, you’ll find shops and restaurants, a signature dining room, an all-day bistro, a full-service salon and a professionally staffed fitness center. Additionally, there is a library and even an on-site chef.

“Basically, it is an all-inclusive hotel concept, with services, facilities, and activities available from 11 a.m. to 6 p.m., such as painting, yoga and gym,” The Belmont explained to Mexico News Daily.

“We offer two programs tailored to the cognitive state of our residents, with 4 levels of attention, as well as a medical area with 24-hour services. We also provide a free chauffeur service that can take residents within a 5 km radius, whether it be to the beautiful La Mexicana park or the shopping center in Santa Fe, or wherever they prefer.”

Most importantly, there is a pedestrian bridge connecting the tower to the emergency room of the ABC Medical Center, and 24-hour medical and specialized care services are available on-site.

Le Grand Senior Living, Huixquilucan, Estado de México

Le Grand retirement home bedrooms
Find the perfect balance between city and country living in leafy Huixquilucan, on the edge of the capital. (Le Grand)

Le Grand, located on the edge of Mexico City in tranquil Huixquilucan, prioritizes an “Active Living” approach. They promote a meaningful, quality experience based on happiness through neurostimulation, physical and emotional care, motivation, well-being, socialization, life purpose, and legacy. Residents at Le Grand can enjoy a diverse range of activities, including communication and public speaking, acting and comedy, music therapy, reading circles, crafts and concerts. The facility also aims to promote the personal autonomy of older adults. 

Huixquilucan, where the facility is located, is known for being highly exclusive. It is surrounded by popular destinations such as the Interlomas Shopping Centre and Paseo Interlomas, both of which offer a wide range of shops, restaurants, and amenities for residents to enjoy a relaxing stroll.

The Gardens of Mazatlán

Gardens of Mazatlán retirement home in Mexico
The Gardens of Matzatlán offer the chance to retire in comfort on the shores of the Pacific ocean. (Gardens of Mazatlán)

Retire in style with the Gardens of Mazatlán. The retirement complex has an onsite chef who prepares meals according to each resident’s individual preferences. When it comes to healthcare, every floor of the building has its own dedicated nurse to ensure the best care is always available. The Gardens also offer emotional support and lifestyle activities. Pets and plants are also allowed!

The suites come with a delightful ocean view, allowing residents to take in the stunning Pacific sunsets in all their glory. Mazatlán is an ideal choice for senior expats seeking a place to enjoy their retirement due to its proximity to the border, natural beauty and pleasant weather, with an average annual temperature of 25 degrees Celsius (78 F). The town also has over 50 miles of beaches. One of the main attractions of The Garden of Mazatlán is the surrounding beauty, including the historic downtown area, the Mazatlán Lighthouse, the picturesque Malecón (considered the largest in Mexico and one of the largest in the world), the impressive Aquarium, opportunities for whale watching, the renowned Witches’ Beach, the Mazatlán Marina, and much more.

Cielito Lindo Senior Living, San Miguel de Allende

YouTube Video

With beautiful facilities, including a pool, this place is known for adapting its activities to the personal needs and preferences of its residents, offering options such as tennis, thermal pools, a gym, and other amenities. They also have specialists in medical and cognitive conditions, including dementias such as Alzheimer’s, Parkinson’s, Multiple Sclerosis (MS), Vascular Dementia, Aphasia, and others.

Undoubtedly, one of the best features of this property is its location — in beautiful San Miguel de Allende. The city has been consistently voted as the Best Small City by Condé Nast Traveler for several years. It is a top choice for expats and tourists worldwide due to its climate, rich history, vibrant colors, cleanliness, and safety. 

Edén, Cuernavaca

Edén retirement home in Cuernavaca
In the land of eternal spring, Edén really feels like a little piece of… well, Eden. (Edén Residencia)

This place feels like a vacation, with 56 suites and an on-site chef. Edén aims for the perfect balance of emotional, mental, and physical health. Staff include specialists such as gerontologists, psychologists, therapists and orthopedic surgeons. The home also offers services such as mental gymnastics, physiotherapy and rehabilitation, holistic massage, social integration activities, board games, yoga, Chi-Kung, laughter therapy, singing classes, reading circles and much more.

“Cuernavaca is a great place for the elderly because of several qualities,” explained José Alberto Benítez, Edén’s commercial director. “The city boasts one of the best climates in the world due to its altitude, which is highly beneficial for the cardiovascular system.”

“We emphasize a holistic approach that promotes stimulation for our residents, as we aim for them to enjoy fulfilling lives through various forms of care.” Benítez continued. “We provide holistic care because we believe that the human being requires diverse types of care.” 

Alicia’s Convalescent Nursing Home, Ajijic

Alicia’s Convalescent Nursing Home
The result of a 30-year dream, this retirement home is every bit as caring as Alicia herself. (Alicia’s Convalescent Nursing Home)

The extraordinary story of this project begins with Alicia. After 30 years of service, the experienced geriatric nurse decided to open her own residential home for retirees. Now, Alicia operates 4 homes in La Floresta, Ajijic, a peaceful area that is totally surrounded by nature. All four homes are decorated with immaculate taste, and feel like an authentic Mexican country house. In terms of care, a staff of nurses and maids are available to take care of clients. The houses are designed for ambulatory guests and are fully equipped with a kitchen, laundry, and other facilities for group living.

Ajijic, situated on Lake Chapala, has emerged as one of the most sought-after Pueblos Mágicos in Jalisco. Renowned for its murals, cobbled streets, restaurants, galleries, clothing stores and cafes, it is an ideal destination to savor the pleasant weather, tranquility, and enchanting ambiance of the small town. 

Dämadi, CDMX

Dämadi retirement home in Tlalpan
Mexico City living can be yours, with these modern, stylish group homes on the edge of the capital. (Dämadi)

Dämadi operates several different locations across the capital, including the southern suburbs of Tlalpan and El Pedregal. The activities on offer are varied and include gardening, yoga and therapeutic gymnastics, art, technology, spirituality, spa and aromatherapy. Aspiring cooks can work alongside the chef to create breakfasts, meals, desserts, and snacks. Dämadi also offers 24/7 medical care, physiotherapy and beauty services such as manicures, podiatry, hairstyling, and makeup. Residents will never be bored here.

The Jardines del Pedregal neighborhood is a stunning area filled with work by renowned architects Luis Barragán and Max Cetto. This neighborhood is famed for its collection of beautiful designer houses dating back to the 1950s, set in the picturesque south of Mexico City. 

Tips for choosing the best retirement home  

One important factor to consider when choosing a retirement home is to look for references. The experiences of others are key to getting an idea of the quality of the place. Another aspect to consider is the institution’s vision of care for the elderly. It’s important to remember that people are aging later in life, and places must adapt to this new reality by providing spaces and services that make residents feel free and alive.

Always visit the facilities before making a decision, and remember that green spaces are essential for quality of life. Cleanliness is important, but also consider the overall atmosphere – do people seem happy?

Are there any other places that you would recommend?

