Although during the pandemic the prices of rent of houses in the Mexico City experienced a considerable decrease, since the end of 2022 and with the entry of 2023 they have returned to increase. Even the growth in the cost of leasing real estate in upper-middle-class neighborhoods has caused the same phenomenon in popular colonies due to their proximity.
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Through social networks, a user announced the price for renting an apartment in the Central Axis Lázaro Cárdenas, at the height of the Doctores neighborhood. However, he expressed surprise to note that the cost was MXN 16 thousand for a space of 41 square meters, a bedroom and a bathroom. “I never thought I would see these prices at the doctors,” he wrote @Sebashluna.
The increase in the cost of leasing has not only occurred in the aforementioned neighborhood. In fact, due to its proximity to other colonies such as the Rome and Countessin some areas that have historically been characterized as being popular, the increase in cost by concept of rent of the houses.
To the north and east of the two settlements there are other colonies such as the Cuauhtémoc, San Rafael, Tabacalera, Center, Doctors, Buenos Aires and workerwithin the demarcation governed by Sandra Cuevas, as well as the scandon and tacubaya in the Miguel Hidalgo mayor’s office.
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In a comparison made by Infobae Mexico among various websites dedicated to the publication of properties for sale and rent, the rental price for two-bedroom, one-bathroom homes was searched. In this sense, taking into account the neighboring colonies, the lowest monthly price was MXN 7 thousand in the colony Buenos Aireswhile the highest was reported in the tobacco company with MXN 25 thousand.
According to a table released by the page vivanunciosthe neighborhood with the highest average cost of rent is the cuauhtémocwith MXN 23 thousand 326while the cheapest was the Buenos Aireswith an approximate monthly cost of MXN 9 thousand 900.
The second most expensive neighborhoods to rent was found in Centerwith a price range that goes from MXN 13 thousand to MXN 17 thousand 214 for a two-bedroom, one-bathroom apartment. Meanwhile, the third step was the colony scandon Well, in other places like real estate 24 and lamudi costs were found between MXN 10 thousand 500 and MXN 15 thousand.
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The tobacco companyin the Cuauhtémoc mayor’s office, registered an average income of MXN 17 thousand 146. Next on the list was tacubayawhere the range of cost per lease was from MXN 11 thousand 500 and MXN 13 thousand.
In the colony San Rafael the range goes from MXN 14 thousand and MXN 18 thousand for a two-bedroom, one-bedroom apartment. Meanwhile, in the colony doctors a house with the same characteristics can be found among MXN 7 thousand 500 and MXN 16 thousandwith an average lease of MXN 12 thousand 688.
On the penultimate step was found the worker. In said area, after making a comparison between various websites, the cheapest home for rent was MXN 8 thousand 500while the most expensive was MXN 12 thousand 900. Furthermore, the average was MXN 10 thousand 523.
According to a comparative graph made by the company lamudifrom April 2020when the lowest average rent per square meter was recorded in the mayor’s office cuauhtémocuntil June 2022 a reported 25% increase in the rental cost.
On the other hand, the company real estate 24 announced that in the year 2019 the average income in the Cuauhtémoc neighborhood was MXN 18 thousand 330so that the increase in said region, until the year 2023, has been of MXN 4 thousand 996 approximately.
One of the main reasons why the price of rents in the Mexican capital has increased responds to the economic principle of supply and demand. With the population growth in the Valley of Mexico, the interest in inhabiting a space also increases. However, since there are not enough houses to satisfy the need, prices grow.
On the other hand, as noted in 2015 Luis Alberto Salinasresearcher at the Institute of Geography of the Autonomous University of Mexico (UNAM), the gentrification of the downtown neighborhoods and neighborhoods in CDMX and other cities in Latin America has also paid for the increase in the rental price.
The phenomenon corresponds to Displacement of a population with fewer resources for another with higher income in a certain neighborhood. This phenomenon only benefits real estate developers, as well as businessmen and tourism.
