Real Estate Market in Monterrey, Mexico.

By: Alex Roma

When we talk about quality of life, we include a series of factors which individuals must enjoy in order to meet their needs, among them we can suggest the following: housing, income, education, and security, all of this in order to achieve a balance between integral development and a dignified lifestyle.

Monterrey, the mountain city, is the second largest in Mexico with around 5.5 million people living in the metropolitan area. Also known as the industrial capital of the country, it is only around 225 km (137 mi) from the US border, which enabled many foreign companies to establish operations here thanks to its quick access to the US market.

In the past few years, we′ve seen an influx of foreign direct investment coming to the region, specially from Asian countries. For instance, KIA Motors settled in the city back in 2015 investing around $2.5 billion USD. Nowadays, with the nearshoring effect in North America, Chinese companies have been flooding the area with capital, and now Tesla is yet to announce the purchase of a big plot of land in one of the municipalities. Thanks to this, Monterrey is able to attract people from all over the world who wish to get a better quality of life and higher paying jobs.

In addition, we have one of the best education environments in Latin America, with 3 top universities such as the University of Monterrey, the Autonomous University of Nuevo Leon, and the Monterrey Institute of Technology (MIT), which make it the city in Mexico with the highest percentage of English-speaking individuals.

People in the city like to do lots of outdoor activities, such as hiking, biking, organizing barbecues, playing and watching sports, as well as visit many of the top luxury shopping centers and restaurants.

Monterrey is also known as the skyscraper city in Mexico, since it’s the largest with no earthquake riskiness. There are currently 25 buildings with a height over 115 m (377 ft) including the tallest building in Latin America at 306 m (1,002 ft), and many other skyscraper projects under construction.

Real Estate prices have been going up since the early 2010s, in part because the city is doomed by its natural mountainous borders, and developers have begun to build upwards instead, to disperse the cost by square meter. In 2021, Monterrey was the second city with the highest home appreciation prices nationwide, at an average of 18% compared to the previous year, although this number in some areas has been much higher.

Prices vary from place to place, but the luxury market (usually in the municipalities of Monterrey and San Pedro Garza García) begins at around $500,000 USD for homes and presale apartments. In San Pedro some properties can reach a value of $10,000,000 USD with square meter prices going as high as $6,000 USD in some areas.

Overall, the Real Estate market in the Monterrey metropolitan area has gained momentum in the last few years and is expected to continue for the rest of the decade, with the upcoming 2026 world cup, lots of investors are buying properties to lease or sale in the near future.

Thanks to the many factors explained above, and the high quality of life, people in the city have a growth mentality and are friendly to foreigners. This is one of the main reasons Monterrey has served as a magnet for innovation and prosperity. I would not be surprised if in the next decades,?it becomes one of the most important cities in Latin America and perhaps the entire world.