The value added of real estate in Mexico was 2.5122 trillion Mexican Pesos in 2023. The sector demonstrated consistent growth from 2013 to 2023, with only a slight dip in 2020. Over the last five years, the compound annual growth rate (CAGR) averaged 2.68%, showing a moderate but consistent upward trend. Notably, the year-on-year variations ranged significantly, peaking in 2022 with an 8.02% increase and reflecting a strong recovery post-2020 downturn.
For 2024 and beyond, the forecast indicates a stable yet slower growth trajectory, with a forecasted 5-year CAGR of 1.91% and an estimated total growth rate of 9.9% by 2028.
Future trends to watch for include:
- Potential impacts of economic policies on the real estate market.
- Shifts in demand for residential versus commercial real estate.
- Influence of technological advancements in property management and development.
- Potential economic fluctuations affecting investment attractiveness in the sector.
