Don’t want to overpay for Mexican Real Estate Avoid these Cities

Baja California Sur has 2 of the cities with the highest real estate offer in dollars in the country

In La Paz and Los Cabos, more than half of the properties for sale are offered in dollars

In an analysis conducted on the supply of houses and apartments, between January and November 2019, it was noted that in Baja California Sur there are 2 of the 10 cities with the highest dollar offer in the country, according to the Real Estate Portals

At the end of November 255 places were identified with some level of residential dollarization in the country; The inventory reports growth of about 200% in departments and 300% in houses. 

As for Baja California Sur, they occupy the seventh and eighth place within the same ranking that corresponds to La Paz and Los Cabos, with 66.7% and 64.5%, respectively.    

Pricing in this currency is a real estate practice that operates as a hedging mechanism in the face of a weak exchange rate, explained by Real Estate analyst Leonardo González. 

The list is headed by Playas de Rosarito on the Tijuana Ensenada corridor, in Baja California, which contains 97.4% of the most dollarized properties, according to the specialized portal.

In this case, Rosarito has integrated communities of Americans that reside there and have the habit of making payment in this currency.

Source: bcsnoticias.mx, lamudi.com.mx, inmuebles24.com, propiedades.com

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