I read an interesting article in the Los Angeles Times yesterday. The article talked about U.S. travel and tourism in Mexico. It stated,
“Mexico was the top U.S. international destination last year, with a record 25.9 million visitors from the U.S., up 24% from the previous year, according to the latest data from the U.S. Department of Commerce.
“U.S. tourism to Mexico has increased in large part due to Mexico’s concentrated effort to improve its accessibility,” said Frank Cordova, tourism secretary for the Mexican state of Sinaloa.
“Travelers have felt welcomed through the country’s rapidly exploding number of direct flights, and the hotels, conference centers and tourism destinations springing up throughout the country,” he said.â€
To read the article in its entirety, please click here.
So what do these statistics mean for you and your future investment in Mexico? Well, the country’s healthy economy and thriving tourism makes Mexico real estate one of the most interesting, exciting and high-potential investments out there.
I know it’s “excitingâ€, because it is beautiful Mexico after all but how does it have a high-potential for investment… you might be asking yourself.  The answer is through rental income and property appreciation.
Mexico tourism continues to grow each year putting a higher demand on rental units. Furthermore, the trend of site like Airbnb or HomeAway has made it popular for vacationers to rent a house or condo rather than stay in a hotel. Additionally, Mexico’s competitive property prices allow you as a property owner to rent out your property at a rate that is attractive to vacationers looking for a more affordable and comfortable alternative to a hotel. Mexican properties usually have a higher rental-income-to-value ratio. Even if you’re buying a vacation property in Mexico, there will be times when you will not be using your property which creates a good potential for rental income.
It is worth pointing out that if you are going to buy a property with the purpose of creating income in Mexico, be sure to tell your agent. That way your Mexico agent can show you properties with high rental potential due to their location, the amenities they offer and units with good property management companies.
When buying with investment in mind, there are certainly a number of things you should consider before diving in. This will help you make the most of Mexico’s potential and your new investment. Read the 10 investment recommendations here.
Now if you have any questions about how to invest in Mexico real estate, please feel free to contact any of our Top Mexico Buyers’ Representatives. We will be glad to answer any questions you might have and to assist you find your very own investment property in Mexico.
And remember, here at Top Mexico Real Estate…
We Make It Happen!
