Mexican iBuyer TuHabi Expands Operations into Querétaro

March 23, 2023
Share this Post: 

Tu Habi has opened up operations in the city of Querétaro in central Mexico as part of a 100 million pesos ($5.4M) expansion plan.

The iBuyer confirmed the news after closing credit lines with banks Banorte and BBVA Spark.

Tu Habi says it moved after spotting an opportunity to introduce a new way of buying and selling property in Mexico, where sales can take up to 10 months to complete. Tu Habi's offering, by comparison, aims to buy a property in as little as 10 days.

Gerardo Fernández, country manager for Mexico at Tu Habi, said:

“Querétaro is a state that we like very much because of the enormous potential it has to consolidate itself as one of the most important real estate centers in the entire country.”

Tu Habi already operates in Mexico City, Monterrey, Guadalajara, and Toluca. It is a subsidiary of Colombian startup Habi, which raised a credit line worth $6.3M from Bancóldex in January 2023.

Mexico continues to be one of the most invested in real estate markets in the world, with a string of high profile expansions and innovations from other South American countries arriving in recent years given the attractiveness of the market to foreign investors.

Names including La Haus and Aptuno (Colombia), Quinto Andar and Loft (Brazil) and Houm (Chile) have all expanded operations organically and through acquisitions.

March 23, 2023
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Purplebricks Profit 1
Purplebricks Slashes Prices as New Owner Vows to 'Disrupt' Once Again

The new owner of Purplebricks has cut prices in his first move since snapping up the beleaguered portal for just...

Read More
Homesnap Closure
CoStar Group to 'Sunset' Homesnap in Favor of

CoStar is set to sunset Homesnap and replace it fully with the Group's in-house brand by the end of...

Read More
Powerleads Ai Zumper
Zumper Latest Portal to Integrate ChatGPT Plugin

Zumper, a leading provider of rental industry software, has announced its collaboration with OpenAI's artificial intelligence engine, ChatGPT. The partnership...

Read More
Meta Egypt
Meta Egypt Launch Announced as Estate Waves and Coldwell Banker Egypt Team Up

Real estate marketing company Coldwell Banker Egypt has teamed up with Estate Waves to announce the launch of a new...

Read More

Editor's Pick