The Historic Center of Chihuahua city has been included in the national list of Barrios Mágicos (Magical Neighborhoods). In January 2024, the state launched its own Traditional Towns program, with the first edition recognizing and five municipalities: Guerrero, Jiménez, Riva Palacio, Rosales and Allende

Statistics suggest that Chihuahua is one of the fastest-growing regions for nearshoring, along with Coahuila and Nuevo León. For this reason, Chihuahua will host the Mexican Association of Real Estate Professionals’ (AMPI) national convention next year, which is expected to attract more than 1,200 national and international real estate consultants.

Real estate opportunities in Chihuahua to look out for in 2025

Downtown Chihuahua city

On the corner of Avenida Independencia and Calle Morelos stands the historic building known as La Nacional, constructed in 1940. In its early years, it housed an insurance company. Recognizable by its quarry facade and foyer featuring onyx stone details, this building has been restored while preserving its original design. Some of the building’s apartments are currently for sale, and they are true gems, both for their historical value and modern touches.

Creel

Nestled in the enchanting woods of Creel, Chihuahua — a Pueblo Mágico located in the Sierra Tarahumara, home to the Rarámuri people — this cabin sits on a plot totaling 3,043 square meters. The home spans 91 square meters, is completely new and offers water and electric services. Undoubtedly, the added value of this property lies in its natural setting.

Cuauhtémoc

This classic rustic Mexican home is situated on a single floor. With a total area of 645 square meters and an equal area of construction, this space is filled with light, green areas, wooden floors, skylights and numerous windows. Among other amenities, it features five bedrooms, a foyer with a fireplace and a half bath, a bar, a wine cellar, a laundry room, a garage for three cars, solar panels, a hydropneumatic system and an alarm system. It is located in the third most important city in Chihuahua, known as the land of the three cultures for being the cradle of the Rarámuri, mestizo and Mennonite cultures.

San Felipe

Located in one of the most important neighborhoods of Chihuahua city, the state’s capital, this house is built on a single floor and features a beautiful terrace. It has a construction area of 279 square meters and a total area of 420 square meters and includes three bedrooms, three parking spaces and stunning wood floors. One of its greatest points is an apartment in the back, which is available for remodeling.

Saucito, Chihuahua city

Located in the “commercial, culinary and social heart of Chihuahua,” this loft boasts an attractive design and offers amenities such as a pool on its terrace and a dining room with a view. The space is filled with natural light due to its numerous windows. The building also features a gym and private security, among other facilities.

Villa Valle de Allende

Located Allende, in one of the municipalities recently designated as a Traditional Town by Chihuahua’s tourism authority, this house-apartment is situated in the heart of downtown, which is a gem in itself. The construction spans 193 square meters, with a total area of 229 square meters thanks to its small garden. It features two bedrooms, one and a half bathrooms and a well-thought-out layout.

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In addition to Sonora’s natural beauty, its rich history also serves as a profound source of inspiration for architectural creation. Old factories, disused warehouses and former prisons provide a canvas on which architects can freely express their creativity.

Follow along for our selection of some of the most original examples of new architecture in Sonora.

Architecture in Sonora: a conversation between the Colonial and the Contemporary 

Sonora House

This residence resembles something out of a fantasy world, showing off a Tim Burton-esque flair while also paying homage to the styles of Mexican architects Luis Barragán and Ricardo Legorreta. The house has gained fame for its originality and its story is equally extraordinary. 

Commissioned by a Mexican family, Russian architects Davit and Mary Jilavyan crafted this creation in the heart of the Sonoran Desert. Over time, the family stepped back from the project, allowing the architects to pursue their vision freely. Its garden, featuring cacti and biznagas, along with irregular windows and enchanting nighttime illumination, creates a perfect blend of surrealism and a lucid dream come to life.

Colegio San José 

A pair of 1950s warehouses pay homage to the grandeur of ancient cellars while intelligently integrating modernity and its technology. Designed by Carte Architects, this space houses the Colegio San José, an educational institution that champions architecture and innovation in Sonora. 

