Sudetenland Tales by Edward Drobinski - HTML preview
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Sudetenland Tales
Page 564
background there is a huge crisis of access to housing and a lack of regulation in rent prices by authorities.
Uncontrolled rental prices
In the last 16 years, rental prices for housing in Mexico City have had increases eight times greater than the general minimum wage which has not kept pace with inflation, according to figures from the capital government.
Figures from the real estate platform Houm show that rents in the Mexican capital range from 300 to 2,500 dollars in areas such as Cuauhtémoc or Álvaro Obregón. The Miguel Hidalgo area was the one that registered the largest increase in the capital in the last year, since prices rose 15% between 2023 and 2024.
In fact, Mexico City has the most expensive to rent, middle class apartments among 17 Latin American cities, according to a report prepared by specialized sites such as Lamudi México, Properati and Trovit where Guadalajara and Monterrey also appear in third and fourth place, respectively.
Rosalba González Lloyde, a master in Urban Development from the Pontifical Catholic University of Chile, explained that the gentrification experienced in the capital of Mexico dates back to the early 2000s, when central areas of Cuauhtémoc, Miguel Hidalgo and Benito Juárez experienced an urban renewal, which