Beat the Exchange: Mexican Coastal Real Estate Savings

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If you’re an American or Canadian investor with an eye for lucrative opportunities, pay close attention – the current economic climate has paved the way for some truly remarkable deals on Mexican coastal real estate.

Over the past weeks, the Mexican peso has experienced a significant decline against both the US dollar and the Canadian dollar. A few weeks ago, the exchange rates stood at 16.5 MXN per USD and 12.2 MXN per CAD. However, the tide has shifted to 19 MXN per USD and 13.89 MXN per CAD.

This fluctuation in the peso’s value has created a window of opportunity for foreign buyers to maximize their investment in Mexican coastal real estate priced in pesos. Let’s break down the potential of savings.

Weak Peso Creates Unbeatable Opportunities

In the first example below, a property listed at 3,300,000 MXN a few weeks ago would have cost:

• $200,000 USD (at 16.5 MXN/USD exchange rate)
• $270,492 CAD (at 12.2 MXN/CAD exchange rate)

Today, with the peso trading at 19 MXN/USD and 13.89 MXN/CAD, that same 3,300,000 MXN property now costs:

• $173,684 USD, a savings of $26,316 USD
• $237,580 CAD, a savings of $32,912 CAD

Property listed in the $200,000 USD price point:

 

Property listed in the $500,000 USD price point: