Sellers or Buyers Market. Im hearing from clients all over the globe and it is a bit gloomy.
But here in the Riviera Maya, the picture is still warm and sunny.
It is more of a buyers market and developers are more flexibile than for many years.
Sellers are still selling and the market moves forward with buyers getting better deals.
Many clients are asking if they can buy a $500k house with $250 now and no this market is way too stable for that scenario,
also 98% of owners here paid cash so is little to zip in owner fi, buyers still need cash or a bank prequal but there are
still some very good buys within the market.
See my deals section bottom left of home page.
In some cases I can get you a $500k house with $400 but thats about it, for $250 you would have to look at Florida
and I lived there for 6 years, wouldnt go back for a $1 dollar house because I prefer the quality of life here.