Post-Pandemic Boom: Mexico’s Hot Real Estate Markets

In the years following the Covid-19 pandemic, several tourist regions in Mexico have experienced a resurgence in activity due to an influx of both domestic and international visitors, revitalizing the real estate sector in these areas.

According to an analysis by Propiedades.com, property values in Mexico’s top tourist destinations have seen significant appreciation over the past four years, making them attractive for real estate investments.

“Tourist zones have shown a robust post-pandemic recovery. Today, they represent a strategic opportunity for those looking to invest with a long-term vision,” said Juan David Vargas, general manager of Propiedades.com.

Data from Mexico’s Ministry of Tourism indicates that in 2024, the country welcomed 86.4 million international tourists, marking a 15.5% increase compared to 2023. This generated foreign exchange earnings exceeding $30 billion.

Where Has Property Value Increased the Most?

The real estate portal highlighted the most dynamic growth in property values across key tourist destinations over the past four years:

Puerto Vallarta

Known as the “Green Pearl” of the Mexican Pacific, Puerto Vallarta has seen the highest growth in real estate appreciation. According to the report, apartment values have risen by 17.98%, while house values increased by 16.70%, driven by the region’s popularity among domestic and foreign buyers.

Mazatlán and Los Cabos

Mazatlán, Sinaloa, and Los Cabos, Baja California, have recorded similar growth, with apartment values rising by 16.73% and 15.63%, respectively.

Playa del Carmen

This Caribbean destination has experienced an 11.99% increase in house values. The portal noted that this growth outpaced that of apartments due to demand trends in the region.

Cancún

Cancún, Quintana Roo, saw apartment values rise by 11.8% and house values by 9.45%, reinforcing its status as a prime investment location.

Acapulco

Despite challenges in recent years, Acapulco, Guerrero, remains an attractive market. Property values increased by 8.64% for apartments and 7.58% for houses over the past four years.

These figures gain relevance during the Easter holiday season, as Propiedades.com reports renewed interest in property acquisitions in these tourist destinations during peak travel periods.