Cultural offer and infrastructure, characteristics that boost housing value in Coyoacán

Mayor’s office Coyoacan from Mexico City is recognized for its cultural and tourist offer, as well as for its architectural style, which has made it one of the favorites to live among locals and foreigners.

in a context real estateit was observed that the capital gain of the properties of the San Diego Churubusco neighborhood —located in said demarcation— rose 441% at the end of 2022, which positioned it as the area of ​​the capital with the largest increase in the year. property valueaccording to the study “Where to invest in Mexico City 2022”, prepared by the proptech La Haus.

“It goes without saying that Coyoacan It stands out for a high concentration of cultural and tourist infrastructure. Sites such as the Frida Kahlo Museum, the University Museum of Contemporary Art, the Anahuacalli Museum, the León Trotsky House Museum and more are housed here”, highlighted the firm.

Within this city hall are also the educational headquarters of the Autonomous University of Mexico (UNAM) and the Metropolitan Autonomous University (UAM), which increases the value and housing demand.

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As for the San Diego Churubusco neighborhood, it is important to say that it is a territory known for its architecture, since it concentrates a variety of cultural venues, historical buildings and green areas; such as the Plaza del Batallón de San Patricio, the Xicoténcatl Park, the Casa de Coahuila, the Enrique Lizalde and Rodolfo Usigli Theaters, among others.

“Desired for its residential and commercial nature, this area reported an average value per square meter of 63,172 pesos,” the analysis indicated.

The second neighborhood with the highest price increase per square meter at the time of sale at the end of 2022 was Club de Golf México (137%), located in Tlalpan. The price per square meter was placed at 49,054 pesos. The complete ranking is as follows:

It is worth mentioning that in the neighborhoods of Del Niño Jesús, La Loma and Industrial the price increase per square meter was between 32 and 37 percent.

Investment projections

Figures from the National Institute of Statistics and Geography (INEGI) show that, in Mexico City, there are an average of 2.75 million households. In this way, the capital ranks second nationwide in number of inhabited properties, which represents a high growth potential for the property purchase and sale sector.

In this sense, by making an analysis of the demand, surplus value and sales in the different areas of the big city, La Haus determined that the neighborhoods with the best projections for homebuying were:

1. Colonia La Martinica in the mayor’s office of Álvaro Obregón.
2. Colonia Santo Domingo (Pedregal de Santo. Domingo) in the mayor’s office of Coyoacan.
3. Oriental Agricultural Colony in the Iztacalco mayor’s office.
4. Colonia Expansion Civil Aviation in the Venustiano Carranza mayor’s office.
5. Industrial Colony in the Gustavo A. Madero mayor’s office.

In this case, the first place was occupied by La Martinique, whose average value per square meter of households is 42,296 pesos, while its approximate area is 78 square meters.

The Álvaro Obregón delegation, the mayor’s office in which La Martinica is located, borders to the east with the Benito Juárez and Coyoacanto the south with Magdalena Contreras and Tlalpan, to the north with Miguel Hidalgo and to the west with Cuajimalpa and the State of Mexico.

It is the third most populated district in Mexico City, behind Iztapalapa and Gustavo A. Madero, with more than 750,000 inhabitants. In addition, it has restaurants near the Expo Santa Fe México complex.