PHOTO: DEVELOPMENT “EL MORO” IN HISTORIC CENTRE OF OAXACA
May 1st, 2024 Sales DepartmentMexico is a country steeped in history and culture, where the legacy of ancient civilizations is intertwined with modernity. One of the most distinctive characteristics of Mexico are its historic cities, true treasures that offer a unique opportunity to invest and prosper. On this occasion we will explore the reasons why investing in these types of cities is a smart and rewarding decision.
- Cultural Heritage and Tourism
Mexico’s historic cities are world-renowned tourist destinations. Places like Oaxaca de Juárez, Guanajuato, San Miguel de Allende and Morelia attract millions of visitors each year, eager to explore their cobblestone streets, charming plazas and historical monuments. For example, Guanajuato received more than 3 million visitors in 2019, while Oaxaca exceeded 2 million tourists the same year, according to data from the National Statistical and Geographic Information System (INEGI). These figures show the tourism potential of these cities, which translates into investment opportunities in the real estate, hotel, restaurant and entertainment sectors.
- Stability and Valuation of Assets
Historic cities tend to be more politically and economically stable, making them attractive places to invest. According to the National Institute of Statistics and Geography (INEGI), the capital gain of properties in historic areas has experienced a constant increase in recent years.
Additionally, property values in these areas tend to increase over time, as demand for housing and commercial space in historic settings remains high, while supply is generally limited.
- Infrastructure and Quality Services
Many historic cities in Mexico have undergone urban renewal in recent years, significantly improving their infrastructure and services. According to data from the Sustainable Regional Tourism Development Program (PRODERE), more than 500 million pesos have been allocated in the last five years for the restoration and conservation of historical heritage in various cities in Mexico.
This investment in infrastructure not only improves the quality of life of residents, but also increases the attractiveness of these cities to visitors and potential investors. From roads to public services, these cities are equipped to meet the needs of residents and visitors, making investing in them even more attractive.
- Lifestyle and Wellness
Investing in property in a historic city is not only a smart financial decision, but also offers an unparalleled lifestyle. These cities often have a unique atmosphere, with a rich cultural life, delicious cuisine and a welcoming community. For those looking to escape the hustle and bustle of urban life, living in a historic city may be the perfect solution.
- Investment Diversification
Investing in historic cities in Mexico can also be a way to diversify your investment portfolio. Rather than focusing solely on properties in modern urban areas, considering including properties in historic cities may offer greater stability and long-term growth potential.
According to data from the Bank of Mexico, the real estate sector in historic cities has shown greater resistance to market fluctuations compared to other urban areas. This is due in part to the continued demand for properties in historic areas from tourists and residents, providing stability and long-term growth potential for investors.
In conclusion, Mexico’s historic cities are much more than just tourist destinations; They are centers of culture, history and investment opportunities. From the impressive architectural heritage to the unparalleled lifestyle they offer, investing in these cities is an exciting and rewarding decision. Whether you are looking for an investment or a life change, Mexico’s historic cities have much to offer.