Ana Paula de la Torre is a Mexican journalist and collaborator for various outlets including Milenio, Animal Político, Vice, Newsweek en Español, Televisa and Mexico News Daily.

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The insider’s guide to investing in real estate in Monterrey https://mexiconewsdaily.com/real-estate/the-insiders-guide-to-investing-in-real-estate-in-monterrey/ https://mexiconewsdaily.com/real-estate/the-insiders-guide-to-investing-in-real-estate-in-monterrey/#comments Tue, 14 May 2024 18:38:06 +0000 https://mexiconewsdaily.com/?p=341782 Spread majestically between mountains and modernity, Mexico's second city is the perfect place to consider making real estate investments.

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I take great pride in my upbringing in Monterrey, Nuevo León. Renowned for its perennial sunshine and industrial prowess, Monterrey’s majestic mountain backdrop holds a wealth of cultural and natural treasures. As one of Mexico’s primary urban centers, the city proudly preserves its colonial heritage alongside its surviving biodiversity. There is a fervent soccer culture, with locals passionately supporting Tigres and Rayados, two of Mexico’s most successful teams. Monterrey also embraces culinary traditions like carnes asadas (barbecues) for special occasions and maintains strong cultural ties with the neighboring United States. All of these factors make Monterrey real estate some of the most attractive in the country. 

On the cultural side, Monterrey has also fostered some of Mexico’s most iconic musical talents. Rock legends like Ely Guerra, El Gran Silencio, and Inspector hail from the city. The music scene is also no stranger to internationally acclaimed artists like Gloria Trevi and Celso Piña.

The Monterrey skyline is growing almost as fast as the local economy. (Samuel García/Facebook)

I would love to share the insights that I believe encapsulate Monterrey’s essence. So without any further delay, here is a regia’s insider’s guide to her vibrant home city. 

The historic center 

Monterrey’s historic center is undoubtedly my favorite spot in town. It is a focal point of cultural significance where visitors can easily spend a couple of days immersed in its captivating corridors. A recommended starting point is Barrio Antiguo, known for its meticulous preservation of colonial architecture.

For an unforgettable culinary experience, Trece Lunas on Calle Abasolo stands out for its slow-cooked delicacies, rustic ambiance, and generous portions. Hear me out—I have had the best chilaquiles of my life at Trece Lunas. You have got to check them out. Once you’ve tried those, I recommend a stroll down Morelos Street, where you can visit well-stocked record stores (believe me, you’ll find true gems here), antique boutiques, bars with live music, and great restaurants like Me Muero de Hambre.

If you’re looking for a quick coffee and pastry, I would definitely go for Café Pressente, Black Café, or Coffee Berry Borer on Diego de Montemayor Street. All three of them offer rich and delicious options for coffee enthusiasts, as well as a unique pastry selection you cannot miss.

Monterrey’s Barrio Antiguo offers a glimpse of history amid a modern metropolis. (El Barrio Antiguo de Monterrey/Facebook)

Art and nature in the historic center

If you’re into the art scene, a great place to visit is the Contemporary Art Museum (Museo MARCO). The museum itself is an architectural marvel designed by the esteemed Luis Barragán. There has not been a single visit to Monterrey that I have not visited MARCO, one of the city’s longest-standing attractions. This institution hosts captivating exhibitions featuring artists including Diego Rivera, Leonora Carrington, and Pablo Picasso, complemented by panoramic views of Monterrey’s most iconic natural landmark, el Cerro de la Silla (named for its resemblance to a horse saddle).

Equally important is the Museum of Mexican History, which houses the most important historical exhibition in northern Mexico. If you want a peek into everyday life in pre-Hispanic and colonial Mexico, this is the place to be. If you’re a remote worker like me, you’ll find a beautiful and quiet work environment at the Citizen Culture Lab (LABNL). This space is housed in a century-old art deco building, offering naturally lit workspace options and a comfortable library with an expansive range of topics.

For outdoor enthusiasts, Parque Fundidora is a fantastic opportunity to have fun on its expansive grounds, once the site of a steel factory pivotal to the city’s industrial growth. My personal favorite activity is renting a bike to explore the park’s picturesque trails. Also take time to admire the factory’s standing towers, and enjoy unique views of the city.

Nightlife

To culminate the Historic Center experience, indulging in a bout of bar hopping along the Corredor del Arte in Barrio Antiguo, with a final stop at Café Iguana, promises an evening steeped in Monterrey’s musical heritage. If you visit this bar, you’ll soon discover that coffee isn’t sold here, despite its name. It does, however, have a 30-year history of hosting musicians from all over the world. Many of the city’s most successful artists began their careers in this legendary cultural center.

Parque Fundidora, the sprawling central park that provides relaxation for Monterrey’s millions of inhabitants. (Cande Westh/Unsplash)

For a lighter dining experience, La Divina offers delectable regio-style steak at reasonable prices, while Botanero Moritas presents a plethora of culinary options to suit all kinds of palates. I promise you can’t go wrong with either one of these options.

If you’re interested in a real estate opportunity near the Historic Center, I suggest the newer apartment buildings on Avenida Constitution. The Puntacero building is a great option for a beautiful view of the cerro, and prices in the area range from US $160,000 up to US $530,000.

San Pedro Garza García 

While Monterrey is technically a single municipality, its Metropolitan Area comprises 13 municipalities. These include the affluent enclave of San Pedro Garza García, renowned as the wealthiest town in Latin America.

Nestled beneath the imposing Sierra Madre Oriental mountains, San Pedro is home to Chipinque National Park, a sanctuary for diverse flora and fauna. You can go up any of its enchanting hiking or cycling trails for a different view of the city. If you’ve got kids with you, there’s a fun section with games, slides, and picnic tables for them to enjoy.

Latin America’s most prosperous town is the perfect place for a new home in Mexico. (San Pedro Garza García/Facebook)

Shopping and history in the area

If you’re in town on a Sunday, you can always check out the famed San Pedro de Pinta, a space organized by local authorities along Calzada del Valle and Calzada San Pedro, the town’s biggest avenues. This is a great place to check out some boutiques and shops. Those inclined to activity can walk the dog, ride bikes, or go shopping for local crafts. 

Now, San Pedro’s newest attraction (set to open on May 18th of this year) is the La Milarca Museum. Curated by former mayor Mauricio Fernández, La Milarca is expected to showcase artifacts ranging from conquistador Hernán Cortes’s sword to fossils significant to the region’s history. 

If you’re interested in looking for real estate on this luxurious side of town, you should talk to your real estate agent. Traffic patterns around the options you’re considering can have a significant impact on your schedule. Apartment prices go from $250,000 USD to $5,500,000 USD. The average value per square meter in San Pedro is around US $4,071.

When it’s time to unwind and check out San Pedro’s nightlife, you can find Centrito Valle on Río Mississippi Street, a buzzing neighborhood with bars and clubs for all kinds of music tastes. If you’re into the rock scene like me, I strongly recommend Major Tom on Río Orinoco, parallel to Río Mississippi.

This is just one taste of Monterrey, a city whose reputation as an industrial powerhouse belies its rich cultural tapestry. I hope exploring these spots in town makes you love the city as much as I do. 

