Monterrey, Mexico
Real Estate in Monterrey, Mexico
Last updated on Jun 07, 2023
Summary: The most desirable neighborhoods in Monterrey, Mexico are San Pedro Garza Garcia, Santa Catarina, San Nicolas de los Garza, and San Jeronimo. On average, a nice 2 bedroom home in Monterrey can cost anywhere from $100,000 to $200,000 USD, while a nice 3 bedroom home can cost anywhere from $150,000 to $300,000 USD. These properties typically include modern amenities such as air conditioning, high-speed internet, and security systems. Foreigners are allowed to purchase property in Monterrey, however, they must obtain a permit from the Mexican government in order to do so. When searching for a home to buy in Monterrey, it is important to research the area and the local market. It is also important to work with a reputable real estate agent who is familiar with the area and can provide guidance on the best neighborhoods and properties. Additionally, it is important to obtain legal advice from a qualified lawyer to ensure that all paperwork is in order and that the purchase is in compliance with Mexican law.
How do I find a place to live in Monterrey?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Monterrey is to research online. Popular websites such as Airbnb, VRBO and Home Away offer a variety of rental listings from apartments, condos, houses, and villas. Additionally, online forums, such as Mexico's largest expat site Mexconnect, can provide valuable information about housing options in Monterrey. In addition to online research, it is also advisable to contact local real estate agents, who can provide potential renters with more personalized housing options and insight into Monterrey's real estate markets," remarked one member in Monterrey.
"We needed an area that was convenient to my husband's job. The plant he works at is outside the city in an area that is not very nice, so we had to strike a balance between amenities and convenience. We bought our property so we also wanted to find an area where we thought that prices may rise over the next few years. We ended up choosing a property in an undeveloped area on the outskirts of the city. It was particularly appealing as we knew the surrounding areas were earmarked for development. We also have the convenience of having the green areas of the countryside on our doorstep, with the convenience of the city just 5 minutes drive away," explained one expat living in Monterrey, Mexico.
Welcome Home MexicoConnect
Welcome Home Mexico occupies a niche in the market as a successful relocation and real estate firm helping expats moving to Mexico! As seen on CBS news, PBS, in the L.A. Times and more, we are one of the leading companies in this field. Welcome Home Mexico offers a wide range of services, multi-lingual knowledgeable brokers with experience, efficient and professional service.
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Welcome Home MexicoWelcome Home Mexico occupies a niche in the market as a successful relocation and real estate firm helping expats moving to Mexico! As seen on CBS news, PBS, in the L.A. Times and more, we are one of the leading companies in this field. Welcome Home Mexico offers a wide range of services, multi-lingual knowledgeable brokers with experience, efficient and professional service.
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What is a typical expat home or apartment like in Monterrey?
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About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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