Impact of the Election Year on the Vallarta · Nayarit Real Estate Market

In the context of the simultaneous elections in both Mexico and the United States, the Vallarta · Nayarit real estate market faces an interesting outlook, marked by economic dynamism that is expected to remain stable regardless of the election results.

This was presented during the panel “Economic Outlook for the Year: A Focus on Electoral Times” organized by GBM, a Mexican leading investment firm, where it was highlighted that election years in Mexico are historically characterized by an increase in public spending, which tends to boost various economic sectors, including real estate. Regina Labardini, senior economist at GBM, explained that in these years, public spending grows on average six percentage points more than in non-election years. In the first quarter of 2024, this spending saw a real growth of 18.8 percent, which is already reflected in greater dynamism in the industrial, manufacturing, and construction sectors.

For Vallarta · Nayarit, this increase in economic activity means greater demand for properties, which is excellent news for developers and real estate agents.

The attractiveness of Mexico as a reliable trade partner and the strength of the Mexican peso are also factors that favor the real estate market.

The election year promises to be a period of growth and opportunities for the Puerto Vallarta and Riviera Nayarit real estate market, benefiting from increased public spending, economic stability, and the attraction of foreign investments.

Election years in Mexico are characterized by an increase in public spending, which tends to boost various economic sectors.