So far, however, it appears that the market has held up better than other parts of the economy. A recent report by Knight Frank notes that the average vacancy rate in Mexico City is around 5.8% in certain parts of the city. Generally speaking, the market for commercial real estate is healthy, mirroring the low vacancy rates of the real estate market overall.

Vacancy rates will rise gradually over the short to medium term, however, suggesting more competitive conditions in coming times. The market for industrial real estate (warehousing, logistics, etc.) is, by contrast, taking a battering. In other regional countries the market for industrial real estate is holding up considerably better by contrast. An assessment of the health of the residential real estate market is not so easily made.

However, we expect that the performance of this market segment is comparable with the non-industrial commercial sector. According to some of the data available to us, it appears that office space in Mexico City (in early 2009) cost around US$30.00, or EUR21.30, per square meter per year to rent. This represents a fall in rental prices of 6.3% year-on-year (y-o-y). As yet, we have been unable to find suitable data on the housing market in Mexico.

Housing prices generally firmed in major markets in Latin America. Over the coming months, the key issues to watch will likely be, first, the continued carnage in Mexico's industrial real estate sector. Second, the coming online of a significant amount of new space, which will have the effect of driving up vacancy rates. Third, whether the broader economic conditions cause developers to delay projects, as is currently expected.

Secrets to finding the "ideal" Mexico City home:

As soon as you've completed the pre-qualification portion of the loan, you will be ready to start looking for your new Mexico City, Mexico home. As you start into the process, one very important step is often overlooked — scouting out neighborhoods. Sometimes people will find a home and be so thrilled with their find that they fail to look at the neighborhood in which the home sits. You should consider many things, for example, if you have a family, is there a park nearby for the kids? Are the schools appropriate for your kids? If you enjoy having things close by, check out Mexico City restaurants, grocery stores, etc. Is the neighborhood clean and safe?

How to move to Mexico City without complications

Once you have located your new home, now comes the fun part — moving. Whether you are moving two streets over from your current home, from one side of town to the other side, or clear across the country, you have two options for moving — using professional movers or doing it yourself. There are pros and cons of both choices, so first sit down and decide how much you can afford to spend, and what option you feel works best for you.

How to choose the Realtor that fits you best?

Finding the ideal Realtor doesn't just happen by accident, it takes some research on your part. An important rule of thumb is to shop for the Realtor first, the house second. Not all real estate agents in Mexico City do a good job at responding to their clients needs. Some are just interested in the sale and really are not looking out for your interest. This report will help you to know what to look for in a Realtor that will keep your best interest before them.