Yeah, we all know that. But did you know that the increase is 6 points higher than the country’s average?
While the rest of Mexico is seeing increases ranging from 3.9 to 12.5 percent, southern Baja is reporting a whopping 15.7 percent increase in mortgaged homes. And let’s be real, this makes it pretty tough for most workers to find an affordable place to buy.
The rental market isn’t offering much relief either—rental prices have been skyrocketing alongside the cost of buying a home. It seems like more and more people are feeling the pressure of this rising real estate market. With limited housing supply and increased demand, finding a budget-friendly place is becoming quite a challenge.
Let’s hope we see some initiatives soon to help make housing more accessible for everyone in our beautiful region. Fingers crossed!
