The economic and security situation is significantly affecting property prices at “The Pearl of the Pacific”.
The Comprehensive College of Appraisers confirmed that property prices in Mazatlán have decreased by up to 20%, due to a reduction in buyers and the large number of properties available on the market.
Its president, Óscar Soto Valle, explained that the sector is facing a marked slowdown: there is supply, but demand has contracted due to economic and investment uncertainty in the state.
Even the activity of appraisers has fallen between 40% and 50%.
On the other hand, recent events in the port related to organized crime groups, such as explosions, arson, and disappearances, are significantly impacting the purchasing decisions of many potential national and foreign investors.
Even so, the association is confident that the market will stabilize when economic conditions and confidence in the market improve.
Source: Colegio de Peritos Valuadores Independientes en el Estado de Sinaloa
