**Primary Article: Housing Prices Remain High in Tijuana as Demand Surges**
As we approach 2025, the expectations for any decrease in housing prices in Tijuana remain bleak. The demand for real estate continues to surge, according to the president of the local Association of Real Estate Professionals, FermÃn Kim King. Reports from the Federal Mortgage Society indicate that housing costs in Tijuana increased by an average of 13% in the first half of the year. This rate is the third-highest increase across the country.
“The prices are not likely to drop. On the contrary, they will continue to rise as long as demand exists,” expressed Kim King in a recent interview. The high demand is creating challenges for potential homeowners, especially in areas such as Santa Fe or Cuesta Blanca, where home prices range from 1.5 to 6 million pesos. This makes it difficult for about 70% of the population to use their Infonavit credit due to income limitations.
Experts state that there is a need for over 120,000 social housing units in Tijuana to meet the present demand. The Development Planning Committee of the State estimates around 6,400 hectares of land available for urban development, expected to be exhausted in 10 years. “The question is, what will happen after that? It’s something we must focus on resolving,” Kim King urged.
**Secondary Article: Optimism in Real Estate Market as Growth Anticipates in Tijuana**
Amidst the ongoing challenge of high housing prices, real estate professionals in Tijuana remain optimistic about the market’s growth potential. The AMPI (Mexican Association of Real Estate Professionals) in Tijuana anticipates a 10% growth in the real estate market during the first quarter of 2025. This surge is expected despite the obstacles faced by potential homeowners in securing affordable housing.
Moreover, there is progress in the legalization of properties within the State Housing Plan. Over 3,000 houses have successfully obtained their deeds recently. Meanwhile, mortgage courts in Baja California are processing the recovery of 8,000 homes, aiming to address the housing shortage partly.
In response to security concerns, significant budget allocations have been made to enhance public safety. Tijuana’s municipal authorities have secured 1,970 million pesos for upgrading the city’s safety and security infrastructure in 2025. This investment promises to provide Tijuana residents with a new standard of public security as part of broader urban development initiatives.