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Read about what is happening in real estate market in Oaxaca
In the Oaxaca de Juárez real estate market, you can find a diverse range of properties to suit different preferences and budgets. These include colonial homes, apartments, townhouses, residential lots, and commercial properties.
Whether you’re looking for a historic residence or a modern investment property, there are options available to fulfill your requirements.
Unlike coastal areas, Oaxaca de Juárez is located inland, so the restricted zone regulations (within 50 kilometers from the coastline or 100 kilometers from borders) do not apply. Foreigners can directly purchase and own property in Oaxaca de Juárez without the need for a trust (fideicomiso) or a Mexican corporation.
However, it is still advisable to consult with a knowledgeable attorney or real estate professional to navigate the specific requirements and procedures involved in acquiring property as a foreigner in Mexico. This ensures compliance with local laws and a smooth transaction process.
Oaxaca de Juárez offers a variety of neighborhoods that cater to different preferences and lifestyles. Some of the popular neighborhoods for real estate investment include:
Centro Histórico: Known for its colonial architecture and vibrant cultural scene, Centro Histórico is ideal for those seeking historic homes or properties close to markets, restaurants, and cultural landmarks.
Jalatlaco: A charming, bohemian neighborhood with colorful streets and a relaxed vibe, Jalatlaco is popular for its restored colonial homes and proximity to the city center.
Xochimilco: One of the oldest neighborhoods, Xochimilco offers a mix of traditional homes and modern properties, known for its cobblestone streets and artisanal workshops.
San Felipe del Agua: Located just north of the city center, this upscale residential area is known for its quiet, green surroundings and modern homes, appealing to retirees and families.
As of July 2023, property prices in Oaxaca de Juárez can vary based on several factors, including location, property type, size, and condition. Here is an overview of the average price range for different types of properties:
Colonial Homes: The average price for a colonial home in Oaxaca de Juárez can range from $150,000 USD to $800,000 USD. The actual price depends on factors such as the neighborhood, historical significance, and restoration quality.
Apartments and Townhouses: The average price range for apartments or townhouses is approximately $80,000 USD to $250,000 USD. Prices vary based on location, size, and amenities like courtyards or modern upgrades.
Residential Lots: Residential lots for development are available, with prices starting at around $30,000 USD, depending on the size and location of the plot.
These prices are averages, and properties may be available at higher or lower prices depending on specific factors. It’s recommended to research current market conditions, consult with local real estate professionals, and thoroughly evaluate any property before purchasing.
Yes, Oaxaca de Juárez offers excellent potential for rental income due to its popularity as a cultural and tourist destination. The city attracts visitors year-round for festivals, culinary experiences, and historical exploration, creating a high demand for vacation rentals, particularly in the historic center and nearby neighborhoods.
To maximize your rental income, consider partnering with a reputable property management company. They can assist with marketing your rental property, managing bookings, and handling tasks like guest communication, cleaning, and maintenance.
Working with a reliable property management company ensures your property is well-maintained and effectively marketed, increasing your chances of securing consistent bookings and optimizing rental income.
Before investing in real estate in Oaxaca de Juárez, consider the following factors:
Location: Research neighborhoods to find one that matches your lifestyle and investment goals, such as proximity to cultural landmarks or quieter residential areas.
Budget: Establish your budget and account for additional costs like property taxes, maintenance, and potential restoration expenses for historic properties.
Property Inspection: Conduct a thorough inspection to identify any structural or maintenance issues, especially for older colonial homes, that could impact value or rental potential.
Legal Assistance: Hire a local real estate attorney to guide you through the purchase process and ensure compliance with Mexican property laws.
Market Trends: Stay updated on the real estate market in Oaxaca de Juárez, including price trends, rental demand, and urban development plans, to make informed investment decisions.
Have questions or need assistance? Reach out to our expert team at realestate@puerto-escondido.mx or call us at +52 954 151 0426. We’re here to help!
Looking for something specific or need insights about the real estate market in Oaxaca? Visit our blog or contact us directly. We’re here to assist you in making the best investment decision.
