High demand but low supply of properties has caused the price of housing in Baja California to skyrocket in the country, considered the national president of the Mexican Association of Real Estate Professionals (AMPI).
Karim Antonio Oviedo Ramírez assured that the areas that increased housing prices the most along with the State were Baja California Sur with 14% and Mexico City with 6.5%.
Baja California has reported a 12.4% increase in property costs, which translates into an average price of one million 937 thousand 971 pesos, according to data from the Federal Mortgage Society.
He pointed out that the lifestyle is expensive compared to other places within the Mexican Republic, in addition to the fact that the state's "dollarization" condition has influenced the costs of real estate.
The president of AMPI Nacional added that the migration situation will also have an impact on the purchase and sale of properties, given the need for workers or families to find a place to live.