Sustainability is central to the Colegio San José’s design, which includes solar panels for generating electricity, a greywater treatment system for irrigating the school’s gardens and strategically placed roofing for solar protection.

Bar del Parque La Ruina

This establishment has rapidly become an architectural landmark in Sonora. Located in Hermosillo, the state capital, an old textile factory has been revitalized and transformed into a contemporary bar that serves as a hub for events, nightlife and gastronomy. 

A standout feature of La Ruina is its open spaces, which provide views of the sky while preserving the original walls. The design is unique, featuring a marble roof that stretches from wall to wall and aged mirrors framed in wood salvaged from the old factory.

Museo Regional de Sonora

A former prison inaugurated in 1908 now houses the Museo de Sonora, one of the state’s most significant cultural institutions. The building underwent careful restoration in 1982 by the National Institute of Anthropology and History (INAH), which has preserved much of the original architecture while providing contemporary restoration elsewhere. 

Today, the museum boasts 18 permanent exhibition rooms, five temporary exhibition rooms and a 130-seat auditorium with 130. Its beautiful stone facade and main hall, which features a glass ceiling, harmoniously blend modern additions with the original architecture.

Museo de Arte de Sonora

Inaugurated in 2009, the 5,000-square-meter building that houses the Sonora Museum of Art (MUSAS) stands as one of the state’s most complete cultural spaces. It includes spacious circulation areas, courtyards, warehouses, workshops, as well as office and residential spaces and six impressive exhibition halls. 

One of its main aesthetic features is the facade, adorned with polymer concrete panels and large transparent windows that create a striking contrast; its curvilinear shape is yet another distinctive element.

Museum and Library of the University of Sonora

Though this Hermosillo building dates back to 1948, its design is as fresh now as it ever was. It is currently the most photographed monument in the city, thanks to its Soviet-inspired architectural style, which also incorporates elements of traditional Arabic-Spanish design. One side of the building reflects functionalist architecture, while the interiors are elegant, showcasing touches of Art Nouveau. This structure is truly a gem.

Ana Paula de la Torre is a Mexican journalist and collaborator for various outlets including Milenio, Animal Político, Vice, Newsweek en Español, Televisa and Mexico News Daily.

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Kimpton, IHG Hotels & Resorts’ luxury and lifestyle brand, is coming to the northern city in 2026 just in time for the World Cup. Monterrey will play host to four World Cup matches.

The property will be situated in the still-under-construction skyscraper Torre Rise, expected to be Latin America’s tallest tower, according to GlobalData, a data analytics and consulting company headquartered in London.

Leanne Harwood, Kimpton’s managing director of luxury and lifestyle, spoke to Global Data about growing the company’s presence within Mexico. “Kimpton Monterrey is poised to bring its distinct perspective, refined style and innovative restaurants and bars to this key international market,” Harwood said.

The new hotel will be owned by the local real estate company Grupo Alora and operated by Monterrey-based Marca Hotel Solutions.

Trade industry publication Upgraded Points reported that the Kimpton Monterrey will have 120 guest rooms and suites, plus 60 private residences. The property promises views of Monterrey’s cityscape and the surrounding mountains. Global Data also reported that hotel guests and residents will have exclusive access to the Torre Rise sky deck, a performance center, an elevated park and luxury retail options.

Among the amenities that will be found on site are an indoor pool, sauna, massage treatment rooms, a full-service restaurant and a lobby lounge. Additionally, Kimpton-specific perks like a daily social hour and pet-friendly policies will be featured.

The new hotel will be Kimpton’s sixth property in Mexico. The company has hotels in Mexico City; Todos Santos, Baja California Sur; and Tulum, Quintana Roo. New properties will open soon in Playa del Carmen, Quintana Roo, and in the Polanco neighborhood of Mexico City.

The hospitality design publication Hotel & Resort Design South reported that the 2026 World Cup has encouraged many hotel brands to expand into Monterrey. Tru by Hilton opened its new 120-room Tru by Hilton Monterrey Fundidora in 2023, while Thompson Hotels is building the 150-room luxury Thompson Monterrey which is set to open next year.

