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Mexican housing must become denser, better planned – study

MEXICO CITY, Sept 1 (Reuters) - Mexican housing must become denser and better planned to provide adequate living options to lower-income parts of the population, according to a new study, which said the country's current residential construction was largely unregulated. "The real problem is providing housing to the bottom 20% or 30%," said Albert Saiz...

Retirees are moving to Mexico in record numbers: What’s the best place for you to retire in Mexico?

Retiring is on the minds of thousands of U.S. citizens these days after harsh events, like the Covid 19 pandemic, and they are looking for real estate around the world to invest in and relax after a lifetime of work. Americans are leaning toward Mexico for retirement. "What country has warm weather, affordable healthcare, delicious...

Mexico is very attractive for foreigners looking to buy a vacation property

The high crime rates in Mexico seem to concern those of us who live in it more than those who live abroad but who see Mexico as an attractive tourist destination or place to buy a house or apartment to spend their vacations. A study carried out by the real estate site point2homes.com published yesterday...

How much does it cost to buy a house or apartment in Puerto Vallarta?

The affluent and positioned vacation area, Puerto Vallarta, is the fourth most visited tourist destination in Mexico with a beach, according to the Ministry of Tourism. It is thanks to its vast catalog of attractions that foreign and national tourists not only visit this beach once, but return year after year to enjoy the warmth...

Real estate sector in Puerto Vallarta has grown 167.8%

Despite the pandemic, sales of units in Puerto Vallarta real estate have grown 167.8 percent in the last two years and practically double in terms of total dollars sold, according to data from the agency Ryan Donner and Associates. According to the firm, the sales volume in recent years went from 1,137 units in 2018...

Puerto Vallarta real estate is ending with a boom this year

We wrote last quarter that the Puerto Vallarta/Riviera Nayarit region had experienced one of its best quarters in real estate sales between April and July, perhaps its best ever. Well, the third quarter that followed proved me wrong - this quarter managed to even outperform that record period. The number of sales reported to the...

Foreigners interested in buying real estate in Mexico grew 25% during pandemic

The real estate market experienced an increase of 67% in digital searches for properties in Mexico during the first four months of 2021 (compared to the same period last year), where 65% of interest comes from the national market and the remaining 35% from foreigners, the latter experiencing a growth of 25%, according to Lamudi....

How to avoid real estate fraud in Mexico

Experts warn that when buying a home, as well as types of real estate transactions, there are risks of being victims of real estate fraud, so it is important to take into account some basic aspects to avoid falling into the hands of criminals. Fernando Rodríguez Bustamante, president of the Zona Poniente Real Estate Group...

Best areas of Puerto Vallarta to live and buy a house

Are you looking to buy a home in Puerto Vallarta? Here we tell you the best places to live in Puerto Vallarta and invest in real estate. Puerto Vallarta, Jalisco is recognized worldwide, thanks to its historic center and for being a tourist destination that mixes beach, entertainment, and culture. It is the ideal city...

What do foreigners need to buy property outside the restricted zone?

A foreign citizen can purchase real estate in Mexico. Mexican authorities have established purchase mechanisms depending on where you buy. Restricted Zone Since 1917, Mexican Constitution designated the area within 100 kilometers (62 miles) of Mexico´s borders and within 50 kilometers (31 miles) of the coastlines as off-limits to direct real estate ownership by foreigners....

Puerto Vallarta real estate is on track for one of its best years in sales

The Puerto Vallarta/Riviera Nayarit region experienced one of its best quarters between April and July of this year, perhaps its best ever. The number of sales reported to the MLS services in the second quarter increased by 50% over the first quarter and already, after just six months, have reached 75% of what was the...

Puerto Vallarta approves increase in property taxes

In an ordinary session held on Tuesday, the City of Puerto Vallarta, approved by absolute majority, the Municipal Income Law for the fiscal year 2020, which includes a 5 percent increase in municipal taxes. The building agreement initiative presented by Mayor Arturo Dávalos Peña, which will be turned over to the Jalisco State Congress for...

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