Ceci Valdés is a lawyer who grew up in Monterrey and has lived in Mexico City since 2013. She is passionate about the Mexican culinary and music scene, taking great pride in her country’s cultural contributions to the world.

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The insider’s guide to investing in real estate in Mérida https://mexiconewsdaily.com/real-estate/the-insiders-guide-to-investing-in-real-estate-in-merida/ https://mexiconewsdaily.com/real-estate/the-insiders-guide-to-investing-in-real-estate-in-merida/#comments Thu, 09 May 2024 16:47:06 +0000 https://mexiconewsdaily.com/?p=338968 The sunny Yucatán capital is home to some incredible neighborhoods - where in the city will your next property be located?

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Mérida, the vibrant, sweltering capital of the state of Yucatán, is currently experiencing a booming real estate market, attractive to local and foreign investors alike. Potential buyers are lured by the city’s cultural wealth, its ranking as the safest city in the safest state in Mexico and its proximity to the Mayan ruins, cenotes, and beaches that highlight the peninsula.  As a result, Mérida real estate is proving to be extremely desirable for those seeking a new life in the sun.

With over 1 million residents and counting, Mérida retains a uniquely yucatense charm, with a vibrant cultural scene and a slower, almost pueblo-like pace when compared to other similarly-sized Mexican cities. Expat immigrants in Mérida typically cite its colonial architecture, dynamic culinary scene, and proximity to other attractions (such as cenotes and beaches) for their choice.

So, where are the most attractive neighbourhoods in the city found?

The charming colonial center of Mérida is amongst the most pleasant in all of Mexico. (Elelicht/Wikimedia)

Mérida’s Real Estate Landscape

Mérida’s central district, known as Centro has a strong claim as the most beautiful in Mexico. It is home to colonial architecture, incredible food, culture and nightlife. As beautiful as the area is, however, most long-term residents prefer to live outside of the traffic snarls and parking issues of the downtown. 

Heading north from Centro, Mérida’s most famous street is the Paseo de Montejo, a beautiful, leafy artery. The avenue is lined with hip shops, restaurants and seventeenth-century palacios of the era’s agricultural barons. 

Keep heading north from Montejo and you encounter some of Mérida’s most desirable neighborhoods where you can find modern homes, easy parking and access to the best schools and higher-end shopping.

Also of note: The Mérida Norte area boasts some of Yucatán’s most modern hospitals, such as Star Médica and El Faro de Mayab.

Which suburbs are best for real estate in Mérida?

If you’re looking outside of Centro, there are many suburbs that can offer your a luxurious life in the Yucatán sun. (Mike Juarez/Unsplash)

Some of the neighborhoods of note in this area include: 

  • Montebello. A tranquil residential area known for its tree-lined streets and upscale homes, a world away from the bustle of the centro.

Price range US$175,000 to $474,000

  • Altabrisa. A lively residential and shopping area characterized by modern amenities and high-end living options.

Price range: US$295,000 to US$1.2 million

  • Montes de Ame. A family-friendly neighborhood with a mix of parks, schools, and shopping.

Price range: US$150,000 to $350,000

  • Temozón Norte. A rapidly-growing area with easy access to the infrastructure and amenities of all the northern areas of Mérida.

Price range: US$240,000 to $700,000 for larger estates. 

  • San Ramón Norte. A blend of the old and the new, where the buyer can find a mix of modern residences and restored colonial buildings.

Price range: US$120,000 to $300,000

City limits

Further north, outside of the periferíco (a freeway that rings the city), you have a chance to spread out on a bigger-sized lot as much of what was once farmland has been taken over by modern townhouse developments and houses with small lots. The east, south, and far west of the city are places where you can find far more economical properties that still retain an authentic charm, though these areas see far less foreign investment. For those in search of the idea “fixer-upper” this area is perfect, as many of the charming colonial homes of Centro have been renovated according to the views of previous owners. 

Insider tips for investors

Finding your ideal property is one thing, but what else can you do to make your Mérida dream a success? (Alan Morales/Unsplash)

The adjustments for expats in Mérida are similar to the adjustments that come with life in other Mexican cities.  

“Building connections within the local community is key to finding your dream home in Mérida,” says James, 34, a longtime Mérida transplant. “Engage with expat groups [and] local real estate agents and fellow residents to gain valuable insights and recommendations.” 

“It is important to understand your and your family’s priorities before making a purchase,” says Ryan, 53.  

Mérida is an exceptionally safe city with a wide selection of international bilingual schools for youngsters. One thing to consider, however, is that Yucatan’s flat topography means there is little in the way of views here. Unless you count gazing westward at sunset and drinking in the rich patina of cotton-candy-colored skies, there are no homes with views — unless one finds a third-floor-or-higher condo. 

Local Meridana Andrea Campos is a real estate agent in the city. She advises potential buyers to find an agent with experience abroad or with foreigners.

Buying through a licensed realtor can provide expert local knowledge, legal security and the best chance of securing the Mexican home you’ve always wanted. (Ruben Hanssen/Unsplash)

“And read their CV carefully to make sure they have relevant education — such as a master’s in real estate development or [something] similar — so you know you’ll be getting a higher standard of service.” 

According to Campos, a big help for many is contracting a “personal shopper” who can do much of the legwork in finding properties and adapting to the needs of a foreign buyer. 

Why choose Mérida?

Mérida, in general, is a welcoming place for expat residents, but it is important to be aware of a few potential challenges to making a move here. The heat, for one, is punishing, and potential residents should be prepared to bear it year-round. Another challenge is the daily traffic, as Mérida is a growing city and lacks the infrastructure to handle so many daily drivers. The local government is making efforts to alleviate the problem with electric bus services

There is a lack of topographic scenery, and a lack of opportunity to surf, as the ocean holds no more swell than a ripple. The windy conditions are ideal for kitesurfing, however, and most days, one can spot the harnessed riders silhouetted against the sunset, tearing across the choppy water of the gulf. 

Mérida remains a popular hotspot for real estate investment, not just for expats but also for Mexicans fleeing the hustle and bustle of cities like Monterrey, Guadalajara and Mexico City. The lifestyle here is undeniably attractive for expats: vibrant culture, friendly locals, plenty of sunshine, well-connected flights, a surfeit of local tourist attractions and superlative regional food. 

Look past the heat, the flat landscape, and the flat water of the beach, and you’ve found yourself a slice of paradise. 

Stewart Merritt is a professor and freelance writer based in Mérida. A native of California, he has been visiting Mexico his entire life, especially the Pacific coast, where he likes to surf. This summer he will marry his Yucatecan fiancé.

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How can I make my Mexican pool eco friendly? https://mexiconewsdaily.com/real-estate/how-can-i-make-my-mexican-pool-eco-friendly/ https://mexiconewsdaily.com/real-estate/how-can-i-make-my-mexican-pool-eco-friendly/#comments Wed, 24 Apr 2024 20:16:16 +0000 https://mexiconewsdaily.com/?p=327326 With environmental concerns more important than ever, here's how to make sure your Mexican swimming pool is clean, efficient and eco friendly.

