Although the pandemic has significantly affected residential real estate businesses in various markets in the Mexican Republic, it has also been a triggering moment for short-term rental companies such as Uliv.

The company that he formed last year, just when the COVID-19 pandemic took hold in the country.

The objective of this company is to rent apartment buildings with significant improvements for short periods of time.

This implied a relief for the owners of the real estate and help to the developers that due to the economic crisis have not been able to place residential real estate.

According to the real estate analysis platform Solili, in Mexico City the average sale price of residences is located at 7 million 808 thousand 429 pesos, a decrease of 1.7 percent when compared to the 8 million average registered towards December of 2020.

Do you want to check the availability of residences for sale or rent in the capital of the country? Click here.
According to data from MercadoLibre, the demand for rentals in Mexico City went from 53% of searches to 41% from January to September 2020. In addition, those who were looking for an apartment were interested in lower prices.

For Uliv, this idea was a success. They started the business with 18 units in Polanco and grew to 150, also located in Reforma, Condesa and Roma, with an average occupancy of over 80%.

In these areas, the incursion of so-called short rentals has been so aggressive that even hoteliers have asked to change the use of land on land intended for housing in order to operate as accommodation.

Their model is to offer AAA properties with competitive prices, with average rates between $ 120 and $ 130 per night, which allows them to pay the long-term rent they have contracted.