fbpx

Everything you need to know about buying and selling real estate in Mexico, Puerto Vallarta, and the Banderas Bay region

Slow and Steady is the Way Forward

Puerto Vallarta Real Estate

We are in a stand-still now, waiting to end the lock-down until the virus health issues are resolved or stabilized. The Mexican federal and state governments are enforcing certain restrictions, such as staying at home for all who do not have critical businesses. Mexico is not the only country with the problem, so this is very different from how our market in Mexico was affected during the US Housing crisis of 2008. We had little demand for 5 years, and began to recover when new product was built, which attracted a different demographic from our prior client base. 

CONTINUE READING

Global Real Estate Changes and

Puerto Vallarta Real Estate Outlook 2020

We are experiencing a change in our lives through-out the globe. Those who have lived through wars or economic upheavals, have been in this situation before. Now we all are dealing with the world condition. For us to survive in the real estate market, we have to endure the current uncertainty and help the recovery.

CONTINUE READING

1st Quarter Sales & Stats

Real Estate Market Update for Banderas Bay

We ended the first quarter for sales Jan-March 2020 compared to Jan-March 2019 selling condos and homes for $60,713,767 USD. This is down 32% from 2019 same time. The average sale price was $312,958 USD, down 5% from 2019. Total units sold were 194, down 29% from 2019. April will be a slow month, but for the first 6 days of April 2020, compared to same time 2019, we closed 7 transactions for a total of $2,010,534 USD down 59% from 2019.

CONTINUE READING

Money Laundering, Virtual Assets & Cryptocurrencies

Anti-Money Laundering Laws in Mexico 2018 – 2020

Money laundering is considered to be the crime of operations with resources from illegal origins under article 400-bis of the Federal Criminal Code. The money laundering offense is also complemented by the Federal Law Against Organized Crime, which provides higher criminal sanctions for money laundering offenders considered to be members of a criminal organization, and the Federal Criminal Procedures Code, which considers the money laundering offense to be a serious offense and thus limits the ability of any defendant to obtain release prior to conviction.

CONTINUE READING