**Expected 10% Real Estate Boom in Early 2025: Tijuana Outlook**
As we approach 2025, Tijuana’s real estate sector is poised for a positive turn. The president of the Tijuana chapter of the Mexican Association of Real Estate Professionals (AMPI), David Alejandro Ortegón Puebla, anticipates a 10% increase in property transactions during the first quarter of 2025 compared to the same period in 2024.
Ortegón Puebla’s optimistic forecast is grounded in the market’s stability seen at the close of 2024. He notes the budding interest from investors and potential buyers as a sign of favorable times ahead. A significant push for this resurgence is attributed to the conclusion of Mexico’s electoral process and the setting up of a new federal government, which has created a conducive environment for real estate growth.
Tijuana’s current real estate landscape features an emerging trend of vertical residential developments across various parts of the city. These projects are part of a broader strategy to meet the rising housing demand.
The cost for properties, whether for sale or rent, varies substantially based on location, accessibility, housing type, and specific features. However, the minimum monthly rental price in Tijuana stands around 7,000 pesos. Last month, Ortegón Puebla highlighted a substantial 30% rise in rental activities in the third quarter, partially due to the US dollar’s recovery against the peso. This currency shift has led many US-based workers residing in Mexico to seek leasing opportunities in Tijuana.
**Secondary Update: National Real Estate Trends Provide Context**
Across Mexico, various factors are influencing real estate dynamics beyond Tijuana. A recent report highlights that other Mexican cities are also experiencing shifts due to economic conditions, global interest rates, and foreign investment influences. As more urban centers like Mexico City and Guadalajara expand their infrastructure and housing projects, there’s a noticeable trend toward vertical construction similar to Tijuana’s approach.
Additionally, new federal policies supporting housing development, alongside international collaborations, aim to spur construction and contribute to economic growth. This national backdrop, coupled with local developments, could serve as an essential driver for the anticipated 10% growth in Tijuana’s real estate market.
Looking forward, stakeholders are watching how these factors unfold, aiming to harness the momentum for a robust real estate climate in Tijuana and beyond.