Mexico has changed dramatically over the past few years.
Residential property prices have more than doubled in US-dollar terms nationwide since 2020, while some of the country’s most popular markets have risen even more. Mexico is simply no longer the bargain it once was.
But that does not mean we would write it off.
Mexico still offers a combination that is difficult to find elsewhere— proximity to North America, excellent connectivity, a huge range of lifestyles, and very straightforward residency options. The key today is being much more selective about where, and what, you buy.
For this report, we combined our own research with conversations with contacts on the ground in Mexico, which helped us get a better sense of what is actually happening in the market beyond the headline numbers.
In our new report, we look at:
- What has driven the extraordinary rise in Mexican property prices since 2020
- The latest financial requirements for temporary and permanent residency
- Playa del Carmen, including why we currently prefer Playacar properties over condos near Fifth Avenue
- La Paz, where the opportunity is quite different— especially if you value more space and are willing to look beyond the prime waterfront areas
- Specific properties that we believe illustrate where relative value can still be found today
Our main conclusion is fairly simple: Mexico is no longer cheap, but good value still exists if you look hard enough.
For years, Mexico offered an unusually attractive combination: cheap real estate, easy access from North America, a low cost of living, and some of the most straightforward residency options in the region. One of those advantages has changed dramatically. Mexican real estate is no longer cheap. Since the pandemic, residential prices have surged in peso…

