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

Dealing with Currency Exchange

Puerto Vallarta Rentals & Real Estate

The weaker peso is attracting more visitors this winter. They are enjoying our temperate weather and lower prices for food and lodging. The increased ¨snowbird¨ population is putting pressure on restaurants and hotels to hire more staff. In some cases, these businesses are offering higher wages for the next 3-4 months to entice dental and medical assistants and other young workers away from their jobs. If we have more condos being built in Zona Romantica, the concern about demand is still on the table. 

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Your Purchase And Sale Price Are Recorded In Mexican Pesos

Currencies and Real Estate in Mexico

Now that I have your attention: I want to explain some concepts which I hope will make the experience of buying and selling Mexican properties more understandable. You, as a seller can agree to receive the proceeds of a sale in Mexican pesos, US or Canadian dollars, or any currency.

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Buying or Selling Property in a Multi-currency Environment

Living with Multiple Currencies

Here, in Mexico we live within a multi-currency environment. Our US dollars or other foreign currencies are most often converted into the peso rate when conducting commerce and business. If we are going to appreciate and benefit from this situation, we need to know the basics.

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Impact of currency exchange on property sales and rentals

How the Weak Mexican Peso Affects You

A weaker peso will attract more visitors this winter. They are enjoying our temperate weather and lower prices for food and lodging. The increased ¨snow bird¨ population is putting pressure on restaurants and hotels to hire more staff. With more than 500 new condos being sold and completed, the question of continued demand is still on the table.  So far, the pre-construction sales reported are encouraging.  If the peso continues to be 20 to the US dollar, we can experience more rental demand.

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