This growth responds to the high demand generated by economic development and the increase in the population, which is projected to reach 5.9 million inhabitants by 2024.
This was announced by Tasvalúo in a report in which it adds that, in terms of real estate supply, Monterrey has more than 75,000 new homes, distributed almost equally between horizontal housing (51%) and vertical housing (49%). This reflects the balanced demand of buyers, who are looking for options adapted to different lifestyles and budgets.
With respect to prices in the region, the Mexican consulting, valuation and data company indicated that they vary according to the type of housing. In the case of vertical housing, prices per square meter range between $20,000 and $90,000 pesos, with luxury projects reaching prices of up to $156,250 pesos per square meter, such as the “Roble 700” development. Available surfaces range from small apartments of 36 m² to large spaces of 669 m², with an average of 105 m².
On the other hand, horizontal housing also shows a great diversity of prices and sizes. The average per square meter is $37,382 pesos, with prices ranging from $6,500 to $38,563, depending on the location and type of project. Regarding surfaces, horizontal housing offers from compact areas of 43 m² to large plots of 393 m², with an average of 134 m².
The experts indicated that the largest saleable surfaces are in the residential plus segment, followed by the residential and medium segment. In turn, housing prototypes have tended to reduce their construction area, especially in the residential plus segment, where the average size has decreased from 321 m² in 2018 to 184 m² in 2024.
This expanding market is not only reflected in prices, but also in the absorption of new homes. On average, 3.6 units are sold per month, with some popular projects reaching up to 31.5 monthly sales.
As Monterrey continues to grow and consolidate itself as a key economic center in the country, the real estate market offers a wide range of options for those looking for a home, with opportunities both in the residential segment and in luxury developments.
Source: realstatemarket
