There are some countries which are known all over the world – Mexico is one of them. The climate is beautiful, the people are generous and approachable, and the beaches are heavenly, so what is there not to like? What Mexican real estate trends have been showing lately is that the interest in buying a home in Mexico is growing. If you are looking to buy a house on a budget, now would be the right time to do it. And it doesn’t matter whether you have your heart set on moving to Mexico or simply buying a vacation property – you will be able to profit from both. Here is everything you need to be aware of about the current real estate market in Mexico.
What are Mexican real estate trends showing?
The interest in buying a property in Mexico has been on the rise for the past decade. However, what the year behind us (2018) shows is that there has been a rapid growth in the purchasing of Mexican property. We can only assume what the reasons behind this are, but some say that the main reason is the fact that the entire country is becoming a better place for life. It only makes sense that with good living conditions people will be drawn to a country. So, let’s take a look into the reasons why the country of Mexico is becoming so popular, and why it might make you want to buy a house, hire a moving company such as Premium Q Moving and Storage Boston, and move your entire life to this beautiful and unique country.
You can get your money’s worth in Mexico
When compared to the USA, Mexico is a less expensive country. Let’s imagine you have 200,000 dollars at your disposal for purchasing a property. Of course, depending on where in the USA you wish to buy a property, for that amount of money you might only be able to get a condo. Clearly, we are talking about the city of New York. While in some other, less urban states you might be able to get a two-bedroom home, in Mexico, you can get a spacious beachside property!
Just think about it – you are waking up to the sounds of the ocean, white sand and blue sky. You have a problem discerning where the ocean ends and the sky begins. Sounds magical, doesn’t it? Well, that’s perhaps why Mexican real estate trends have been showing steady growth. You have to admit that when moving to a distant place, it’s much easier to adapt if you’re relocating to a country as beautiful as Mexico, don’t you think?
Watch the value of your property increase
There are many areas in Mexico which are still developing. Naturally, we are not talking about the already urban and developed areas such as Mexico City. We are talking about coastal places which have the potential to become desirable tourist attractions. If you are smart enough to buy a property in one of these places, you will witness an incredible growth in the value of your property in a few years. It only makes sense that houses in developed areas with a lot of visitors cost more than the ones in undeveloped areas. So, when you look at the situation from this point of view, it’s clear that you can even make a lucrative investment out of buying a home. But for that, you would have to follow Mexican real estate trends and planned projects, so that you would be able to predict which area is the best one for your plans. You are still close to home
Mexico and Canada are the two closest countries to the USA. In fact, from some states in the USA, you can reach the Mexican beaches in an hour or so. If you decide to move to Rocky Point, which is one of the closest places to the border, you get the best of both worlds. Namely, you get to live in a coastal town while still being close enough to frequently visit your family. Not everything is about the finances when deciding where you want to live. A lot depends on your emotional state, as well. And if you are a USA resident, Mexico will be one of your first choices, which is why the Mexican real estate trends show growth.
The geographical position could have an impact on Mexican real estate trends.
Additional costs of buying a Mexican property
If you are already a homeowner, you know that there are many costs associated with buying a house. It goes way beyond the initial price of the property. Just like in other countries, there are some costs that the buyer is responsible for and some fees that the seller needs to pay. If you are buying a property in Mexico, the fees that concern you are:
- Acquisition tax
- Notary fees
- Registration fees
- Closing Coordinator & Escrow
As experts in Mexican real estate, we feel obliged to warn you that, sometimes, these additional costs can be high. You need to make sure your budget is prepared before making any decisions and buying something you won’t be able to return.
Finally, you need to realize that there is a good reason why Mexican real estate trends have been showing rapid growth. You already know that people wouldn’t be in such a rush to get to a bad place, which only tells you that Mexico is an amazing place for life. You don’t have to make a hasty decision – why not visit Mexico, for starters, and see whether life here suits you? There is no reason to rush – we are sure some property in this country will be left unoccupied.
“Mexican Beach Bum” (Robin Miller) Realtor® is the Designated Broker for Mexico Real Estate and Document Services in the beautiful resort city of Puerto Peñasco-Rocky Point, Mexico, where the desert meets the ocean. Just 210 miles from Phoenix or Tucson and where income producing properties start at $75,000 and homes in town start at $30,000.
Being in the Mexico Real Estate Industry for over 12 years, I have been assisting clients with their Mexico vacation home buying and selling decisions in Puerto Peñasco-Rocky Point, and Puerto Vallarta.
**License #442 (licensing required by the State of Sonora)
**Accredited Professional Broker in Puerto Peñasco-Rocky Point
**AMPI member (Mexico’s Real Estate Association)
**Executive AMPI Board member of the local chapter 51
**NAR member (U.S. National Association of Realtors®)
**Member of the local MLS, Multiple Listing Service
**Have a full legal team, in house, to assist buyers with obtaining titles.
With my credentials and the support of my in house legal team, I am qualified to represent, and PROTECT BUYERS as they search for and purchase the perfect vacation home or income producing investment property.
It is important that a foreign buyer connects with a properly qualified licensed agent for their real estate search and purchase transaction. Licensed agents, AMPI and NAR members are held to high ethical standards; attend continuing education classes, and keeping up to date on current issues so they can help guide their clients through the buying and selling process in Mexico.
Ask me for my FREE guide to safely purchase Mexico real estate.
US Line in Mexico: (602) 539-3124
Mexico Cell: 011-521-638-109-0443
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