Real Estate Financing in Mexico

We have watched property prices here for years, and continue to even after purchasing our home here over 5 years ago.

Our observations show that property prices rarely change here. Our best guess on that is that most properties are completely owned: no mortgages, no insurance, in fact other than property taxes, no costs at all. Vacant places generally have no utilities to pay, and the property taxes are often ignored and just deducted from the purchase price when sold. If the property is just sitting there, with no real costs, the price doesn't seem to change.

These are simply our observations. Everyone will have different ones.