Lamudi ranks Puerto Vallarta as the most expensive real estate in Mexico

Puerto Vallarta, Oaxaca, Acapulco, Cancun and Mexico City are among the five most expensive cities to buy a house, according to a study by the real estate portal Lamudi.

In a statement, the company detailed that in Puerto Vallarta and its metropolitan area per square meter amounted to$22,314 pesos, followed by the cities of Oaxaca $13,900, Acapulco $12,932, Cancun $12,198, and Mexico City  $12,108 pesos.

The director and founder of Lamudi Latin America, Kalina Hadzhitodorova, said the three cities that top the list distinguished by their tourism appeal. It abounded in Puerto Vallarta 47.2% of real estate is priced in US dollar, above the 8.7 percent national average, which is explained by the number of foreigners in the area.

The report considered that the behavior of the peso against the dollar and other currencies in emerging markets may affect prices of sale in Puerto Vallarta and some other cities exceeding the average national price of $8,776 pesos per sq meter at the end of the second quarter of 2015.

The study involved 45 of the largest cities in the country and was taken as a parameter the cost per square meter in a new house for sale.

Puerto Vallarta News

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