Are US Expats Driving Up Housing Prices in Mexico? Jorge Antonio Rocha - Anadolu Agency
go to original September 11, 2022

Growing Gentrification Problems in Mexico | Locals Blame U.S. Remote Workers (True Mexico)

More Americans seeking their dreams are now forced to look beyond the 2,000-mile (3,218 kilometer) border with Mexico because of the coronavirus pandemic and inflation.

Their journeys, however, some believe, carry consequences for their neighbors to the south.

With US politicians pushing for stricter migrant control and Mexican nationals looking for better living conditions on US soil, migration has been an uncomfortable link for the two North American neighbors.

With the effects of the pandemic and the inflationary crisis, caused in part by the war in Ukraine, migration have grown exponentially.

According to the Migration and Remittances Yearbook of 2022 by Consejo Nacional de Población (CONAPO) and BBVA research, the number of Mexican migrants in the US increased 400,000 in 2021.

And the number of US migrants has reportedly grown since the pandemic in 2020, stemming from a greater purchasing power and better economic conditions than their Mexican counterparts.

By 2020, the number of US expats living in Mexico amounted to 797,266, according to Mexico's National Institute of Statistics and Geography. That number grew significantly, with the US State Department reporting that by late 2021, there were 1.6 million living in Mexico.

"One of the driving factors for people to relocate completely is to live in a less stressful environment,” Taniel Chemsian, a US real estate agent who has lived on Mexico's western coast for 16 years, told Anadolu Agency. “The political realm of the US since (former President Donald) Trump went in has been disgusting. People are fed up. They are sick of the politics and when you add the high cost of living, no one is happy.”

He said Americans cannot afford to live in their country. "The cost of living has skyrocketed, inflation has gone to the roof in the last 18 months. People are looking at other places to relocate to, and I think Mexico strategically is in the right spot," he said.

A lower cost of living has made Mexico the main target for US expats. The UN Department of Economic and Social Affairs said Mexico is the number one destination for Americans planning to move abroad.

Read the rest at Anadolu Agency

Related: Interest in Vallarta Real Estate Surges With Increased Online Searches (MexicoNewsDaily.com)

Related: Tips for Choosing a Vallarta-Nayarit Real Estate Agent (TimothyRealEstateGroup.com)

Related: Another Record Quarter for Puerto Vallarta Real Estate (MLS Vallarta)

Related: $17.5 Million Record-Breaking Sale In Riviera Nayarit, Mexico Extends Multi-Million Dollar Trend (Forbes)

Related: Mexico City Becomes ‘Work From Home’ Haven for US Expats, but Locals Are Getting Priced Out (CNN)

We invite you to add your charity or supporting organizations' news stories and coming events to PVAngels so we can share them with the world. Do it now!