Real Estate in Mexico City, Mexico

Real Estate in Mexico City

Last updated on Apr 23, 2023

Summary: The most desirable neighborhoods in Mexico City, Mexico are Polanco, Condesa, Roma, and San Miguel Chapultepec. The average cost to buy a nice 2 bedroom home in Mexico City is around $200,000 USD, while a nice 3 bedroom home can cost around $300,000 USD. These properties typically include modern amenities such as air conditioning, high-speed internet, and security systems. Foreigners are allowed to own property in Mexico City, but there are certain restrictions. For example, foreigners are not allowed to own property within 50 kilometers of the coast or 100 kilometers of the border. When searching for a home to buy in Mexico City, it is important to research the area and the local market. It is also important to work with a reputable real estate agent who can help you find the right property for your needs. Additionally, it is important to understand the legal requirements for purchasing property in Mexico City.

How do I find a place to live in Mexico City?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"The first step in finding a place to live in Mexico City is to decide on the type of accommodation that you prefer. Are you looking for a single rental unit, a room in a shared house or apartment, or a fully furnished flat or house? You can search for rental listings online by searching for websites such as VivaStreet Mexico and EasyRoommate Mexico. You can also consult with a local real estate agency and speak with a realtor who knows the area and can show you a variety of options. Additionally, you can join local expat Facebook groups or browse the classifieds section of local expat websites to get an idea of what’s available. Once you’ve identified potential properties, you should visit each in person to get a better feel for them before you make a final decision," explained one expat living in Mexico City, Mexico.

"My company assisted us by hiring a Relocation company. In Mexico City it is very important to know where you will work in order to find your home. Commuting time can be terrible if you do not consider this important issues," said one person in Mexico City.

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About the Author

Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.