Data Overview:
- Projected Property Value Increase (2024-2025):
- Residential property values in Cancún are expected to rise by 14% from 2024 to 2025. thelatinvestor.com
- Average Home Prices in Mexico (First Half of 2024):
- The average cost of a home in Mexico was 1.724 million pesos (approximately US $92,500). mexiconewsdaily.com
- Average Property Prices in Cancún (2024):
- Condos: Prices range from $200,000 to $600,000+.
- Houses: Prices range from $300,000 to $2,500,000+.
- Beachfront Properties: Prices range from $600,000 to $6,000,000+. dreams-property.com
- Rental Yields in Mexico (Q1 2024):
- The average rental yield was 5.71%, slightly down from 5.92% in Q3 2023.
