Mexico has been experiencing an economic boom in recent years, with the country’s economy now worth about $3.8 trillion.
The real estate market is also strong, with prices rising at a clip of 7 percent a year in recent months.
However, the value has gone up over the past year in both the capital and the country as the economy has grown at a slower pace, according to data compiled by the real estate firm Sotheby�s.
In its most recent quarter, Mexico’s gross domestic product rose by 6.7 percent, a figure that was more than double the 7.5 percent increase in the U.S.
Source: Sothebys Real Estate Report 2018 The U.K. and China are two countries that also experienced economic growth during the last year, with GDP growth in the latter country at 5.6 percent, up from 4.9 percent in 2018.
That is the highest rate of growth in decades.
The United States, meanwhile, has not seen a sustained increase in GDP growth, with only 2.4 percent in 2020.