### Real Estate Prices in Tijuana Vary Between $200 and $1,500 per Square Meter: AMPI
The price of real estate in Tijuana varies significantly depending on the area, ranging from $200 to $1,500 per square meter. According to David Alejandro Ortegón Puebla, president of the Mexican Association of Real Estate Professionals (AMPI) in Tijuana, prices tend to be higher in highly sought-after areas, such as the “Zona Dorada.”
“In the ‘Zona Dorada’, the limited available land can command up to $1,500 per square meter if it is a highly desirable location. In the eastern part of the city, it varies considerably depending on the specific area,” Ortegón Puebla added.
### Future Development Toward the Eastern Zone of Tijuana
Discussing the challenges faced by the real estate sector over the year and expectations for 2025, Ortegón Puebla noted a significant market reactivation and anticipates a year-end similar to the previous one.
“We see it as favorable. The main challenges involve moving the existing inventory and identifying real market values. Sometimes, properties are priced above what the market is willing to pay, necessitating an adjustment between supply and demand,” he explained.
When asked about areas in Tijuana where real estate prices might be above market value, Ortegón Puebla commented that there wasn’t any specific area, emphasizing that pricing depends on individual cases. He mentioned that there are always properties being offered at both reasonable and unreasonable prices.
To conclude, Ortegón Puebla reiterated that property prices depend heavily on scarcity in the area. “As availability decreases, people assign more value to the land. It’s not just about the lack of vacant lots; it also involves purchasing existing houses to demolish them and build new types of homes,” he concluded.
### Additional News on Tijuana Real Estate
A recent study shows that only one in 77 houses constructed in Tijuana is purchased using an Infonavit credit. This data sheds light on the prevailing market conditions and financial accessibility for potential homebuyers in the region. Moreover, a new elevated viaduct planned for the Colonia Libertad is projected to decrease land values in that neighborhood.
In efforts to address residential needs, developers are now turning their attention to constructing vertically in the Eastern Zone of Tijuana. This shift aims to tackle the high demand and limited horizontal space available in the city, potentially altering the real estate landscape significantly.
These dynamics highlight the ongoing evolution of Tijuana’s real estate market, where scarcity and development trends continuously shape property values. For more detailed updates on real estate and other local news, stay connected with TJGringo.com.
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