Mérida, among the cities with the greatest potential in luxury housing

After falling 15 percent this year, sales will rebound in 2022 due to contained demand and low rates, specialists estimate

MÉRIDA, Yucatán, (January 3, 2022).- Luxury homes were among the most affected by the Covid-19 pandemic, whose sales fell 15 percent this year.

However, experts estimate that, in 2022, the commercialization of this real estate segment will recover due to a contained demand and interest rates will remain low.

Sonia Cabrera, CEO of Luxury Habitat Real Estate México, highlighted that during the last year there has been a market of luxury home buyers characterized by speculation and people who seek to take advantage of opportunity purchases.

“The luxury market is going through great challenges because it has been one of the most affected by the pandemic. We have noticed a significant drop of around 15 percent, ” she said.

“We bring pressure from the owners of this type of property who question us the fact that their properties are not selling or that the offers are very low priced,” commented the directive.

Luxury Habitat Real Estate México opted for technology to work together with other real estate firms to make sales.

“I think 2022 is very good because there is a lot of money contained by people. People were able to save on expenses because they have not been able to travel, ” said Cabrera during his participation in a program run by the real estate agency Neximo.

There are cities like Mérida, Toluca, Puebla, Querétaro, Cuernavaca, and the Riviera Maya where there are more luxury homes, which are those that have a value of more than 4.2 million pesos, according to BBVA Research.

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