Mexico City at the level of New York, in terms of “ultra-luxury” properties

Las ultra luxury homes It is a segment intended for few people, due to its value that can reach up to 180 million pesos; However, in Mexico City there is an offer of this type of space that makes it be at the level of other large cities, such as New York, a benchmark for this type of property.

According to Rubén Ballesteros, general director of the firm Baicama Luxury Realty, Mexico City is characterized because part of its housing supply It is concentrated in the highest income segments, especially in areas such as Polanco, Lomas de Chapultepec, Bosques de las Lomas, Santa Fe, Pedregal, among others.

“Mexico City is distinguished by having areas with a large number of residential properties that can be considered in the segment of ultra luxury. These can be houses, penthouses with two or even three floors, and residential apartment towers with a wide range of amenities,” explained the director of the firm dedicated to real estate brokerage in this segment.

According to data from the firm, based on figures from the National Institute of Statistics and Geography, in Mexico City there are around 2.7 million private homesof which 2% have more than five bedrooms and are considered deluxewhich makes this city the second in Latin America with the highest housing costs.

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In this context, Ballesteros pointed out that there are properties of ultra luxury They are located in complexes such as club houses or golf courses, where there are amenities such as exclusive restaurants, product shopping centers, among others.

“In some cases, these properties are complemented by Club Houses and golf courses that are located in the surrounding area, as well as exclusive restaurants, shopping centers for premium products, and security systems, which makes these properties households find themselves in a dream environment to inhabit,” said Ballesteros.

Complexes that put the sample

According to the specialist, in Mexico different housing complexes are characterized by having this type of householdssuch as Torre Arbia in Santa Fe, which is a development characterized by its vertical gardens located throughout the entire building, which has a nine-hole golf course designed by former American golfer Jack Nicklaus.

Another example is the Rubén Darío 225 development, which is located in Polanco and has a privileged view of the Chapultepec Forest, which encompasses a cosmopolitan lifestyle, in addition to the variety of restaurants and luxury establishments that are in the area. .

Likewise, in the Bosques de las Lomas area, there is a Cero5Cien complex, which has different amenities within it, with architecture that stands out and connection with nature in all its spaces.

“The previous ones, although they are focused on serving different lifestyles, coincide in the market to which they are directed: that of ultra luxury. This type of property, located in the country’s capital, is what makes this city considered a hub of ultra luxury at the Latin American and North American level, at the level of others such as New York, which is currently home to 85 billionaires and is considered the capital of luxury real estate”, can be read in an analysis by Baicama Luxury Realty.

design trend

For Baicama Luxury Realty there is a trend in design that is beginning to stand out within the real estate segment of ultra luxurywhich is known as Core and Shell.

“It is a modality in which the developer of the building builds the base of the property, including central and exterior elements (Shell), while the interior conditioning (Core) is completely in charge of the future resident before arriving to occupy the property,” according to the firm.

For Ballesteros, this approach is positive for personalizing spaces, which is why it is a plus offered to the buyer who has access to a “blank canvas” to be able to condition their space to meet their particular needs.

“The surplus value generated by some of its areas, the type of buildings that comprise it and the diversity of amenities that appear in real estate projects, make the Mexican capital position itself as one of the hubs of ultra luxury most important in the region, at the level of the big cities of the world”, Ballesteros said.