The return to classes in Puebla triggered a greater search for housing by university students, reported the Mexican Association of Real Estate Professionals (AMPI).

The rent of houses or apartments in school zones had an increase of up to 35% so far in 2022, compared to the previous year.

Fabrizio Pizar Rojas, president of AMPI, pointed out that the greatest growth was in properties near Udlap, Ibero, Buap and Upaep.

The businessman explained that despite the pandemic, the price of rents did not suffer any increase, as they seek to reactivate after two stagnant years. However, he does not rule out that in the middle of the year they may undergo a change.

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As an example, he said that for this 2022 the cost of rent ranges from 2,500 to 4,500 in areas near Buap. On the other hand, in the vicinity of the Udlap a rent is around 8 thousand pesos per month.

In this regard, Fabrizio Pizar recommended that foreign students be alert so as not to be victims of fraud when renting a home.

Maricela Rodríguez Pereyra, former president of AMPI Puebla, commented that despite the demand for the return to classes, the levels prior to the pandemic will not be reached.

The former head reported that, before the quarantine, the vacancy of spaces was 5% due to students who deserted and returned home. Now, in the first months of 2022, up to 70% vacancy was registered.

Another example he cited was the closure of the Universidad de las Américas Puebla, due to legal problems among the directors.

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However, he stated that there are families paying rents of up to 15,000 pesos per month for an apartment around other universities.

Foreign exchange students are looking for affordable housing. Instead, foreign families are looking for houses or apartments for their children between 7,000 and 9,000 pesos a month, an amount that sometimes two families pay because their children live together.

According to the AMPI, in Puebla there are 328,000 students in universities, especially in private ones, where around 30% come from south-southeast states, looking for a career that they do not find in their place of origin or does not meet their expectations.

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Original note