Where to live in CDMX? Study indicates which are the safest and cheapest municipalities in rent

Millions of people have chosen to live in the Mexico City (CDMX), given its rich culture and the multiple job opportunities offered there. However, not all their municipalities have the same advantages.

Nowadays the Security has become a determining factor in the choice of housing, according to Inmuebles24, a real estate platform. Based on this perception, many people choose their place of residence.

This perception has directly influenced real estate market priceswith a 32% increase in rental costs in the mayor’s offices, which are considered the safest in CDMX.

Security perception and real estate market

In the first quarter of 2024, Benito Juárez, Coyoacán, Cuajimalpa de Morelos and Miguel Hidalgo They stand out as the safest municipalities in Mexico City, according to the results of the Urban Public Safety Survey (Ensu) of Inegi.

This information is crucial, as perceptions of safety have a direct impact on residents’ housing decisions.

Although Benito Juárez and Miguel Hidalgo are experiencing significant price growth, the municipalities of Coyoacán and Cuajimalpa de Morelos offer more affordable rental optionswith average prices of $14,677 pesos and $16,707 pesos, respectively.

The purchasing market also reflects these trends, with price increases per square meter ranging from 5% in Cuajimalpa de Morelos to an impressive 48% in Coyoacán. Miguel Hidalgo, with a higher price per square meter of $66,233 pesos, continues to be a highlight for real estate investment.

Determining factors in pricing

Alejandro García, Commercial Director of Inmuebles24, emphasizes that the Housing supply and demand continue to be the predominant factors in setting prices. In addition, it highlights that Miguel Hidalgo offers attractive investment opportunities, such as the Tacubaya neighborhood, with high investment returns and an excellent cost/benefit ratio.

This data not only reflects current real estate market trends in Mexico City, but also highlights how the perception of security can significantly influence the local economy.