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Outlook for luxury housing in 2022

Despite a 15% drop in sales, significant growth in luxury housing transactions expected in 2022

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Although the onset of the pandemic meant a 15% drop in sales in the luxury property segment, the outlook for luxury housing looks very good for the second half of this year.

According to information from Sonia Cabrera, director of Luxury Habitat Real Estate, good things are coming for the high-end real estate sector.

"I explain to them that now is the time for buyers, where you will surely receive low offers because there are people speculating and they are buying as an opportunity," said the director of Luxury Habitat Real Estate. However, optimism prevails for the second half of 2022.

"I think 2022 is coming along very well, because there is a lot of money held back by people. People were able to save on expenses because they were held back a lot on travel," said Cabrera. said Cabrera.

Viviendas de lujo
Viviendas de lujo

Which are the cities with the most potential to increase operations in luxury housing?

Due to the great variety of customer profiles, it is a little complicated to know for sure which cities or states will present the greatest growth in luxury housing operations in 2022, however, since there are very marked areas where this type of construction with luxury finishes prevails, we can get a very good idea of where this type of growth is heading.

The large number of developments with luxury finishes that exist in The Mayan Riviera, Merida, Puebla, Toluca and Queretaro make them the main targets for growth in luxury property sales.

The Riviera Maya and its importance in the luxury real estate segment

One of the big bets in this luxury segment is the Riviera Maya, which together with Cancun and Merida are becoming the main attractions for investors.

Month by month they gain solidity and capital gain in view of the imminent arrival of the Mayan Train, which will increase the capital gain even more.

Playa del Carmen and Tulum already offer a very extensive catalog of developments so that investors can comfortably choose where to invest their money.

The main objective of these purchases is to obtain income through vacation rentals and to allow owners to vacation at their leisure and at a low cost.

These luxury properties in Playa del Carmen generally represent an excellent value for money. Return on Investment  ranging from 10% to 15% per year, very attractive figures for investors. Added to that your property increases in price month by month due to the capital gain.

The city that surprised (but not so much) everyone by its growth in the luxury segment

We say that it surprised everyone but not so much because it was something that was expected due to the pandemic.

Cuernavaca had an uptick in growth in this luxury segment. The issue with this city is due to the large amounts of remote work that arose after the Coronavirus pandemic.

It is only one hour away from the most important city in Mexico, Mexico CityThe company's success has forced not only workers, but also top executives and managers to turn their gaze to the city of eternal spring. 

casa de lujo en Cuernavaca

On top of everything else, this city promises a calmer pace of life compared to its neighboring metropolis, Mexico City, much less heavy traffic, a warmer climate, shorter transportation distances and in general a more relaxed life. 

In view of the trend of the Home Office Cuernavaca, which reduces costs for companies, saves time for workers, and with more competitive real estate prices, Cuernavaca is facing Mexico City, and is beginning to position itself in the luxury segment of the real estate sector. 

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