Housing placement falls 5.4% in Monterrey and despite this it remains the most dynamic market at the national level

The metropolitan area of Monterey, Nuevo Leonrecorded a drop in terms of housing placement; however, the region remains the most dynamic at the national level in terms of home sales, according to the consulting firm Tinsa.

According to the firm’s reports, at the end of the third quarter of 2022, 16,509 had been placed households in the accumulated of the year, that is, 5.4% less than what was placed in the same period of 2021.

According to the real estate consulting firm, in the face of rising interest rates and higher property prices, Nuevo León concentrates 17.4% of the volume of mortgage loans nationwide.

“In the accumulated of the year, 16,000 uhousing units new to the real estate market in the metropolitan area of Monterreyremaining the most dynamic metropolitan area and state in terms of housing displacement in the country with 17.4% of the volume of mortgage loans placed at the national level,” said Tinsa.

Although Nuevo León remains the most dynamic state in housing matter, this is also reflected in the production numbers. For example, during the first nine months of the year, 16,848 houses were built in the state, according to data from the Single Housing Registry.

Despite these results that demonstrate the leadership of Nuevo León in the real estate sector, the state has also suffered the ravages of inflation, since construction decreased 22.5%, since, in the same period of 2021, 21,765 units had been built. .

During the third quarter of the year, the results of Tinsa registered a displacement of 5,707 units, the general variation was 10% compared to the previous quarter, when 5,187 units were placed. households.

Trends and zones

Regarding consumer purchasing trends in Nuevo León, it was observed that the municipalities of MonterreyJuárez and García were the most popular, accounting for 48% of sales.

In addition, buyers showed a preference for horizontal houses, with a 76% share of total sales, compared to 24% for apartments in vertical developments.

Enter the offer Monterey metropolitan areahighlights the living place of social level, which represents 71% of the 408 active projects, according to Tinsa.

It is worth mentioning that this type of houses or apartments have an average price of 10,775 pesos per square meter.

On the other hand, middle-class residential properties accounted for 14% of the offer, while the residential and residential plus segments participated with the remaining 15%.

These last three categories present an average price per square meter of 22,379; 45,594 and 81,958 pesos.