Why buy Mexico real estate? With only a short flight home (2-5 hour flights between most destinations in Mexico and just about anywhere in the U.S. or Canada) and a low cost of both real estate and lifestyle, it is very convenient own property in this country. Each buyer's motivations vary, but the following are among the most popular.
1. Cheap Retirement in a Warm Climate
Many planning for their retirement are worried about being able to afford all of their expenses, let alone the luxury of living on a beachfront, or in a charming colonial city that rivals Europe classics in its beauty. But good real estate in Mexico can be found for all budgets. Even in very popular tourist spots deals can be found. A Cancun condo on the beachfront, for example, can be found for as low as $80,000 USD. A retired couple could enjoy warm weather all year round, with one of the world's most beautiful beaches on their doorstep!
2. Investment
Mexico's real estate market has proven far less volatile than the U.S. market, and provides a reliable source of return on investment. One approach is to buy low priced properties (as low as $50,000 USD) in areas that are just beginning to bloom as tourist spots.
But again, already popular tourist areas provide opportunities. A Puerto Vallarta home in a nice neighborhood, but in need of a renovation can be found for half the usual price. With a relatively small investment of funds and time, you enjoy a very solid return. Homes and condos in places like Puerto Vallarta, Cancun, Mazatlan or Playa del Carmen can also provide good rental income. If investment is your plan, make sure you advise your agent who can help you find the ideal property.
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: Playa del Carmen 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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