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When picturing eco-friendly pools, you may envision a natural or “bio” pool, free from chemicals and beneficial to the environment. These stylish and beautiful water features are undeniably one of the most popular emerging trends in sustainable architecture today. However, eco-friendly pools can take various forms and aren’t always as easy to install and operate as we might like.

A truly eco-friendly pool should be efficient in terms of water efficiency, energy usage, water recycling, materials, and reducing carbon footprint. Managing to do all this can be quite the challenge, however.

Keeping your pool eco friendly is more than a matter of which chemicals are used in cleaning. (CC)

But what are the factors that truly make a pool green?

Water efficiency: An eco-friendly pool will significantly reduce water consumption through the use of filtration and recirculation technologies, water treatment, and disinfection systems. One of the most notable benefits of eco-friendly pools in terms of water efficiency is their ability to conserve water, reducing the need for frequent water changes, which is vital in a drought stricken country like Mexico. Additionally, these pools minimize water loss through techniques such as covering the pool when not in use to reduce evaporation, utilizing rainwater harvesting systems for filling or topping off the pool, and implementing advanced filtration systems that require less maintenance.

Electricity: Lighting, filtration, water recirculation, water treatment, disinfection and heating and cooling a pool require energy. When it comes to lighting, LED lamps are a great option as they can reduce energy consumption by up to 97% compared to halogen bulbs. Using variable speed pumps for water recirculation can save up to 65% of electricity usage by adjusting the pump speed based on the pool’s actual needs. For water treatment, methods like neolysis, which combines salt electrolysis with ultraviolet radiation for efficient and sustainable water treatment, are effective ways to reduce chemical usage. Additionally, using sand or glass as filter media can provide greater efficiency and savings.

Recycling and materials: Options such as container pools, made from large rectangular transport containers, are a trending choice for functional pools. Prefabricated modular panels and stainless steel pools are also good choices due to their reusability and recyclability.

Modern technology has made it easier than ever to clean your pool. (Piscinas ecológicas México).

Green Carbon: Opt for using local companies and materials and inquire about the carbon footprint of the supply chain behind the construction of your pool.

Ways to ensure an eco-friendly pool in Mexico

Before sharing some options for creating your eco-friendly pool in Mexico, we want to introduce the main types of green pools available in the market so that you can choose the best one for your space.

Type 1

High-tech water treatment pools:

These pools utilize advanced technology in various aspects, particularly for water treatment. They often incorporate UV technology processes, nanocrystals and free radicals, according to sustainable construction company Arquitectura Verde. Additionally, modern technology is much more energy efficient, meaning that less power is needed to operate.

Type 2 

Bio pools:

Bio pools are essentially natural pools that utilize plants to purify the water. This option is extremely environmentally friendly as it requires minimal cleaning, typically a few times a year, and has almost zero maintenance; you will only need to remove leaves, which can be done once a week. The need for separate areas for swimming and the natural cleaning system does necessitate a space of at least 40 square meters, making it unsuitable for smaller spaces.

No matter where you are in Mexico, there are plenty of businesses that can help you get the perfect eco pool. (CP Hoffman)

If an eco friendly pool interests you, there are a number of Mexican companies who can help make your dreams a reality:

Alsec

With distributors in places like Mexico City (CDMX), Nuevo León, Oaxaca, San Luis Potosí, and Quintana Roo, Alsec has over 45 years of experience and has been creating eco pools for decades.

Arq Cast Construcciones

Based in Mérida, Yucatán, Arq Cast offers construction services for conventional pools, with a focus on resource efficiency, as well as natural pools with beautiful designs.

Piscinas Ecológicas Cancún

This Cancún based firm offers both types of pools: eco friendly pools and bio pools. They have the expertise to design the best solution for your spaces with maximum efficiency. Run by an architect, Piscinas Ecológicas Cancún put a lot of focus on landscaping.

Biopiscinas Ameyalli

Biopiscinas Ameyalli are built under the Austrian patent registered in 1987, and applied in thousands of bio pools in Europe. Founded as Biopiscinas Tepoztlán, they now offer their products all over Mexico, thanks to a dedicated team of professionals.

Considering the environment and your budget, eco-friendly pools are a great option that offers comfort and beauty. They provide various benefits, such as regulating the temperature in your space and enhancing your daily life.

Which type of pool do you prefer?

Ana Paula de la Torre is a Mexican journalist and collaborator for various outlets including Milenio, Animal Político, Vice, Newsweek en Español, Televisa and Mexico News Daily.

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Discover the work of Mexico’s greatest architect through the Barragán Route in Guadalajara https://mexiconewsdaily.com/real-estate/discover-the-work-of-mexicos-greatest-architect-through-the-barragan-route-in-guadalajara/ https://mexiconewsdaily.com/real-estate/discover-the-work-of-mexicos-greatest-architect-through-the-barragan-route-in-guadalajara/#comments Tue, 23 Apr 2024 14:36:08 +0000 https://mexiconewsdaily.com/?p=331455 Barragán's iconic aesthetics made him a revolutionary architect, with his timeless designs epitomising 20th century Mexico.

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Bold colors, straight lines and clean walls. These are some of the key features used by Luis Barragán, one of the most prominent architects of the 20th century who revolutionized Mexican architecture of the time.

Today, Barragán’s iconic collection of homes is symbolic of Mexico’s coolest neighborhoods, with many becoming art galleries and hotels as his legacy of simple design lives on.

Casa Orozco Barragán
Casa Orozco (Casa Orozco)

Who was Luis Barragán?

Born in Guadalajara, Jalisco, in 1902 to a prosperous Catholic family of hacendados (landowners), Luis Barragán is the only Mexican to have won the Pritzker Prize, the highest award given to an architect.

Although his international fame came after he settled in Mexico City, where he lived until his death in 1988, his early life in Guadalajara and the time spent in his family’s haciendas in the countryside played an essential role in shaping the architect’s style. 

“My work chronicles my father’s ranches during my childhood and adolescence. I strive to modernize them while preserving the enchantment and nostalgia of the past,” Barragán once said.

“The lessons contained in the popular architecture of the Mexican provinces have been a source of permanent inspiration for me: its whitewashed walls; the tranquility of its patios and orchards; the color of its streets and the humble grace of its plazas surrounded by shady portals.”

The simplicity of provincial Mexico was a major inspiration for Barragán. (Casa Estudio Luis Barragán/Facebook)

His travels in Europe also influenced his work. After graduating as a civil engineer and architect in 1923, he journeyed for two years through the continent, learning about the prevailing urban and architectural planning of the time. 

In Paris, he was introduced to the Art Deco movement, and while in Granada’s Alhambra, he recognized characteristic elements of Mexican architecture, such as high walls, small windows, interior gardens, and inward-facing houses.

Upon returning to Mexico from Europe, Barragán’s style flourished in the homes he designed in Guadalajara between 1927 and 1934, during the early years of his career, largely as a response to the popular Tapatío design movement of the time. 

