Key Stats for Mexico Cityβs Short-Term Rental Market:
- π Annual Revenue: $16.5K (+18%)
- ποΈ Total Active Listings: 20,035 (+7%)
- ποΈ Occupancy Rate: 58% (+4%)
New Regulations in Mexico City:
- ποΈ Stricter Limits on Short-Term Rentals:
- Rentals limited to 50% of the year to protect traditional hotels.
- Aimed at reducing gentrification and rising housing prices.
- ποΈ Social Housing Restrictions: No rentals of government-built housing for tourism.
- π Host Registration Requirement:
- Hosts must register properties every two years.
- Each listing needs its own registration number and certificate.
Impact on the Market:
- ποΈ Investment Concerns: Some worry it may reduce investment in real estate.
- π° Tax Obligations: Hosts must comply with local lodging taxes and report earnings.
Despite Changes:
- π Market Still Strong: With Mexico Cityβs appeal, savvy investors can navigate the regulations for continued success.