Lomas Virreyes is situated situated north of Chapultepec Park, on the East side of Mexico City. Renowned to be one of the most expensive district of the city, Lomas Virreyes welcomes high end properties and luxury buildings in a residential area. This absolute district provides all the elements to enjoy a high quality of life in a posh environment: gyms, pools, business centers, cinemas, sky lounges. This area has one of the largest urban parks in America, "Bosque de Chapultepec" and has many corporate offices. In recent years, the elegant neighbourhood has welcomed a new population, even more well-off.
House | |
Surface type (Av.): | m2 |
Min price (Av.): | $1,000,000 |
Med price (Av.): | $0 |
Max price (Av.): | $1,500,000 |
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.