While some buyers may be getting excited about the post-bubble housing prices in the U.S., kept low first by the recession, then by ongoing unemployment, the bad news is that experts are expecting prices to stay this way – for a long time. Mexico real estate, which in general shows much better signs of appreciation and income possibilities, offers a solid alternative for buyers who would like to see their property as an investment.
Consider the case of Tulum real estate, for example. Tulum is located on the Yucatan Peninsula, about 1.5 hours south of Cancun. Real estate prices saw a mild slow down during the recession, but are quickly returning to a healthy status. Numerous Mexico properties along Tulum's wide, beaches with soft, white sand, provide excellent opportunities for vacation rental income; many condos and homes, either on or near the beachfront, are already fully booked for the Christmas vacation season.
Future property value is also promising. A new international airport has been announced, and is in the private bidding stages, a new low-density urban plan carefully designed with visually appealing wide access roads is in place, and a number of upscale developments including land purchases, high-end homes and condos, as well as tasteful shopping areas are underway. Indications suggest that rental demand and property values will be on the rise in the near future.
Contrast this to the U.S. Low prices look exciting, but forecasts showing that these low prices aren't going up any time soon dampens this excitement quickly. Experts say that the end of home-buyers' tax credits and other factors may even drive prices further down later this year, and others say that the market will stay "flat" for years to come.
If you consider your property an investment, you will be much better off buying your second vacation home, or investment property in a place like Tulum, Mexico. Even if you are re-locating, you may be able to consider living and earning money in Mexico. Talk to an experienced agent for suggestions and references.
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Region: Akumal 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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