While not internationally renowned, these residences established the aesthetic that would later be apparent in Barragán’s further works — a style that would later earn his Mexico City residence, Casa Estudio Luis Barragán, recognition as a UNESCO World Heritage Site.

The list is organized in chronological order. If you would like to walk the route and see these buildings for yourself, follow our guide to the Barragán Route.  

The Barragán Route

Here is a list of Baragán’s most memorable designs in Guadalajara, known as the Ruta Barragán. Most are in or close to the Colonia Americana, voted Time Out’s 2022 “coolest neighborhood in the world.” 

Casa Robles León, 1927

MADERO 607Casa Robles León
Casa Robles León, Barragán’s first house. (RevisionesGDL)

Barragán’s first project was restoring a private residence on Madero Street, owned by Emiliano Robles León.

Even though it was a renovation of an existing property, Luis Barragán, who was only 25 years old, started to showcase his distinctive style in this house.

The house’s exterior boasts eclectic architectural features from the 19th and 20th centuries, while the interior features Moorish and Mediterranean elements in the stairs, new arches and roof. The design also draws inspiration from Ferdinand Bac’s work.  

Robles León commissioned more work from young Barragán, helping him develop his talent before settling in Mexico City.

 

Casa González Luna, 1928

Casa Gonzalez Luna Barragán
The Moorish inspired Casa Gonzalez Luna is now a cultural center. (Wikiarquitectura)

In 1929, Barragán received a commission to design the residence of Efraín González Luna, a prominent Mexican lawyer and politician in Guadalajara.  

The house is particularly noteworthy for its spaciousness combining Arab and Andalusian elements with inspiration from local architecture. This house reflects Barragán’s early exploration using the placement and sizing of openings to create intimacy.

Declared an Artistic Monument of the Nation by the Ministry of Culture (Conaculta) and the National Institute of Fine Arts (INBA) in 2006, the house is now the Casa ITESO Clavigero Cultural Center.

Casas Robles Castillo, 1928

Casa Robles Castillo
Casa Robles Castillo was the first complete design built by Barragán. (RevisionesGDL)

One of the architectural gems of Guadalajara, this residence at the corner of Vallarta Avenue and Argentina Street was the first house built by Barragán. He designed it in 1926 — he was 24 years old — and completed it in 1928. It includes two houses, which Robles Castillo commissioned for rental purposes.

The property was declared a Building of Relevant Artistic Value in the Cultural Heritage Inventory of Jalisco and showcases the fundamental principles of Barragán’s work. 

Through this design, Barragán distanced himself from the trend of designing French-style estates that had been prevalent since the late 19th century and instead incorporated Mediterranean design elements blended with features of Mexican architecture and locally sourced materials. 

Casa Cristo, 1929

Casa Cristo Barragán
Casa Cristo was built for the president of Guadalajara. (Barragán Foundation)

In 1929, Gustavo R. Cristo, then municipal president of Guadalajara, commissioned Barragán to build his house. 

Casa Cristo is known for its striking Moorish-style designs, characterized by bold colors, stylized arches and the prominent use of tiles on walls, ceilings, and cornices. This early work of Barragán is notable for his mastery of color and light, and the seamless continuity of exterior and interior spaces from the porch to the rooftops.

Casa Cristo currently serves as the headquarters of the College of Architects of the State of Jalisco.

Casa Franco, 1929

Casa Franco Barragán
Lovers of Barragán’s work can now stay in Casa Franco, which operates as an Airbnb. (Airbnb)

This house, situated in Colonia Americana, is one of Barragán’s most Moorish-influenced works, which can be seen in the design of the doors, carpentry and patios. The superb control of light, one of Barragán’s staple aesthetics, is also notable in this residence.

If you want to take the opportunity to stay in the Casa Franco, it is now an Airbnb.

Casa Estudio José Clemente Orozco

Casa Orozco Barragán
Casa Orozco. (Casa Orozco)

This is Barragán’s most modern house in Jalisco’s capital, designed for muralist José Clemente Orozco.

Featuring a small raised front garden, this property creates a subtle but decisive separation from the sidewalk to create intimacy, a distinctive feature of Barragán’s work. 

Casa Orozco is a great work of modern architecture said to have been a creative collaboration between two of Jalisco’s greatest artists — Orozco and Barragán.

 The house is currently the home of the Sala Silenciosa Gallery. 

Casa Robles León, 1934 

Casa Robles León, 1934 Barragán
Casa Robles León, Barragán’s final major work before his move to the capital. (RevisionesGDL)

Commissioned by Robles León as well, this house faces Parque Revolución, which was also designed by Barragán (although it has since been partially demolished). 

Casa Robles was one of the last residential works of Barragán in Guadalajara before he moved to Mexico City. 

Other notable works by Barragán

Barragán helped design several public spaces in Guadalajara, including the Calvario Temple in Jardines del Bosque, for which he refused to take credit because it was built with alterations to Barragán’s original project.

Barragán primarily worked in Mexico City, Guadalajara, Monterrey and other cities across the country. He has additional works in the United States in California, Florida, Texas, New York and Illinois.  

Gabriela Solis is a Mexican lawyer turned full-time writer. She was born and raised in Guadalajara and covers business, culture, lifestyle and travel for Mexico News Daily. You can follow her lifestyle blog Dunas y Palmeras.

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Guadalajara ramps up construction of industrial space to meet nearshoring demand https://mexiconewsdaily.com/real-estate/guadalajara-ramps-up-construction-of-industrial-space-to-meet-nearshoring-demand/ https://mexiconewsdaily.com/real-estate/guadalajara-ramps-up-construction-of-industrial-space-to-meet-nearshoring-demand/#respond Wed, 17 Apr 2024 18:21:55 +0000 https://mexiconewsdaily.com/?p=329226 Nearshoring is driving an industrial real estate boom in the Guadalajara area, where 102,000 square meters of new space became available in Q1.

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To meet the growing demand for industrial real estate space, the city of Guadalajara, Jalisco, has increased its supply by 50% in the first quarter of 2024, according to a report by real estate data platform Solili.

Compared to the first quarter 2023, Guadalajara added 102,000 square meters of new industrial space, of which 70% is currently vacant. 

The real estate fund Meor, which specializes in industrial parks, predicts a demand of up to 13 million square feet in industrial space in the next five years. (Meor)

According to Solili, the average rental price per square meter in Guadalajara in 2024 is US $6.40, an increase of US $0.80 compared to last year.  

The demand was mainly driven by companies in the logistics, parcel and household appliances sector, the real estate analysts reported.

Nearshoring has been credited with driving demand for industrial real estate space in Mexico. In 2023, more than 350 industrial projects totaling 5.6 million square meters were built in Mexico, driven by companies relocating to Mexico. 

In many parts of Mexico, the demand is outstripping supply. Mexico City-based real estate fund Meor recently reported that nationwide, less than 2% of available industrial space is currently vacant, while the figure in the northern region is close to 0%.

Sergio Ríos, former director of investment for the Jalisco Economic Development Ministry (Sedeco), said that if Jalisco develops enough industrial parks to meet demand, it could capture between 30% and 35% of the foreign investment that will come into the country through nearshoring over the next five to six years. Without sufficient industrial space, however, Jalisco would only be positioned to receive 10% of this foreign capital, he explained.

