Jardines del Pedregal is an upscale residential district in southern Mexico City that was developed in the 1940s thanks to the renowned architect Luis Barragan, who was one of the best modern Mexican architects of the 20th century. This pleasant neighbourhood hosts one of the richest mansions of the capital. Its manicured gardens and luxury properties have been an inflection point for the Mexican architecture. Jardines del Pedregal is one of the most expensive areas even if a majority of the buildings has been built more than 50 years ago. This quiet neighbourhood is the perfect place for families who want to enjoy a high quality of life in a peaceful environment.
House | |
Surface type (Av.): | m2 |
Min price (Av.): | $800,000 |
Med price (Av.): | $0 |
Max price (Av.): | $2,000,000 |
Investing in Mexico City is a true advantage as prices are very competitive. However, the housing market is gradually opening up and therefore prices have recently risen due to an increase of the demand regarding the luxury market. The city of Mexico offers exclusive neighbourhoods characterized by luxury properties at more expensive prices compared to the rest of the country. Besides, the real-estate market is in an exponential growth as the Mexican government gradually softens the legal rules for foreign investors.
If you are interested in investing in Mexico, it is recommended to contact a real-estate agency that will help you and provide you the good information regarding the market and the administrative procedure as corruption is still significant. A lawyer will formalize the housing contract. If the real-estate investment deals with a property located in a 100km-radius from a frontiere or in a 50km-radius from beaches, there are various conditions to respect and especially using a fideicomiso procedure.