It can be said that in Mexico, the new housing market is more dynamic, however, circumstances are changing rapidly, and people's preference between new and used housing varies, depending on disposable income, where the person lives people, as well as age.
Based on the information on loans granted for home purchases in Mexico between 2020 and 2022, used homes receive 30% fewer loans than new ones, although the gap has narrowed in the last two years.
"Only in 2020, used housing loans were equivalent to 63% of new ones, while in 2021 and 2022 . . .
This independent news site is supported by subscribers.
Login now, or subscribe today. As a premium subscriber to our independent news site, for as low as .10 cents per day, you'll unlock full news coverage of the events that shape our city, exclusive interviews with local influencers, and in-depth reports that get to the heart of Puerto Vallarta's unique challenges and triumphs, while also learning more about news throughout Mexico that makes a difference. Help us sustain the future of independent journalism in Puerto Vallarta. It's a small market so advertising doesn't make a dent in the costs, but you can help! Subscribe today and become an essential part of the conversation.