Many investors, vacationers and retirees have considered the option of a good but cheap Mexico beachfront lot. While not that long ago there may have been reason to hesitate on such a move, in the near future it may not be as so easily found as now. The following are some of the factors that have contributed to make now an ideal moment to make such an investment.
Mexico’s Past – Image and Reality
Most Americans and Canadians still have an image of Mexico basically shaped by westerns and images of a man asleep beside a cactus with a giant sombrero covering his face and a bottle of tequila in his hand. While these stereotypes never accurately portrayed Mexico’s rich diversity, not that long ago, they were not that far off from the reality of a country where celebration and tradition prevailed and modern economy had little foothold on the country. During these times, a cheap lot on an abandoned beach in Mexico may not have look so attractive, since there may not have been very good indications of conveniences, growth or increase in value.
Free Trade and Modernization
This began to change with the NAFTA and related free trade agreements during the 90s. While Mexico’s love for festivity and strong hold on centuries-old traditions and rich culture in music and art has only grown stronger, these arrangements opened to doors for a good deal of modernization, which has included widespread networks of good, modern highways, high-speed internet connections, international stores like Walmart and a greater variety of financial options in ever more up-to-date banks. These factors began to make cheap beachfront in Mexico look attractive, if for nothing else, for the strong prospect of the “best of both worlds” – a modern lifestyle in Mexico’s rich cultural and natural setting.
The Year of Tourism
The same factors opened the doors for Mexico’s already budding tourism industry to begin to blossom and point to a spectacular future. In 2011, the president of Mexico declared a “year of tourism,” making increases in tourism the #1 priority on all levels. The goal is to be in the top 5 countries within the decade. This means that even obscure and previously abandoned beachfront areas will be discovered by growing international tourism, large scale investors and buyers with large amounts of funds to invest.
In the meantime, buyers who are on a lower budget can currently find excellent beachfront lots for very low prices that already enjoy many of the benefits of modernization and growing tourism. Now is the ideal time to invest.
TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely
Mexico Real Estate NETWORK; "Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!"
Region: Mazatlan real estate Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546.
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