Buying a property is undoubtedly one of the most important purchases you will make in your life. And one of the most important steps in the process is informing yourself about the housing market in your city. So let us congratulate you for taking those initial steps to finding your home.
Since we are nearing the end of 2020, we strongly recommend that if your new year’s resolution is to buy a house, you make it happen.
What housing options are available in Tijuana now?
In the real estate world, homes are classified by their cost and other aspects.
These are some of the best-known aspects:
Social interest
These are typically lower priced homes in the area. This is the type of house that led the market up until a few years ago and practically no longer exists.
Houses tend to be less than 500 thousand pesos and currently only one or two companies offer them. These homes are usually located in the outskirts of the city.
Medium Interest
This category of housing is also in limited supply and sparsely available. The price of these homes ranges between 500 thousand and 1.5 million pesos, approximately.
Residential
Here you will find majority of the current housing offer in Tijuana. Anyone looking for a great option to buy will find that in homes costing upward of 2.5 million pesos.
However, you can also find other types of housing, as mentioned in previous posts:
Previously owned housing
This is where you will find low-income or medium-interest housing. It is very important to approach a properly established real estate company or make sure your agent has proper real estate credentials. Because this housing is so limited, many times people falsely offer properties they do not have.
New Housing
Buying a new home can be much more secure, to ensure that security recommend purchasing through a real estate agency or directly from the building company.
Houses or Apartments
For those looking for a house, there is currently very little inventory and as mentioned before, it depends on the budget.
Locations will vary, but there are some concentrated areas in Tijuana, like Santa Fe.
At the moment, the majority of interest will be found in vertical housing. There are many apartments to be found in surrounding areas such as Playas, Centro, Cacho, Agua Caliente, La Mesa or Otay.
