Why is the price of housing in Mexico increasing so much?

This is a question for which the answer is extensive that to the observations I have on the subject, I will summarize as as possible.
City is a cosmopolitan city that has always been associated with and wealth. It is “The Capital” of Mexico! Until a few ago, it the destination where all the rest of the living in the province related art, culture, politics, movies, theater, big factories and companies, luxury, big buildings. Therefore, living in this CDMX with the following characteristics, has to be expensive.
1 CDMX has an area of only 1,495km2. (Compared to for example Chihuahua with 247,455km2)
2. It has a population of 8.8 million people
3. The population density is 6 people per square meter (and that’s without considering roads, open spaces, etc.). Following the comparison, Chihuahua has 14 inhabitants per square kilometer. The price of the land in the CDMX for its limited space is highly expensive. In some selected and privileged places, the square meter of construction can reach up to $150,000.00. The average in medium-high level residential areas can be $50,000.00 m2.
5. It has registered 4.7 million vehicles
6. It consumes 1’335,000,000 liters of water daily. Only the energy consumption to pump water from Cutzamala and Lerma costs $1,600,000,000 million pesos annually. The consumption of these two sources is only 27% of what is used in the CDMX. We dispose of 104 tons of garbage daily. There is not enough infrastructure to properly dispose of this waste and we find dumps that do not meet minimum health and safety requirements.
9 Mexico City is the number 1 metropolitan city with the worst traffic in the world according to the Tom Tom report, being Bangkok, Jakarta, Chongquing and Bucharest the next ones. There are 30 million daily transportation trips in Mexico City. People spend a total of 227 hours a year stuck in CDMX traffic. This causes large gas emissions and fuel consumption. People living in the northern part of the metropolitan area who work in the economically active part of the CDMX consume 2.5 to 4 hours per day in transportation.
13. Demonstrations by different organizations hinder and sometimes paralyze road and traffic at least 2 days a week.