The strength of the dollar against the peso is the main reason for foreigners buying real estate in Mexico right now. In 2016 and 2017 the number of closed sales to foreigners rose to 1,105 on an annual average. From 2008 to 2015 it was 663 on average, according to information obtained through a Transparency request to the Ministry of Foreign Affairs (SRE); so far in 2018 there are 290 properties sold to foreigners.
This investment occurs mainly in the historic centers of colonial cities such as San Miguel de Allende, as well as in the border strip and . . .