“It will all depend on covering the need for physical spaces with an industrial purpose, that is key,” he said during a recent conference on nearshoring and its opportunities for Jalisco.

Ríos added that due to a shortage of industrial spaces in Jalisco, foreign direct investment in the state declined by 30% last year compared to 2022.

According to data from the federal Economy Ministry (SE), Jalisco was fourth in a list of states receiving the most foreign direct investment (FDI) in 2023, amounting to US $2 billion — 6% of the country’s total FDI. Jalisco came after Mexico City (31%), Sonora (8%) and Nuevo León (7%). 

In 2023, the United States was Jalisco’s top investor with US $777.2 million, followed by the United Kingdom with US $588 million and Germany with US $390.2 million.

With reports from El Economista

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The insider’s guide to investing in real estate in Cancún https://mexiconewsdaily.com/real-estate/the-insiders-guide-to-investing-in-real-estate-in-cancun/ https://mexiconewsdaily.com/real-estate/the-insiders-guide-to-investing-in-real-estate-in-cancun/#respond Tue, 16 Apr 2024 15:53:51 +0000 https://mexiconewsdaily.com/?p=328624 There's nowhere quite like Cancún, with the hustle and bustle of a global tourism hotspot. Here's our guide to the best areas to invest in real estate.

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Nestled along the shores of the Mexican Caribbean, Cancún is the most popular vacation spot for foreigners in Mexico. Visitors are captivated by its tropical splendor, turquoise waters, white sand beaches and vibrant culture. Most big cities in the United States, Canada, Latin America and Europe have direct flights to the International Airport in Cancún, giving this city incomparable accessibility to most other vacation spots in Mexico and making it a great place to invest in real estate.

With its strategic location and favorable climate, Cancún has quickly become a magnet for both leisure travelers and property investors alike. Additionally, situated close to the heart of the Riviera Maya, Cancún is no more than a couple hours away from other renowned destinations like Playa del Carmen, Tulum and Mérida, further enhancing its allure as a prime location for real estate investment. As the demand for second homes, vacation rentals, and investment properties continues to rise, now is the moment to delve into the dynamic world of real estate in Cancun. 

Cancún beach in the summer
Cancún remains Mexico’s top holiday destination, and a great real estate investment opportunity. (Cuartoscuro)

Because of its high tourism influx, the investment in this region is constant and large. According to the Mexican Association of Real Estate Professionals (AMPI), the real estate industry in Cancun registered an investment of 7.5 billion pesos (US $440 million) last year, with around 30 hotel projects underway. Capital gains have increased 30% in the last year and a half, and the return on investment ranges from 8% to 11%. Additionally, because Mexico is a country that remains in constant growth and has a stable economy, investing in real estate here is a safe bet and a great opportunity. Its laws also provide easy access and ensure safety and protection for investors. 

What are the best neighborhoods to invest in real estate in Cancun?

Zona Hotelera

Zona Hotelera is the most popular part of Cancún, as it’s located all along the beachfront. It’s where you will see the highest concentration of hotels and resorts, whose services make it a very attractive place for travelers. It’s also an area for a lot of entertainment and restaurants and with the most access to the turquoise blue beach that gives Cancún its allure. Departments and houses in this area range from US $210,000 to US $5 million. 

For example, at the very end of that range, you can find a luxury beachfront home, listed for US $5.8 million on Point2Homes. 

Luxury home Cancun real estate
Super Luxury Beachfront Villa, Point2Homes. (Point2Homes)

At the lower end of the range, you can find a two-bed, one-bath, 900-square-foot apartment on the south end of the Zona Hotelera for US $500,000. 

Zona Centro

This area is a combination of old and new and the city’s commercial and cultural hub. Downtown Cancún is very close to schools, banks and supermarkets, and has a mix of residential and commercial properties. This is an area that has more of a “real city” feel, as opposed to the resort and hotel vibe. Additionally, since it is older than most places in Cancún, you will find buildings with more history and a more traditional style. Because of all of this, investing in this area provides opportunities for rental income from not only tourists, but locals as well.  

Zona Sur

Zona Sur Cancun real estate
Zona Sur is rapidly emerging as Cancún’s hot new neighborhood. (Point2Homes)

This is the new best area to be in Cancún. It’s like a small city in of itself, where everything you need is at your reach — parks, tourist attractions, bus stops, hospitals, etc. The Mexican Association of Real Estate Professionals have said that the Zona Sur is an area of high capital gains thanks to the construction of private condos surrounded by ample green areas. Because Zona Sur is still in its development stage, it’s just the right time to think about investing here. 

Real estate in this area varies from 1 million to 6 million pesos (US $60,000 to $360,000). 

Puerto Cancún

Puerto Cancun real estate
Puerto Cancún offers all the luxury of the Zona Hotelera, but at a more affordable price. (Remax)

One of the most residential areas of Cancún. The main benefit of Puerto Cancún is that, similarly to the Zona Hotelera, it is located by the ocean, but with the added benefit of being in close proximity to the downtown. This is an area that has many private residential condos, golf courses and luxury apartments. It also has the biggest commercial mall in Cancún. 

For US $1.2 million, you can purchase a four-bedroom, four-bath condo with amenities including a pool, lounge, spa, business center and a dock. Other properties range from US $750,000 to US $1.5 million.

Other things to consider:

Some people find Cancún a bit overwhelming and maybe overly touristy. Because of the high influx of people and investors looking for good real estate opportunities, it might be more time consuming to find the perfect place for you. Given how many opportunities are available at any given time, however, there is sure to be something for almost every taste.  

Because of its size, Cancún is not the most walkable or easy-to-get-around place if you’re looking to vacation outside of the all-inclusive resort or hotel package. 

All in all, Cancún is about enjoying and making the most out of the beautiful Mexican Caribbean. If you find the ideal place for you to do that, make sure you understand the real estate process in Mexico for a foreigner before you invest.

Montserrat Castro Gómez is a freelance writer and translator from Querétaro, México.

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Where are companies choosing to nearshore in Mexico? https://mexiconewsdaily.com/real-estate/where-are-companies-choosing-to-nearshore-in-mexico/ https://mexiconewsdaily.com/real-estate/where-are-companies-choosing-to-nearshore-in-mexico/#comments Thu, 11 Apr 2024 18:33:26 +0000 https://mexiconewsdaily.com/?p=324201 It's no secret that Mexico has become a global nearshoring superpower - but where are these companies choosing to invest in real estate?

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Mexico has become a top destination for relocation, as companies from across the world look to move their operations closer to the United States. Mexico has a skilled workforce and low production costs, making it an attractive option for manufacturers and distributors.

But once in Mexico, where are the best spots to relocate? Companies that have already made the leap to nearshore in Mexico are mostly concentrated in the country’s north, west and central regions. These locations are best for nearshoring in Mexico because they have access to natural resources such as water and energy, are close to the United States, have favorable logistics and infrastructure conditions and concentrate a strong talent pool.

