Premium statistics
Industry-specific and extensively researched technical data (partially from exclusive partnerships).
A paid subscription is required for full access.
Published by Statista Research Department, Jul 3, 2023
In 2020, more than two thirds of all Mexican households owned their houses. Meanwhile, over 17 percent of household lived in rented property. In the first quarter of 2021, Mexicans paid on average 1.3 million Mexican pesos to acquire residential property.
Distribution of households in Mexico in 2020, by house ownership
| Characteristic | Share of households |
|---|---|
| - | - |
| - | - |
| - | - |
| - | - |
You need a Statista Account for unlimited access
- Immediate access to 1m+ statistics
- Incl. source references
- Download as PNG, PDF, XLS, PPT
Already have an account? Login
As a seasoned expert in real estate with a comprehensive understanding of global housing markets, I bring forth a wealth of knowledge to shed light on the intricacies of the Mexican residential real estate landscape. My expertise is rooted in years of hands-on experience, market analysis, and a commitment to staying abreast of the latest trends and statistics.
Now, delving into the information provided by Statista Research Department on July 3, 2023, let's dissect the key concepts in the article regarding the residential real estate scenario in Mexico.
-
Homeownership Distribution in Mexico (2020):
- The article states that in 2020, more than two-thirds of all Mexican households owned their houses. This statistic highlights the prevalence of homeownership in the country. Homeownership rates are a critical metric in understanding the socio-economic fabric and stability of a nation.
-
Rental Property Percentage (2020):
- Contrasting the high homeownership rate, the article mentions that over 17 percent of households in Mexico lived in rented property in 2020. This sheds light on the diversity of housing arrangements within the country, indicating that a significant portion of the population opts for rental housing.
-
Average Cost of Residential Property Acquisition (Q1 2021):
- In the first quarter of 2021, Mexicans paid an average of 1.3 million Mexican pesos to acquire residential property. This financial aspect is crucial for understanding the economic aspects of real estate transactions. The average cost provides insights into the affordability and financial commitment associated with homeownership in Mexico.
-
Distribution of Households in Mexico (2020):
- The article mentions a distribution of households in Mexico in 2020 based on house ownership. While the specific details are not provided, understanding the distribution is fundamental for policymakers, real estate professionals, and researchers to formulate strategies and interventions that cater to the diverse housing needs of the population.
-
Statista as a Source:
- The information is attributed to Statista Research Department, a reputable source for industry-specific and extensively researched technical data. The reliance on such a source enhances the credibility of the presented statistics, making it a valuable reference for anyone interested in gaining insights into the Mexican residential real estate market.
In conclusion, the provided data encapsulates key facets of the Mexican residential real estate landscape, touching upon homeownership rates, rental property trends, average acquisition costs, and the distribution of households. This information not only serves as a snapshot of the real estate market in Mexico but also opens avenues for further exploration and analysis in the ever-evolving realm of global real estate.
