Mexico Real Estate News
Mexico
New Tariffs on Canada, Mexico to Impact U.S. Homebuilder Input Costs
This week the U.S. imposed 25% tariffs on its North American partners after a 30-day delay, citing insufficient action against drug cartels. Canada and Mexico immediately announced retaliatory tariffs.
Global Luxury Residential Prices Showed Gradual Improvement in Late 2024
According to Knight Frank's latest Prime Global Cities Index, the growth of prime residential property prices worldwide is slowly gaining momentum. The annual growth rate climbed in the final quarter of 2024, reaching 3.2%. Although this marks an improvement from the previous quarter, it remains below the 20-year average of 5.3%.
Ultra Luxury Home Sales Globally Experience Slowdown in Q3
Based on Knight Frank's newly released Global Super-Prime Intelligence Report, a slowdown in luxury residential sales of properties priced over $10 million occurred across 12 major global cities during the three months leading up to September 2024.
The World's First 'Global Listings Service' Announced
Miami-based WORLD PROPERTY MARKETS founder and CEO Michael Gerrity announced plans this week to launch in mid-2025 the world's first global, AI-powered and consumer-facing MLS platform called GLOBAL LISTINGS.
