“Las Lomas” is considered one of the most exclusive residential areas of Mexico City and is located within the Miguel Hidalgo mayor's office. From its three main avenues (Paseo de la Reforma, Paseo de las Palmas and Boulevard de los Virreyes) you can find large stately homes and some listed for their architectural value. It is one of the areas most in demand by embassies to locate their offices and has historically been home to different personalities from the business and political world.
But is it really as expensive to live in Las Lomas as you think?
The residential real estate market in Las Lomas de Chapultepec is made up mostly of independent houses with large areas of land with an average size in meters of construction of 700 square meters. On Paseo de las Palmas avenue and surrounding streets you can also find apartments for medium and large families with an average size of 350 square meters. The price per square meter is around 75 thousand pesos, so a house costs on average 52.5 million pesos (or approximately 3 million USD).
It is an ideal area for families looking for a quiet life with wide gastronomic options and quality schools. It is common to find people walking their pets or exercising, either running or cycling in its streets and various green areas. Las Lomas is usually the favorite home of senior executives and expatriates due to its proximity to the Reforma Lomas office corridor (Montes Urales, Corporativo Virreyes “El Dorito” or Ferrocarril de Cuernavaca).
Las Lomas has always been characterized by having top quality restaurants for decades and today is no exception. On Paseo de la Reforma you can find a classic like Loma Linda (formerly “La Tablita”), Tori Tori, Suntory Lomas, among others. In Mount Lebanon there is another very “trendy” area with shops and restaurants such as Nostos, Trastevere, La Mari, Zeru, Farina and Casa Ó. In the commercial part you can find stores such as Casa Hotbook, PuntoiComa and City Market Lomas.
In conclusion, living in Lomas de Chapultepec represents a considerable investment for those looking to buy a property and also represents a significant expense on a day-to-day basis due to the quality of its services such as shops, restaurants, schools, hospitals, etc.
If you want to know more about Las Lomas, do not hesitate to consult our section dedicated to the city area where you will find images, recommendations and properties available for both sale and rent.
