How Does A Mexican Vacation Home Fare As An Investment?
In 2008, you’re unlikely to find many investments that can provide the return and value that a Mexican vacation home can. The Mexico real estate market isn’t experiencing the softness that you’re seeing in the US market. In fact, quite the opposite is happening.
According to the Secretaria de Tourismo, Mexico was the beneficiary of $3.5 billion in US tourism dollars. For as many tourists as Puerto Vallarta welcomes each year, residential construction here outpaced hotel construction for the second year in a row. So many residential properties are being built here not only because people want to stay here, but also because they want to invest here.
And it’s an investment that’s being welcomed by the government, which has bent over backwards to ensure foreign ownership rights and protections. Eighty percent of coastal land purchases are being made by foreign buyers. They understand the value of coastal property and they’re positioning themselves to take advantage of it.
The availability of prime property for Mexican vacation home construction won’t last forever. Land here is being bought not only by American investors, but also by European and Asian investors who are looking for the same investment opportunities you are. The difference between you and them is that they’re working with strong currency. This land looks even more like a deal to them than it does to you.
If a Mexican vacation home is part of your overall investment plan, please contact a Select Mexico Properties sales representative today. We can connect you with exquisite properties, as well as architects and engineers who are well versed in designing and building luxurious hillside homes. Please don’t wait to investigate this opportunity. Land is being gobbled up here by buyers who are anxious to take advantage of the sky-high investment potential of these properties. Please contact one of our sales reps today!
Photo Credit: Matt Dragseth
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