With reports from Hospitality Net, Global Data, Upgraded Points and Hotel & Resort Design South

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Aguilar told the newspaper El Economista that in the first 10 months of this year, more than 800,000 people stayed at one of the 19 hotels comprising the Expo Guadalajara Club, a conglomerate of hotels surrounding the Expo Guadalajara. During this period, these hotels reported booking 600,000 rooms and an economic revenue of 700 million pesos (US $34.4 million).

“The 19 hotels that make up this group have cutting-edge infrastructure, with an offer of around 3,400 rooms, which makes Guadalajara a fairground and hotel area without comparison at the national level,” Aguilar said. 

According to Aguilar, the Expo area has seen around 5,000 events this year, including those hosted at Expo Guadalajara, Mexico’s largest event venue. 

With a total surface area of ​​119,000 square meters and a capacity for 60,000 people, the Expo hosts over 1,200 events each year and attracts around 2.1 million national and international visitors. 

Some of the scheduled events at the Expo for the next three years include the 2027 World Congress of Dermatology, the 2027 World Congress of Physiotherapy and the 2028 International Conference on Robotics and Automation.

Beyond this hotel complex, other areas of Guadalajara are also attracting hotel investment.  

Within the next two years, six new hotels from international chains plan to open in the city, with a total investment of 2 billion pesos (US $96.4 million), Aguilar said. These will mainly be business hotels, averaging around 150 rooms each. 

Some will be located along the airport highway and Periférico Sur, one will be located in the historic center of Zapopan, and another will be located in the Providencia neighborhood, Aguilar added.  

One of the Expo’s largest events is the Guadalajara International Book Fair (FIL), the largest book fair in the Spanish-speaking world, which will kick off on Nov. 30. Last year, this event drew over 800,000 visitors to the Expo, breaking the FIL’s previous attendance record. 

With reports from El Economista

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Among its cultural wealth, the state’s architecture is a standout.  Cities like Veracruz, Tlacotalpan, Xalapa, Coatzacoalcos and Córdoba are architectural treasure troves. Between the 16th century and 1925, architecture in Veracruz was influenced by the Spanish colonial style, with Baroque and Neoclassicism being the most prominent architectural movements of the colonial period. Following the Mexican Revolution, 20th-century architects incorporated influences from styles such as Art Deco, Brutalism, Organicism, and Functionalism.

The 21st century is ushering in a fresh wave of architectural approaches in Veracruz too. Since the turn of the millennium, the state has been home to iconic architects like Enrique Murillo and Danilo Veras Godoy. Firms including Rafael Pardo Ramos, RP Architects, Open Arquitectura, Taller DIEZ 05, Taller ADC and Taller Multidisciplinar contribute to a new architectural identity in Veracruz. 

Foro Boca

One of the most remarkable public buildings in Mexico in recent decades is Foro Boca, designed by Rojkind Arquitectos. This venue, dedicated to music and the arts, features large volumes of concrete arranged dynamically. It houses a concert hall with a capacity for 966 spectators, accommodating classical, traditional and popular music performances, as well as theater, dance and film presentations. Located in Boca del Río, one of its primary objectives is to revitalize the city and create a place for encounter and creativity.

Toks restaurant

The Legorreta firm, continuing the legacy of the renowned architect Ricardo Legorreta, has transformed the 17th-century ex-convent of Santo Domingo into a charming restaurant.

Located in the historic center of Veracruz, this building is one of the oldest in the city, founded by the Dominicans in 1651. Over the years, it has served various purposes and the recent restoration aimed to keep its structural essence while introducing a refreshing touch of modernity.

Situated in the port of Veracruz, the Veracruz Business Center is an office building notable for its distinctive facade, which takes center stage. The designers employed innovative and cost-effective materials to create a unique facade pattern that blends elements of Brutalism and Functionalism. Inside, the sense of airiness and space is enhanced by natural light and high ceilings. Materia Arquitectónica, known for its emphasis on light, geometric patterns and open spaces, is the creative force behind this project.

