The Mexican Real Estate Market is really booming; especially Baja California Sur, in and near La Paz, Todos Santos and Loreto; Playa del Carmen, Puerto Vallarta and other areas. The reason for this is because there is a limited amount of affordable and attractive beachfront left in the US, leaving folks who are looking for their own place in the sun without opportunities.
Opportunities also extend to some non-beachfront properties, f.e. in towns where there is a shortage of in-town, long-term rental properties such as in Puerto Vallarta. It’s not just the sunshine that lures people but the recreational activities, such as diving, kayaking, boating, wildlife, scenery, etc. and proximity to the U.S. and Canada .
With rising health care costs and a rapidly rising cost of living in the US and Canada and with real estate prices leveling of dropping off, many investors and retirees are looking to Mexico for a better investment and affordable way to continue or improve their lifestyle. Baby boomers and investors in the United States and Canada are looking for their second home or retirement home in Mexico. Most areas can be easily reached with many airlines competing for business.
Investors and retirees should be excited because it is still affordable. There is a lot you need to know about hot to buy real estate down there. It’s a bit like the wild west and you have to be careful who you are working with down there. The person advertising and listing a property might not be the right person to work with. I think there are great opportunities for appreciating property down there but as with any investment, do your due diligence and research; and work with professionals who know what they are doing and who will represent your best interest.
Brooks & Heinze Team
Remax NW Realtors
300 NE 97th St
Seattle, WA 98115
206.528.4471
www.propertysalesmexico.com
Wednesday, May 7, 2008
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1 comment:
This is really becoming a trend now. Since I am dealing with
real estate in Toronto I am meeting many people interested in the real estate investments. Especially retirees from Canada are looking for a place with better weather conditions. And now when the dollar is at maximum highs they have a unique opportunity to invest. I can just recommend.
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