Have you been reading about investing in a Playa del Carmen condo near the beach? Perhaps you've been wondering about how safe this is as an investment strategy. The answer: it is very safe.
Part of the reason that foreigners can by property and invest otherwise in Mexico safely is because of the large amount of emphasis that the President, Felipe Calderon, and the federal government place on creating an atmosphere conducive and secure for foreign investors.
Most recently the President made a clear statement that Mexico's "house is in order" and the country is a safe country for foreign investment. The statement itself is less significant than the importance which this kind of a statement indicates on this concept.
For you as a buyer interested in investing in a Playa del Carmen condo, this emphasis is reflected in a number of features that help you own property safely. One item is ownership through a bank trust. While the Mexican constitution has a "restricted zone" along the shoreline and the borders where only Mexicans can directly own property, a special bank trust system has been set up by recent administrations which allows a bank to hold property with the foreigner as the direct beneficiary, giving the foreigner all the rights of ownership, including modification, construction, income from rental, sale, and even passing on the property to heirs.
The current president continues the effort to make Mexico a safe and profitable investment climate for non-Mexicans. President Calderon is working to remove obstacles to investment, and it has already eliminated 15,000 rules and regulations, as well as 2,000 items of "red tape" which have previously slowed or discouraged investment.
In addition to enjoying safety, it is important that the results of Mexico's recent direction have made it very possible for to enjoy an excellent return from your condo purchase. Several features which help include:
Buying preconstruction. Many developers choose to sell their first units early in the construction process at greatly discounted prices. This means a virtually automatic value appreciation as the project is completed.
Using a mortgage. Mortgages in Mexico are becoming a more and more frequent option for financing a property purchase. The advantage to a mortgage directly in Mexico is that it allows you to use the same property you are buying as leverage against the loan. A growing number of investors have bought through mortgages and used rental income to cover payments and other expenses.
Both of these items are options which have become possible, viable and safe through the government's focus on drawing foreign investmen-t.
TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely