As the pandemic upended office norms, a wave of remote workers from around the world descended on Mexico City. The flow of foreigners has yet to slow down, causing housing costs to rise, displacing residents and upending the fabric of neighbourhoods
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.
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