Mexico’s skilled workforce means that businesses from automobiles to robotics have chosen the country to serve as a production and distribution hub for the United States. (Gobierno de Guanajuato/Facebook)

Here is a list of the best nearshoring spots in Mexico divided into four areas: northern Mexico, southern Mexico, western Mexico, the Bajío and Mexico City.

Northern Mexico 

Several states in the North stand out when it comes to nearshoring, for several different reasons. According to a report by organization Caminos de la Libertad, Nuevo León, Chihuahua and Coahuila are attractive for their energy security, reduced bureaucracy, easier business startup processes and legal security. 

Nuevo León

Nuevo León has become a leading destination for nearshoring. By the end of 2023, the state had successfully attracted US $45 billion in foreign direct investment (FDI), largely due to nearshoring. Most of this investment has been directed towards the state’s capital, Monterrey.

Monterrey has been by far the biggest winner in the nearshoring boom. (David Liceaga/Unsplash)

To date, 76% of nearshoring in Mexico is concentrated in Nuevo León. Perhaps even more impressively, 45% of nearshoring in Latin America is also concentrated in the northern state. 

The industries using the most real estate in Nuevo León are the automotive, electrical, electronics, construction and supply chain sectors.

Coahuila

Another popular state for nearshoring in Mexico is Coahuila. Until May 2023, it had received US $2.2 billion worth of FDI, and the previous year, it became the second-highest exporter of goods from Mexico

Coahuila is known for its mining industry. The state is the world leader in refined silver production and holds Mexico’s largest steel producer.

The industry that has boosted nearshoring the most in Coahuila is the automotive sector, mainly located in the cities of Saltillo and Torreón.

Coahuila has become an auto manufacturing hotspot, predominantly for Asian firms. (Municipio de Torreón/Facebook)

Chihuahua

Last year, the state of Chihuahua received an impressive $2 billion in FDI, with more than 35 new investment projects. According to official numbers, 25 of these projects were the result of nearshoring. 

These new investments have led to significant growth in the state’s industrial real estate sector. In 2023, Ciudad Juárez, the capital of Chihuahua, began constructing 458,000 square meters of new industrial space to meet the increased demand.

The industries that have attracted nearshoring in Chihuahua include automotive, aerospace, electronics, metalworking, and medical device industries.

Baja California

According to the Nearshoring Score by Mexican bank Banorte, Baja California is among the states with the greatest potential to receive the benefits of company relocation, along with Nuevo León and Chihuahua.

Tijuana has long played an important role in trade between the U.S. and Mexico, but nearshoring is taking it to an even greater level. (Gautman Krishnan/Unsplash)

Wall Street mega-funds like Oaktree Capital Management show a growing interest in Baja California, recognizing the region as key for strategic investments. Such interest has been driven by the notable improvement in the state’s financial health under the management of the Secretary of the Treasury.

Moreover, Mexico’s largest aerospace hub is in Baja California, where more than 100 aerospace companies generate 30,000 direct jobs, mostly around Tijuana and Mexicali.

The Bajío

Rodrigo Folgueras, regional head of real estate consulting firm CBRE in the Bajío, has praised the region as an investment destination thanks to its location, skilled labor force and infrastructure.

Querétaro

According to Banorte, Querétaro is the non-border state that stands to gain the most from nearshoring in 2024. This is attributed to the strategic location of its industrial parks and zones, the potential GDP by state and the influx of FDI over the past three years.

The state is known for its innovative industry, large aerospace cluster and its role in the global supply chain.

The industries that have attracted nearshoring in Querétaro include the automotive, aerospace, warehousing, transportation and food and beverage industries.

Querétaro has seen investment from a wide variety of industries. (Gobierno de Querétaro)

Guanajuato

Guanajuato and Querétaro were the most sought-after states for industrial space, a trend driven mainly by manufacturing companies over the first three quarters of 2023. 

Guanajuato’s Ministry of Sustainable Economic Development (SDES) said the state secured 31 investment projects last year, all related to nearshoring. To attract this investment, the region tackled two primary challenges that often hinder relocation to other states: efficient energy management and attracting skilled human talent.

The industries that have boosted nearshoring in Guanajuato mainly belong to the automotive, food, household appliances and pharmaceutical chemical sectors, as well as the medical cluster.

Aguascalientes 

The Mexican Institute for Competitiveness (IMCO), a think tank, has found that Aguascalientes is the state taking the most advantage of nearshoring. Foreign direct investment from sectors most related to this phenomenon increased by 310% from January to September in 2023, compared to the same period in 2022.

Warehousing space across Mexico is being leased almost as fast as it can be built. (Adalberto Ortega/Vesta)

IMCO highlighted that Aguascalientes’ performance reflects the state’s structural conditions in terms of labor, basic input infrastructure and regulatory quality, making it an attractive investment destination.

The industries that have boosted nearshoring in Aguascalientes are mainly the automobile and truck manufacturing sectors.

Western Mexico 

Jalisco

After Querétaro, Jalisco stands out as the second non-border state that could benefit the most from nearshoring. 

To enhance Jalisco’s appeal for nearshoring, the state’s government has implemented the Jalisco Tech Hub Act, a public policy initiative which includes investments in expanding educational infrastructure and developing highly specialized talent.

Tech-focused Jalisco is looking to receive investment from the digital sector. (Hiram Prigadáa)

In the last two years, the electronics and appliance manufacturing sector has driven the most nearshoring activity in Jalisco. 

Mexico City 

Of the US $32.92 million that arrived in the country in 2023, US $10,580 million went to Mexico City, according to Economy Ministry (SE) figures. 

Although not an industrial city, the nation’s capital is the preferred location for the headquarters of companies operating in industrial cities in Mexico. Experts have stated that Mexico City is the country’s most competitive federal entity, offering a great educational environment and excellent local and international connectivity.

In 2023, IMCO found that 27% of the FDI that arrived in Mexico City was related to nearshoring.

Gabriela Solis is a Mexican lawyer turned full-time writer. She was born and raised in Guadalajara and covers business, culture, lifestyle and travel for Mexico News Daily. You can follow her lifestyle blog Dunas y Palmeras.

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The insider’s guide to investing in real estate in Oaxaca https://mexiconewsdaily.com/real-estate/the-insiders-guide-to-investing-in-real-estate-in-oaxaca/ https://mexiconewsdaily.com/real-estate/the-insiders-guide-to-investing-in-real-estate-in-oaxaca/#comments Tue, 09 Apr 2024 16:55:44 +0000 https://mexiconewsdaily.com/?p=323749 Buying real estate in Oaxaca? Check out our insiders guides to owning property in one of Mexico's hottest cities.

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As a photojournalist, I never pictured myself settling anywhere. For years, I never stayed anywhere longer than a few months, usually traveling extensively within that time. That was until 2013, when I first came to Oaxaca. 

Oaxaca state lies in a mountainous region that stretches down to the southwestern border of Mexico. Oaxaca de Juárez, normally shortened to Oaxaca, is the state’s capital and largest city. Like many before me, I fell in love with the vibrant atmosphere, eclectic architecture and the overall vibe of the city.

