Select Mexico Properties

Fidelity Investments released a report recently on the state of retirement savings in the US. The company reports that while US workers continue to fund their retirement accounts, despite the volatility of the economy, the average worker’s account balance was down by 7.5% at the end of June 2008 when compared to the same period one year earlier. During the same time period, the S&P 500 declined by 15%. For Americans who are looking for an upwardly mobile investment, many are finding that buying real estate in Mexico is a highly attractive proposition.

Property values in some areas of Mexico – like Puerto Vallarta – have increased by ten percent or more per year for the past decade. This sustained growth, combined with massive infrastructure investments being made by the Mexican Federal government make Puerto Vallarta one of the hottest five real estate markets in the entire country.

Puerto Vallarta’s location is particularly attractive. The city is situated on Mexico’s Pacific coast and is considered prime real estate. The land is priced affordably right now, but there are solid indications that land values will skyrocket in the coming five years. Luxury real estate developers have moved into the area to take advantage of the significant demand for Puerto Vallarta luxury real estate.

Individual investors are seeing the best returns among properties that they purchase for luxury development. The benefits of this strategy are significant; for the small investor, a Puerto Vallarta luxury home can serve as the ideal second home or retirement home. Mexican property taxes are quite low, as is the cost of living here. Puerto Vallarta real estate could be used to offset the high cost of retirement seen in many US retirement destinations.

Mexican property laws permit the easy transfer of ownership to beneficiaries like children or close friends. The property could be used as an income generator, and could reduce or eliminate the need to work in retirement. Finally, the property could be sold to capture substantial gains in appreciation over a relatively short period of time.

There are so many good reasons to consider buying real estate in Mexico. If you would like more information about buying real estate in Mexico – particularly in the Puerto Vallarta area – please contact a Select Mexico Properties sales representative today!