On Calle 53, a homeowner promotes the planting of more trees in the Centro. Photo Imagine Merida
A short 5 years was enough for cities like Surrey, CA, San Francisco, US, and Mexico City, MX to post home price jumps that would make your head spin. As a result, prospective homebuyers in North America’s largest cities today must dish out considerably more money if they want to join the ranks of the home owners.
A clear outlier, Detroit is in a league of its own: although Motor City posts a staggering percentage growth (97%) compared to 5 years ago, its net home price increase over the same period is much more modest ($30,143).
But apart from Detroit’s special case, almost all other North American large urban centres have seen both startling percentage increases and overwhelming net price jumps, deepening the issue of housing affordability. In markets like Manhattan or Vancouver, which already boast stratospheric home prices, even the smallest changes impact homebuyers’ pockets in a very big way.
While the changes in home prices in Canada and the U.S. vary wildly, going from +97% to -1%, the increases in Mexico are more moderate and consistent. Here are the findings that might be of interest to you:
- The 31 Mexican cities included in the report have seen home prices jump between 30% and 51%. The city with the biggest price jump is Mexico City, with a 51% increase, followed by Zapopan and Durango, at a tie with 43%;
- At the other end of the ranking, the smallest jump was recorded in Cancun, where home prices went up 30% compared to 5 years ago.
Here’s the link to the full report: https://www.point2homes.com/
Source:
https://www.point2homes.com/
Comments
more recommended stories
Cuba still welcomes American tourists despite Trump restrictionsVARADERO, Cuba (AP) — The battle.
Guatemalan teen dies at Border Patrol station, 5th minor to die in US custody in 6 monthsPHOENIX – A 16-year-old boy diagnosed.
Cruise the ocean with gourmet food, craft cocktails and the best of the digital worldPORT OF SAN FRANCISCO — We’re.
Come to the Yucatan…Standing barefoot on a wooden jetty.
Is the State Secretary of Public Security on his way out?According to an unofficial source close.
Real estate “Boom” would raise the population of Mérida to two million before 2030“The city of Mérida would increase.
Camazotz: the Maya BatmanIn Maya mythology there is a.
Ochoa-Lopez murder: Baby boy cut from mother’s womb opens eyes for the first timeA baby boy, cut from his.
Yucatán beekeepers to receive more and better support from state governmentThe Yucatan state government and apicultural.
AMLO orders end to corporate tax breaks in MexicoMEXICO CITY, May 20 (Reuters) –.
Leave a Comment