Oaxaca city real estate houses

Known for its delicious mezcal and sumptuous mole, Oaxaca is also a hub for beautiful textile and ceramic crafts. The city boasts colorful markets, numerous galleries and cultural centers. Lately there has been a wave of new boutique hotels, rooftop bars and trendy cafes. 

With many structures dating back to the 16th century, the city has a strong connection to its history. In the last decade or so, a wave of new builds and renovations has added a contemporary flare. 

I knew I wanted to be outside of the hustle and bustle of the historic center, which was becoming busier and more expensive every year. I eventually decided on a spot about a thirty minute walk from downtown with a more residential feel and beautiful views of Oaxaca city.

Fortunately, buying in the area was relatively straightforward. With the help of a local attorney, I completed the private sale, first making a deposit and then following with the rest of the full amount a couple of months later. I am a permanent resident in Mexico, which also helped make these transactions smoother, although it is possible to buy without being a resident. 

Oaxaca city real estate houses
Oaxaca’s historic center is stunning but has become increasingly pricey in recent years.

Why are people investing in real estate in Oaxaca city?

During the COVID-19 pandemic, it became easier to get temporary residency through a process called normalization. It is clear that since the pandemic there are many more people looking to move to and buy property in Oaxaca city. 

Mary Aquino of Re/Max Cantera, a brokerage in Oaxaca, explains that “there are many factors why not only locals but also foreigners are becoming more and more convinced to invest in the state of Oaxaca. In the case of locals, they are investing in the outskirts of the capital city, while foreigners are investing within the capital city due to its tourism and gastronomic appeal. While it is true that the prices are not cheap, it is a good investment for the future.”

Aquino considers the key areas that are growing include “the city center, El Tule, Huayapam, Etla and some of the most emblematic neighborhoods: Xochimilco and Jalatlaco.” In my opinion, San Felipe and Guadalupe Victoria are also areas with significant development. Each of these areas have their own identity and are suited to different living and working requirements. Recently, a wave of friends have moved further from the center to areas like Etla, El Tule and San Felipe.

The Etlas, El Tule and Xochimilco 

The “Etlas” are several small communities about a half hour’s drive from Oaxaca city. Many people have moved there to be part of the creative network that has grown there. It is also an area with more water than most, which is a sought after commodity in Oaxaca.

Santa María del Tule. (Gabriel Tovar/Unsplash)

Santa María del Tule, also known simply as El Tule, is a peaceful suburb famous for its massive Montezuma cypress tree. The town boasts market stalls and restaurants, as well as a bike track that takes you into Oaxaca city. 

Most of my friends with children have moved to San Felipe. Rebecca Bailey, founder and editor of the Qué Pasa Oaxaca cultural guide, explained that she considered San Felipe “because we have a lot of friends there and it’s close to schools. Even though it’s kind of famous for wealthy politicians, there are lots of young families there because there are a lot of houses with gardens.”

The historic center

As Mary Aquino mentions, Oaxaca city’s two most emblematic neighborhoods are Jalatlaco and Xochimilco; east and north of the historic center, respectively. With cobblestone streets and striking street art, they are extremely charming. 

Price per foot changes drastically depending on the distance from the city center. Aquino estimates a price per square foot in Oaxaca’s historic center at 2500 pesos, while the nearby area of Xochimilco is 1500 pesos per square foot. If the property has a luxury amenity such as a pool, expect this to be doubled. 

Jalatlaco has become an increasingly sought-after neighbourhood. (Remax)

John Harvey Williams, owner-partner at Real Estate Oaxaca, notes that “Real estate values in Mexico are the sum of the value of the land and construction.” “Land in Jalatlaco,” Williams says, “is valued at around US $100 per square foot. Construction is valued from zero for a tear-down to around US $75 per square foot for the finest quality construction and finishings.”

Empty lots in Jalatlaco, however, are few and far between. “I can think of only a half dozen that are empty now, and none of them are for sale,” Williams told me.

According to Dolores Pérez Islas, general director and CEO of the real estate investment company Silmexico, explains that prices in Oaxaca’s historic center start at US $180,000 for a two-bedroom, two-bathroom house. Homes in a great location on one of the neighborhood’s main streets in the main square command anywhere from US $800,000 to $1.5 million. 

The carefully preserved colonial architecture, Pérez added, “gives a magic touch that every owner wishes to obtain. It’s surprising that there are still places like Jalatlaco, since it looks like it did 100 years ago.”

Oaxaca city real estate houses
Property in Oaxaca’s historic center can go for anything between US $800,000 to $1.5 million.

Value also depends on the legal and preservation status of the structure or land.  Restoration should be carried out in compliance with guidelines provided by the National Institute of Anthropology and History (INAH’s) Oaxaca division, which dictates the preservation of primary features and the original layout.

Guadalupe Victoria

Guadalupe Victoria is an up-and-coming area of Oaxaca that has ejido status, meaning that the land is communally owned. In recent years, there has been considerable construction in the area. Architect Tom Van den Bout, who has several projects in Guadalupe Victoria, describes ejidos as self-governed and largely independent — from Oaxaca City, for instance. Some ejidos are truly communal, co-owned and regulated by all residents. Others, like Guadalupe Victoria, are still run by the founding families but allow sale of land to outsiders and all sales are registered with the ejido.

With over thirty years of experience, Van den Bout found the process relatively straightforward. However, the terms of buying land with ejido status can vary. According to Van den Bout, “Any ejido that is comunal would be virtually impossible to purchase into. Every resident would need to agree to the sale and agree in perpetuity. Your ‘purchase’ could be reclaimed at any time and living there often requires a form of community service. Most ejidal land beyond those near Oaxaca city, such as Guadalupe Victoria, is communal.”

Other things to consider when investing

The coast of Oaxaca is an area with similar complications when it comes to buying land. Per the Mexican Constitution, foreigners cannot own land within 100 kilometers of a land border and 50 kilometers of a beach. It is possible, however, to acquire property in this restricted zone through a fideicomiso (trust) or by constituting a  Mexican company. As a buyer, you will be designated as the primary beneficiary. Aquino explains that “there are several companies offering this service and it actually works very well, but it can be a bit pricey. However, it provides much more peace of mind and confidence for buyers.”

If you are considering buying property in Oaxaca, Van den Bout suggests “looking closely to be sure the land can be legally sold and a deed will be issued in the buyer’s name.” 

Aquino recommends buying privately when possible, ideally with a certified real estate agency. “Certified agencies are attached to a government institution that fulfills the function of safeguarding the rights of sellers and buyers.” Real estate brokers such as Remax or Silmexico take on the task of investigating the legal status of the property to prevent the client from having problems in the future. There are also excellent land use attorneys in Oaxaca.

Anna Bruce is an award-winning British photojournalist based in Oaxaca, Mexico. Just some of the media outlets she has worked with include Vice, The Financial Times, Time Out, Huffington Post, The Times of London, the BBC and Sony TV. Find out more about her work at her website or visit her on social media on Instagram or on Facebook.

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