In 2017, Mexico's real estate market was characterized by a "boom" phase, particularly in infrastructure development and foreign investment. While the year began with some macroeconomic uncertainty regarding interest rates and a weaker peso, these factors actually created a favorable environment for foreign buyers using stronger currencies like the U.S. dollar.
Puerto Vallarta saw its fastest-growing year for condo sales to date in 2017, with a 30% increase in total properties sold compared to previous years. buying property in mexico 2017
In Mexico City, the September 19, 2017 earthquake caused a temporary shift in the market, with price discounts increasing for properties in high-risk seismic zones as buyers became more risk-aware. Legal & Safety Landscape for 2017 In 2017, Mexico's real estate market was characterized
The legal framework remained consistent for foreign buyers, emphasizing that ownership is safe when the correct vehicles are used. Puerto Vallarta saw its fastest-growing year for condo
Beyond the traditional coastal favorites like the Riviera Maya, the Bajío zone (including Querétaro and Guanajuato) gained traction due to industrial growth in the automotive and aeronautics sectors.
