Mexico City’s Resurgence Into a Cultural Beacon

Mexico City is one of the world’s top places for quality of life, says Laura de la Torre de Skipsey, real estate professional, Mexico Sotheby’s International Realty. The capital city, known for its spectacular art and archaeological museums, world-class shopping, exciting nightlife, and acclaimed restaurants, is a magnet for Americans and Canadians looking for a metropolitan lifestyle, de la Torre de Skipsey says.

“We’ve seen a big influx of remote workers from America and Canada who can buy a home here and experience an amazing quality of life,” she says. “American manufacturers are also coming to Mexico and bringing their executives here, plus we have expats from all over the world who want to enjoy the city and resort areas.” In addition to Mexico City, de la Torre de Skipsey says Europeans and Americans are investing in property in Oaxaca, Escondido, Puerto Vallarta, and Riviera Maya. “The key factors encouraging people to buy property here are the lifestyle and the culture, especially in the city,” she says. “Plus, Mexico is close to the U.S. and easy to get to. Europeans are especially drawn to the resort communities for second and third homes.” For many years, all her clients were Mexicans, de la Torre de Skipsey says. 

“Now, more Americans and British families are buying single-family homes in the city in neighborhoods like Las Lomas because that’s where a lot of American, British, and French schools are located,” she says. “People looking for nightlife and the city lifestyle are drawn to Condesa and Roma, which are already expensive and well-known.” The neighborhoods of Colonia and Polanca are also popular, especially the new Rubén Darío 225 tower, which has US$4 million to US$10 million apartments with room-sized terraces overlooking the city.“

Five years ago, our market wasn’t anything like this, but now North Americans and Europeans are recognizing the value they can get investing in Mexico, along with the culture,” de la Torre de Skipsey says. “This is only the beginning of the growth of the luxury market here.”