Casa Iguana and del Árbol

Casa Iguana, designed by Obra Blanca, evokes a sense of being outdoors through its intelligent spatial distribution. The interplay of light, open space and the arrangement of the structures is remarkably creative. The house is essentially divided into three independent volumes connected by a bridge, delineated by three lattice walls made of adobe sills, which reinterpret the wall and balcony finials found in some traditional constructions of the region. The finish of the adobe walls is both elegant and minimalist.

Casa del Árbol, also designed by Obra Blanca, was conceived around a 9-meter-diameter ceiba tree, with some of its branches integrated into the interior elements. Full of light, glass and vibrant Mexican colors, yet maintaining a sense of sobriety, this house has become a new classic in Veracruz. The space is divided into three blocks, featuring interior courtyards in various areas of the residence, large windows overlooking the garden and protection from the sun’s rays provided by the expansive canopy of trees. The design encourages a gradual discovery of the ceiba trees and their elements.

Casa del Abuelo

Casa del Abuelo, created by Taller DIEZ 05 and located in the city of Córdoba, serves as a public care center for the elderly. Designed on a single level to facilitate mobility for its users, the space encourages engagement with the surrounding trees and is intended to promote communal activities and a sense of community. Its elegant and dynamic design enhances the overall experience.

The design of Plaza Marina Mercante by Taller DIEZ 05 is delightful. Overlooking the port of Veracruz, it was created to foster community interactions while inspiring contemplation and creating pauses within a cohesive space. Visitors are invited to walk through the area, while also finding spots to sit and appreciate the surroundings. Its concrete cubicles frame ocean views in an elegant manner. This public square is part of a larger urban regeneration project in the area and is now recognized as a valuable heritage site for the city.

The now-iconic Zoncuantla Apartments, designed by renowned architect Rafael Pardo Ramos and RP Arquitectos, emphasize views and nature, incorporating over 60 percent green space within the mesophilic forest along the old Xalapa-Coatepec highway. The design encourages contemplation of the environment, featuring four light-filled apartments with a facade that evokes materials such as wood, adobe and earth tones. This project is characterized by an abundance of terraces and a sense of openness.

Ana Paula de la Torre is a Mexican journalist and collaborator for various outlets including Milenio, Animal Político, Vice, Newsweek en Español, Televisa and Mexico News Daily.

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The Historic Center of Villahermosa, known as Zona Luz, was recently selected as a Barrio Mágico. Covering 143 hectares, this special area includes five fully pedestrianized cobblestone streets and is home to some of the oldest buildings in the city, along with shops, restaurants and cafes. 

The beauty of downtown Villahermosa has also been enhanced by factors that increase its value. According to the Mexican Association of Real Estate Professionals (AMPI), real estate in Villahermosa has risen by between 20% and 40% in recent years. This, of course, makes it an attractive location for people looking for affordable real estate and a chance to savor life in the real Mexico.

What is special about downtown Villahermosa?

First and foremost, its history. The fact that the traditional neighborhoods of Villahermosa still stand today is largely a miracle. Founded between 1540 and 1557 by a group of Spaniards, the city endured systematic pirate sieges from 1557 to 1795. This was followed by the American invasion in 1846 and 1847, the French occupation from 1863 to 1864 and the Mexican revolution during the first half of the 20th century. 

In Zona Luz, you will find El Playón, where Tabasco’s first airstrip was located, as well as the traditional neighborhoods of Santa Cruz, Esquipulas, La Concepción and La Punta. The charm of this zone is accentuated by colorful buildings with an eclectic blend of neoclassical and baroque architecture. If you’re sightseeing in town, you cannot miss these iconic landmarks, complemented by the famous streets of Narciso Sáenz and Juárez: 

• Casa de los Azulejos, now home to the Tabasco History Museum
• The Juárez Institute
• The National Bank of Mexico Building
• The Tabasco Government Palace

The beauty of Villahermosa’s downtown is further enhanced by the recently restored Carlos Madrazo promenade overlooking the Grijalva River, which features seven hectares of restored sports facilities, 18,000 square meters of parks, and a nearly six-kilometer bicycle path, along with the restoration of Parque Los Pajaritos. Additionally, more than 150 shops located on Paseo Tabasco Avenue will preserve buildings of historical value as part of efforts to revitalize the area.

