Mazatlán, Tulum and Vallarta come to a screeching halt

Home sales and rental transactions have fallen by an average of up to 25 percent in recent months due to the uncertainty caused by the United States’ tariff policy, according to Karim Oviedo Ramírez, president of the Mexican Association of Real Estate Professionals (AMPI).

“There has been an impact. Many developments are completely halted in places like Mazatlán, Puerto Vallarta, Tulum, and Riviera Nayarita. Clients are not buying as they did in previous years, and this is reflected in a drop in prices. This is negative for any investor in the long run,” Oviedo Ramírez noted.

He warned that this situation is compounded by increases in inputs such as steel rods, cement, and lumber, which raise the final price of homes and make them even more difficult to sell.

“People aren’t buying and are waiting to see what happens before they can invest, and while they wait, the economy begins to decline,” he insisted.

The post-Barrios cleanup has begun at Norte 19 (formerly known as Citi Hotels). Following the final departure of founder Luis Barrios and his closest team, adjustments in the relationship with hotel partners also began. It is rumored that the termination of the operating contracts with City Express by Marriott Torreón, City Express by Marriott Monterrey Lindavista, and City Express by Marriott Monterrey Norte was not accidental, but a direct consequence of the accumulated wear and tear during the last years of his management. The surprise was that, at the same time, a syndicated loan was refinanced for more than 2.932 billion pesos. The loan was key to avoiding the company’s insolvency. And that’s not all, as new revelations about Luis Barrios’ management are expected to come to light.

Kapital, the young Mexican fintech, made a significant impact by acquiring 70 percent of Banco Autofin México for approximately $150 million. Not only did it rescue the institution from a capital crisis that threatened its license, but it will also integrate it into its digital ecosystem to modernize its offerings and expand financial inclusion.

Its CEO and co-founder, René Saúl, as well as its CFO and co-founder, Fernando Sandoval, are leading the institution’s expansion with a model that seeks to modernize traditional banking and expand financial inclusion.

In times where volatility seems to be the only constant, EGADE Business School will bring together the country’s financial elite at its 2025 National Master’s in Finance Meeting. Under the provocative title “Risk-Return Duality: More Valid than Ever,” the event will bring together influential voices such as Galia Borja, Deputy Governor of Banxico; Alfredo Guillén, of the Mexican Stock Exchange; and Mónica Pascua, of AMEXCAP, along with executives from BBVA, Banorte, and other giants in the sector.

For two days, the major trends shaping the economic landscape today will be discussed at the Santa Fe headquarters: markets, venture capital, fintech, leadership, and risk management.

Source: elfinanciero