I ran across this article recently… It talks about the state of the tourism based real estate market in Mexico. It talks about some areas having taken a 50% hit in property values since the crisis began. I think about 25% is closer to the truth in Puerto Vallarta, which speaks to the inherit stability in the market here… the very large amount of equity in the market combined with a basically attractive destination location has kept the Puerto Vallarta real estate market a much safer investment than many other cities both in Mexico and around the world.
Nearly one hundred members of the Mexican Association of Real Estate Professionals, (AMPI) met earlier this month in the Nation’s capital. The purpose of the all-day meeting was to discuss the status of Mexico’s real estate market in the “tourist” zones and develop strategies that might help a recovery.
Click here for the entire story…
I’m interested in what you think, please leave a comment!