The rise of real estate in Downtown Villahermosa

The inclusion of downtown Villahermosa in the list of Barrios Mágicos has been a significant factor in the increase of real estate investments in the city. Earlier this year, former President Andrés Manuel López Obrador visited Villahermosa to inaugurate infrastructure projects as part of an urban improvement program, with an investment of at least 3 billion pesos.

Villahermosa experienced a boom in the 1960s due to the expansion of the oil industry in the area. Today, this sector continues to grow, contributing to the demand for rental and purchase of real estate in the city.

Villahermosa’s “warm climate, lush nature, and rich culture, with gastronomic options, outdoor activities, and a welcoming atmosphere,” make the city an ideal place to visit, according to a report by Coldwell Banker Real Estate.

The same document highlights the economy and opportunities associated with the energy sector, sustainable urban development with modern infrastructure, shopping centers, and amenities that enhance quality of life. It also emphasizes ongoing improvements in urban infrastructure, including roads, public transportation, and basic services. 

Additionally, the tropical climate supports an outdoor lifestyle, featuring abundant green spaces and terraces, as well as lush vegetation surrounding the city, including parks, lagoons, and ecological reserves such as La Venta, the incredible archaeological site featuring the famous Olmec heads.

If you’ve visited or invested in Villahermosa recently, why not let us know in the comments?

Ana Paula de la Torre is a Mexican journalist and collaborator for various outlets including Milenio, Animal Político, Vice, Newsweek en Español, Televisa and Mexico News Daily.

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The investment will be split between a fifth Be Grand Alto tower in Polanco, and a first-of-its-kind Be Grand Ocean Nuevo Nayarit, the firm’s inaugural beach destination property. 

The new developments follow several announcements about Be Grand’s expansion plans in other parts of Mexico. 

“Potential investors had been telling us we were too concentrated in Mexico City,” Director of Be Grand Nicolás Carrancedo said in a 2023 interview with Bloomberg. “So, [the new developments] are all part of our plans to diversify.”

In June, the company announced a goal of developing 5,000 luxury apartments in Mexico over the next five years, in response to the resurgent housing market in many metropolitan areas of the country.

Nationwide, housing prices saw a nominal increase of 26.7% between 2015 and 2023, when adjusted for inflation. This real estate boom is driven by robust upper-middle-class demand and a steady flow of foreign homebuyers. 

“Our client … is a working professional, successful, busy. They are looking to buy a house and not have to worry about it, they don’t have the time,” Carrancedo told the news magazine Expansión in 2023. Be Grand properties range in price between 3 million (US $146,000) and 12 million pesos (US $583,500), approximately double the average home cost in Mexico.

 

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As part of the company’s expansion plans, Be Grand recently bought a 50% stake in six apartment buildings in Mexico City and Monterrey, which will be launched under the firm’s newest brand — Vitant by Be Grand. 

In addition, Be Grand is building a complex of four residential towers in Guadalajara — its first location in Jalisco — requiring an initial investment of 2.5 billion pesos (US $121.2 million).

According to Carrancedo, some of the company’s recent developments have been positioned at a lower price point to appeal to a broader market.

The strategy behind Vivant by Be Grand, for example, involves renovating existing apartment buildings and offering smaller units at price points ranging from 1.5 (US $73,000) to 6 million pesos (US $292,000).

Be Grand is a Mexican company that offers a portfolio of high-quality properties in AAA-rated areas, including 18 in Mexico City, six in Spain, and six between Guadalajara and Monterrey. 

With reports from El Economista, Real Estate Market, Expansión and Bloomberg

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Projections for real estate in Mexico, both residential and commercial, for the period from 2024 to 2029 are optimistic. According to an analysis by Mordor Intelligence, the residential real estate sector in Mexico is expected to grow by 4.14% during this period. But what does investing in property here actually get you?

Well, look no further, because here is our selection of some of the best real estate deals currently available in Mexico.

Nature melds with modern architecture in Oaxaca

With a delicate and elegant design by architect Juan José Rivera Río, this construction blurs the boundaries between interior and exterior spaces as its simple lines harmonize with the surrounding nature. Located in Huatulco, along the beautiful Pacific coast, this area is experiencing growth while maintaining a low profile compared to other Mexican beaches. Here, you will experience spaciousness and breathtaking views of the ocean. Amenities include saltwater swimming pools, a hydro-massage pool, a wellness center and a gym. The development offers houses ranging from 180 to 435 square meters in size, with two to four bedrooms and two to five bathrooms, depending on your preference.

Colonial elegance in the heart of Mérida

This colonial home in the Historic Center of Yucatán’s capital features beautiful architecture, with high ceilings, large windows and skylights that create a sense of open space and light throughout the property. The walls and ceilings preserve some of the original materials, adding a special charm with a modern touch. The ceramic floors, rustic doors, ironwork and expansive garden filled with amate, the sacred Maya tree, along with the original facade.

The property’s charms are only enhanced by its proximity to major landmarks like Parque La Ermita de Santa Isabel.

An eco-abode on the Oaxaca Riviera

This stunning architectural project is situated on one of the most beautiful beaches in Oaxaca, Santa Elena del Tule. The views from the property are spectacular, with the Pacific Ocean in front and the rock formations of the Sierra Madre del Sur surrounding it. The renowned architect behind this project is Bernardo Quinzaños of firm CCA.

The location provides a sense of intimacy and pristine nature, as it is only 40 minutes from Puerto Escondido. The property offers amenities such as massages, an outdoor jungle gym, a bar, an organic vegetable garden, meditation and yoga sessions and the option of a personal chef who can prepare dinners in the comfort of your home or provide cooking classes to help you learn new culinary skills. The construction size is 125 m², with 1-2 bedrooms and 1 bathroom.

An original gem in San Miguel de Allende

Casa Palikao is truly a gem in a town renowned for its quality of life. Located in the heart of San Miguel, the house dates back to 1764, with its iconic central courtyard and high ceilings reminiscent of the classic 18th-century haciendas. The renovation was overseen by internationally acclaimed interior designer Anne-Marie Midy and local landscape designer Timoteo Wachter. The property features seven bedrooms, eight bathrooms and a total area of 1,157 square meters. One of its main attractions is the beautiful pool at the center of the house.

The perfect house for entertaining in Valle de Bravo

Situated in a privileged setting with stunning views of a private lake and just a couple of hours from Mexico City, Cardo Santo was designed by the renowned architect Manuel Cervantes Céspedes. It is part of a collection of farmhouses following the farm-to-table concept. Each house features its own garden, and the community was envisioned as a gastronomic hub surrounded by trails, orchards, gardens and water features. The property offers four bedrooms, four and a half bathrooms and 406 square meters of construction.

The quintessential Cuernavaca home

This property embodies a beautiful Mexican rustic design, reminiscent of ex-haciendas, yet with a distinct 1950s Cuernavacan style. The property features a spacious layout, a central pool surrounded by a lovely garden, adobe floors and talavera tiles. The house has a total area of nearly 660 square meters with 151 square meters of construction, and includes three bedrooms and two bathrooms.

A Puebla hideaway

This property spans 1,487 square meters and exemplifies the classical rustic style of Mexico. The house is all on one level, featuring high ceilings and mud floors that showcase its stunning beauty. It includes four bathrooms, three bedrooms, a beautiful pool, a garden and terraces.

Rustic sophistication in Tlalpan

Filled with light, this house features high ceilings and represents the rustic classical Mexican construction style that is both elegant and simple. Featuring wood and stone elements, the property includes three bedrooms and three bathrooms, with a total area of 660 square meters and 327 square meters of construction. Situated in one of the most beautiful areas in Mexico City, near the southern forest, the garden and layout of the spaces in this property are major highlights.

A turn-of the century palace in Santa María la Ribera

This area of Mexico City is undergoing growth and revitalization. Filled with colonial houses, the potential of this zone is remarkable. Cedro 328 is a prime example. Built in 1900, this property is currently undergoing restoration and transformation to create 14 apartments within a Porfiriato-era building with a central garden. The space is stunning, and the structure is awe-inspiring with its high ceilings, halls and patios. Each apartment features either one or two bedrooms and one or one and a half bathrooms, along with a kitchen, living room and dining room.

