Reflecting on 2024 and Real Estate Trends in Puerto Vallarta

In this episode,  hosts Risa Morimoto and Taniel Chemsian reflect on the whirlwind year of 2024 and its impact on the real estate market in Mexico. They get into global events such as currency fluctuations, elections, and rising living costs and how these factors influence real estate trends in popular destinations like Puerto Vallarta.

Taniel provides a comprehensive overview of the current market, highlighting the increase in open houses, price adjustments, and new buyer incentives. He also discusses the differences between purchasing a property for personal use and investment purposes, emphasizing innovative features like lock-off units and concierge services in new construction projects.

Looking ahead to 2025, the hosts express optimism about the market and offer valuable advice for prospective property buyers. They also share exciting news about the podcast's future direction, promising more insights and information on living and investing in various parts of Mexico.

Listeners are invited to join Risa and Taniel for an in-depth exploration of the evolving landscape of Mexican real estate and to get tips on making informed decisions in this dynamic market. Tune in and stay informed on the latest trends and opportunities in the idyllic world of Mexican retirement!

Don't miss out on a free webinar, where experts cover everything you need to know about relocating to Mexico—from the best places to live to essential healthcare information for expats. Register at dreamretirementinmexico.com/webinar.

Key Moments: 

00:10 Inflation drove prices up; luxury purchases paused.

06:09 American and Canadian buyers drive to Puerto Vallarta market.

08:58 Discounts improve affordability in desirable Mexican neighborhoods.

12:02 Choose between convenience or tranquility for rental property.

18:31 Ready? Make informed, timely investment decisions now.

20:06 Podcast: Moving to Mexico, living and exploring.

22:47 Plan vacation to Mexico in 2025.