Earlier in the year, Mexico's President, Felipe Calderon, officially declared 2011the country's "Year of tourism." What does this mean for those interested in buying Mexico oceanfront real estate? It means a growing amount of investment, and consequently a growing amount of benefits to living in Mexico.
The official statement from the President came as an introduction to his focus for 2011. This focus has been applied by his entire government – every department, every cabinet member, every decision, not just the Ministry of Tourism. President Calderon has realized the many benefits to have a strong and growing tourism industry, and the large amounts of untapped potential throughout the country. For this reason, he realizes a focus from all branches of government on supporting and strengthening tourism will be beneficial to the country as a whole.
For this reason, he declared 2011 Mexico's "Year of Tourism."
This all sounds great for Mexico. But as mentioned above, this also has very good implications for you – a real estate buyer interested in a vacation home, or an investment property.
The country's strongest real estate markets, especially Mexico beachfront for sale, are very closely tied into the country's strongest tourist destinations. For you as a buyer, the President's focus for the year will offer the following benefits:
Improved Infrastructure – One of the key features of a growing tourist area is that the government invests in new roads, new airports, and modern communication infrastructure, or encourages private corporations to do so. This makes life more comfortable combining warm, sunny weather and beautiful nature with convenience.
Increased Tourism – An increased emphasis on improving the appeal of Mexico's numerous tourism options and emphasizing heavier international promotion has as its goal, of course, drawing more tourists to these areas. With Mexico's proximity to the U.S. and its position as America's favorite destination, it's likely to be very successful.
More Services – More tourists in any given area means that more investors – Mexican or otherwise – become interested in opening businesses to capitalize on the new flow of tourists. Some are little cafes, some are international stores, and some are golf courses or marinas. All of these help to develop the lifestyle of the area, making life more convenient and comfortable.
Larger Rental Market – More tourists also means that more of them will be looking for alternatives to hotels. This means that those who invest in Mexico condos for sale homes will have a larger demand for their properties as rental units.
Related: Long Term Rental vs. Vacation Rental
Larger Sales Market – The same is true for resales; many real estate buyers in Mexico are tourists who have fallen in love with a certain location and are ready to make the big move.
Larger Expat Community – Both of these add up to a growing expat community, both permanent and temporary residents. A large expat community is one of the most attractive features for many new expats, offering the comfort of living with neighbors who speak the same language, and are in touch with what's going on back home. This makes it easier to "ease into" Mexico's wonderfully rich culture.
More Security and Ease in Buying and Owning – A focus on increasing tourism in Mexico equals a focus on making things easier for foreign investors. Also in January of this year, President Calderon has boasted that Mexico is very secure for foreign investment and that his government has removed thousands of policies and "red tape" items making it easier for foreigners to invest. While a real estate purchase is a relatively small foreign investment, this government has also realized the value of this market, and these same processes make it increasingly easier for you to own here.
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