Ana Paula de la Torre is a Mexican journalist and collaborator for various outlets including Milenio, Animal Político, Vice, Newsweek en Español, Televisa and Mexico News Daily.

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“We have very high expectations for the first month,” Cédric Gulbierz, director of IKEA Guadalajara, told newspaper El Economista. “We hope to receive 60,000 visitors in the opening month because there are many people from Guadalajara who are waiting for us.” 

The store, located in the adjacent municipality of Zapopan, spans ​​37,000 square meters, exceeding the area of IKEA stores in Mexico City and Puebla. 

“We are offering a different range of products from what our competitors have, with design, with prices and also with an offer that is not in the market today,” Gulbierz said.

With an investment of 3 billion pesos (US $147 million), IKEA Guadalajara features a self-service area of 10,000 square meters and 730 seats in the dining area. It will also employ over 400 people, creating 310 direct and 100 indirect jobs, according to Gulbierz.

Gulbierz said the decision to open a store in Jalisco is partly driven by the state’s demographics. The average age of residents is 28, and the population is growing at an annual rate of 1.6%.

This growth, he said, is expected to continue until 2050.

“It is no coincidence that this Swedish company, a world leader in home furnishings, has chosen to invest in our land for its development,” Governor of Jalisco Enrique Alfaro said in a post on X accompanied by images of him touring the store.

Alfaro said IKEA’s decision to open in Guadalajara is the result of his government’s strategy to create an environment of certainty for private investment. Just last month, Taiwanese electronics manufacturer Foxconn decided to invest millions in Jalisco in a facility to assemble “superchips” for Nvidia.

Guadalajara accounted for the highest amount of sales growth in IKEA’s online sales platform in Mexico – which this year became available in all of Mexico’s 32 states. IKEA Mexico expects the new store will draw 12% of its customers from cities outside the ​​Guadalajara’s metro area.

Head of IKEA Retail Mexico Jaap Doornobs said that the Guadalajara store – featuring some 8,400 products – will improve the customer experience because it will have enough stock for customers to take home their selected furniture the same day.  

Of all the products sold in the brand’s Mexican stores, 11% are manufactured in Mexico, Doornobs said. The company is seeking to collaborate with more local furniture manufacturers to up that percentage.

With reports from El Economista

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The decision to update the state’s building codes will unfreeze US $300 million in funding for construction projects in Mazatlán that had been paused awaiting clarification on building height limits. 

The new regulations will allow structures of up to 30 floors, according to the local newspaper Debate.

Among the construction projects poised to restart are a complex of Stelarhe condominiums, the Hotel Hyde, built by the French hospitality multinational Grupo Accor, and the Aguamarina Talismán condos. Once completed, these projects are expected to create 1,000 new jobs in Mazatlán.

These three projects, all under construction since 2023, slowed building activities in May while awaiting confirmation that they’d be able to carry out their designs. 

The pause was prompted by the publication of new building codes that included unclear wording regarding height allowances.

 

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Mazatlán has received US $5.3 billion in construction investments during the first half of 2024 alone, according to Debate. 

Among the new real estate projects coming to Mazatlán are 17 condo towers, five neighborhood developments, two shopping plazas, two convenience stores, one golf course and 10 hotels by international chains. Some of them include new hotels under the Fiesta Americana, Holiday Inn and Windham brands.

Ismael Tirado, president of the local chapter of the Mexican Association of Realtors, told the newspaper Meganoticias that 196 new buildings were under construction in Mazatlán as of early September. 

In a separate interview, Tirado told the news outlet Riodoce that he anticipates an upsurge in the realty business in the final quarter of 2024, saying that clients will be trying to close deals on condos ahead of the new year. 

Tirado added that buyers claim not to be overly concerned about the cartel violence raging in Sinaloa, convinced that it is just temporary.

“They say they want to continue investing,” Tirado said. “They prefer betting that Mazatlán real estate will continue to be profitable, and see the violence as a short-term (concern).”

With reports from Debate, RioDoce, Meganoticias and Mexico Living

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