Real Estate in Mexico City

"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," remarked one foreigner who made the move to Mexico City.

"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," explained one person living in Mexico City, Mexico.

"Apartments are the most recommended housing for expats. One reason is security, and also you can make friends easier on the social areas like swiming pools, tennis courts, etc," explained one person living in Mexico City, Mexico.

"Most expat homes or apartments in Mexico City are typically modern and comfortable, with amenities such as high-end appliances, high-speed internet, and cable TV. The size of the home or apartment varies, but most provide spacious living areas and bedrooms. Some homes are also equipped with private terraces or balconies and a garden area where expats can take in the endless views of Mexico City's breathtaking skyline. Many buildings also provide access to a gym, a pool and other modern amenities, so expats can pursue an active lifestyle without ever leaving the comfort of their home," said one expat in Mexico City.

"Mexico City is an expensive city to live in. I am lucky to have my company pay for it, but to give an idea: A three bedroom apartment can go from US$2,500 - 5,000 per month plus utilities," said one expat who made the move to Mexico City.

"The cost of housing in Mexico City varies depending on the neighborhood and size of accommodation, but the average price for a mid-range apartment is likely to be around 45,000 to 55,000 Mexican Pesos a month," explained one foreigner living in Mexico City, Mexico.

"Whether to buy or rent a home in Mexico City, depends on your individual circumstances and preferences. Buying is generally more expensive in the short-term, as you must pay for the cost of the property, closing costs, and any necessary renovations. Additionally, if you buy, you will also have to pay for ongoing maintenance and repairs for the home. Renting, on the other hand, typically requires a lower initial expenditure, and you will not be responsible for the cost of any upkeep or repairs. Ultimately, you must decide which option is best for you, taking into account your financial resources, desired lifestyle, and future plans," explained one person living in Mexico City, Mexico.

"1. You will need to hire a local lawyer to assist you with the legal procedures involved in buying property in Mexico City. 2. Make sure you obtain a valid residency permit to purchase property in Mexico City. 3. Research different neighborhoods and understand the local market before investing in property. 4. Prepare to pay applicable fees, including closing costs and a 3-5% sales tax. 5. Obtain reliable information from trusted sources about the property title and any building permits. 6. Consider hiring a professional home inspector to verify the condition of the property. 7. Ensure you are able to meet all the financial requirements associated with owning a property in Mexico City. 8. Review the details of the contract carefully before signing and be aware of the potential risks associated with purchasing property in Mexico City," explained one person living in Mexico City, Mexico.

"Yes, foreigners are allowed to own property in Mexico City. According to the Mexican Constitution, foreigners are allowed to own property in Mexico, as long as they comply with the regulations established by the Foreign Investment Law. This law states that foreigners can acquire property in Mexico, either directly or through a Mexican corporation, as long as the property is located in an area that is not considered a restricted zone. In Mexico City, foreigners are allowed to own property in any area, as long as they comply with the applicable laws and regulations," said one in Mexico City.

"In Mexico City, rental properties often come equipped with a kitchen refrigerator, stove, and microwave. Additionally, most rentals will have a washing machine and clothes dryer, as well as air conditioning. Depending on the size of the rental, other common appliances that may be included are a dishwasher, toaster oven, espresso maker, and/or electric water heater," explained one expat in Mexico City.

"Expats can search for homes in Mexico City by looking online for real estate listings, contacting local real estate agents, and searching for rental listings on websites such as Airbnb and HomeAway. Additionally, expats can look for housing options in local newspapers and magazines, or ask friends and family for recommendations," said one expat in Mexico City.