The exchange rate between the Mexican peso and the US dollar favors the sale of real estate in the coastal town of Playa del Carmen.
The exchange rate between the Mexican peso and the US dollar is leading foreigners to increase the purchase of homes in Quintana Roo, which have become cheaper for them, mainly in the area of Playa del Carmen.
James Tobin Cunningham, coordinator in Quintana Roo of the National Council of the Mexican Association of Real Estate Professionals (AMPI), stated that every week they are reporting transactions of foreign people who are buying properties, mainly because of the exchange rate.
“Those properties that are valued in US dollars located in Puerto Morelos, Solidaridad (Playa), and Tulum, maintain their price, unlike the market in pesos, which led to a significant drop in Quintana Roo,” he assured.
Cunningham added that the price of some properties valued in Mexican pesos, somehow fell between 20 and 30%, which makes it attractive for foreigners, mainly for Americans.
Although this is good for the real estate sector, it does have a negative impact, since 80% of the purchase-sale transactions are made with houses of social interest.
“There are some procedures that are still active, even the cadastral certificate is free; however, not everyone knows this, since many people have decided to postpone all types of procedures until things get back to normal. But for now, with the construction of the developments paused, the offer is not wide and sales are slow”, Tobin Cunningham concluded.
Source: SIPSE.com
Comments
more recommended stories
Sister Universities of Yucatán join forces in the “Virtual Games”: 500 athletes are expected to participateMérida, Yucatán (May 06, 2021).- The.
Authorities arrest man for beating up his mother and sisters in MeridaMérida, Yucatán, (May 06, 2021).- Jair.
Israel bans entry to travelers arriving from MexicoThe reason is that Mexico, along.
Biden offers help to Mexico in relation to the Metro Line 12 accident“The United States joins the people.
Another fatal accident on the Merida-Cancun highway near the entrance to Hacienda TeyaMérida, Yucatán, May 06, 2021.- A.
Tragedy On Metro L12: political and business negligenceThe responsibility lies in poor budget.
CDMX Metro, a time bombThe most worrying thing about the.
Carnival Cruise Line removes all July sailings from its websiteCarnival Cruise Line has removed all.
Venezuela’s President Nicolás Maduro receives samurai sword gift from actor Steven SeagalCARACAS (Reuters) -Venezuelan President Nicolas Maduro.
Sheinbaum rules out resignation of Metro Director after tragic accident on Line 12The Mayor of Mexico City assured.
Leave a Comment