Property Prices in Veracruz, Mexico

Index Info
Price to Income Ratio: 4.05
Mortgage as Percentage of Income: 50.94%
Loan Affordability Index: 1.96
Price to Rent Ratio - City Centre: 10.30
Price to Rent Ratio - Outside of Centre: 8.50
Gross Rental Yield (City Centre): 9.71%
Gross Rental Yield (Outside of Centre): 11.77%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 6,125.00 MXN 5,000.00-9,000.00
Apartment (1 bedroom) Outside of Centre 4,750.00 MXN 3,500.00-8,000.00
Apartment (3 bedrooms) in City Centre 12,250.00 MXN 10,000.00-15,000.00
Apartment (3 bedrooms) Outside of Centre 10,750.00 MXN 6,000.00-15,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,342.44 MXN 929.02-1,672.24
Price per Square Feet to Buy Apartment Outside of Centre 912.76 MXN 557.41-1,207.73
Salaries And Financing
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Average Monthly Net Salary (After Tax) 15,000.00 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.25 9.00-12.00

These data are based on 43 entries in the past 18 months from 6 different contributors.
Last update: November 2024

Sources and References
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