A market which gains less attention than it should is that of Cancun land. As Mexico's leading tourist destination, and the location with perhaps the world's most loved beaches, beachfront condos have gained the most attention, and more so in recent years, fixer-upper homes in downtown areas.
Mexico land in places like Cancun, however, continues to be a viable and profitable investment. The main difficulty is where to look. Online listings may have one or two lots listed at the most. In the city itself, and in the nearby beachfront communities there are lots available, but buyers will need professional information and advice in order to find these and identify the best opportunities.
This is where the role of a knowledgeable, experienced and certified Mexico agent comes in.
An agent's knowledge will allow them to inform a client where lots are available in the Cancun area, and, specifically lots which are suitable for the desired purpose – whether it's building a beachfront dream home or investing in a business.
Experience will allow an agent to identify the best opportunities for the given purpose. While there may be many options, not all of them are always suitable or as good as the others. Having guided other clients through similar purchases, an agent will have seen where certain endeavors worked well.
Certification is also important. In Mexico, there are fewer laws and requirements for agents to work in the real estate industry. Certification is available, although not mandatory; it indicates that an agent is knowledgeable of the processes involved in transferring ownership of a property correctly and safely. An agent who participates in ongoing upgrade courses will also be knowledgeable of taxes, legalities of ownership and other important issues.
In the case of a land purchase in Cancun and other places in Mexico, it is especially important to work with an agent knowledgeable of the different implications with private ownership and foreign ownership. Owning land as a foreigner in Mexico is perfectly secure, but it is necessary to have access to knowledge of the various laws.
Working with an experienced agent, buyers can find many opportunities in Cancun land. One of the most common is acquiring a home on or near the beachfront for a much more accessible price than would otherwise be possible. Another excellent option is to invest in business development. Residents from all areas of Mexico move to Cancun to participate in one of Mexico's most thriving economic areas. Business has grown incredibly, and continues to do so, opening many doors for Mexican nationals and foreigners alike.
Investors considering land in Cancun will find an experienced agent to work with and begin to expplore the many opportunities available.
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Region: Cancun Real Estate by Cyndi Ader, originally from the US, has been living in Cancun, Mexico for 17 years. She is a member of A.M.P.I. (The Mexican Association of Real Estate Professionals) and is currently a member of the International Relations Committee. She is also an international affiliate of NAR (National Association of Realtors). She is the owner/broker of Cancun Properties Real Estate and specializes as a buyer’s broker.
