Americans and Europeans are using Airbnb to find long-term rentals in Mexico’s capital, pushing housing costs higher and, critics say, forcing out local residents
Since the pandemic, Mexico City has become a leading global hub for foreigners unshackled from their offices by work-from-home policies and drawn to the kind of comfort a salary paid in dollars or euros can afford.
Mexico City’s leftist mayor, Claudia Sheinbaum, has sought to navigate the changing market by embracing the transplants and partnering with Airbnb on a campaign that promotes the city as a “capital for creative tourism” that encourages foreigners to spend money in less well-off neighbourhoods. Tourists in front of the Palace of Fine Arts in Mexico City. Photograph: Alejandro Cegarra/New York Times
In the Condesa and Roma neighbourhoods, whose lush streetscapes and dynamic food scenes have long made them attractive to wealthier residents, co-working spaces offering free coffee and cubicles have proliferated. The tour includes preparing tamales from handpicked ingredients and floating along the neighbourhood’s famous network of ancient canals.
The increase in the number of foreigners living in Mexico City has coincided with a rise in rents. Average monthly rents citywide have jumped from $880 in January 2020 to $1,080 in November, according to data from Propiedades.com, a real-estate website. Cities around the world, including Barcelona, London and New York, where housing costs have increased sharply, have targeted Airbnb by imposing stricter rules for short-term rentals.
Later that year, she also listed a new apartment, a stylish loft in Mexico City, for $71 a night on Airbnb. It’s been booked almost nonstop, González said, usually by Americans working remotely for longer than a week.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Airbnb caught off guard by introduction of short-term letting restrictions, correspondence showsAirbnb expressed surprise and serious concerns at the Government’s decision to set stronger controls on short-term lets, according to newly released private correspondence
Read more »
Short-term letting rules were 'destined to fail' after only 50 planning permissions grantedNew figures from the Department of Housing show that short-term let planning permission was granted for only 50 properties between 2019 and 2022
Read more »
Expert's dry shampoo tip will help keep hair fresher for longerDry shampoo is a holy grail for most of us, but we have been using it wrong - to keep our hair as fresh as we can for long and avoid the white cast, there's a trick
Read more »
How to claim tax back for energy if you worked at home in 2022While it is possible to claim the relief in real time, remote workers can also make their 2022 claim from today.
Read more »
Long-derelict Dublin city site to be redeveloped as social housing by McVerry TrustFishamble Street site previously designated for ‘mom and pop developer’ scheme
Read more »
France latest to impose Covid-19 tests amid China variant fearsAirline passengers to be screened amid concern China is not reporting data about its coronavirus surge
Read more »