Select Mexico Properties

Investing in real estate in Mexico has never been easier. Thanks to changes in Mexico’s laws, Mexico land ownership is safe, as well. The Mexican Federal government is promoting direct investment in the country not only by businesses that are considering relocation, but also by foreign nationals who want to own Mexico real estate.

More than 1.5 million Americans own residential real estate in Mexico right now. Mexico residential development is growing significantly as Americans look for ways to reduce their cost of living in retirement. Places like Puerto Vallarta offer a very high standard of living and a low cost of living. The low cost of living extends to major expenses in retirement like health care costs and prescription drugs.

With the changes in Mexican laws, Americans can purchase Puerto Vallarta real estate with confidence. With a fideicomiso – or trust – your land ownership is safe. Your rights are guaranteed, and since the institution of this system, not one single property owner with a fideicomiso has lost his or her investment in land ownership in Mexico. The ability to make safe real estate purchases in Mexico has made a major difference in direct foreign investment and residential real estate development in Mexico.

With the recent addition of mortgage lending in Mexico, the real estate picture here is complete. You can get mortgages for land purchases, new construction, existing real estate and refinancing. Most mortgages are conventional 30-year mortgages, although you can find some new adjustable rate products and shorter-term mortgages.

Recently, more lenders have announced that they are also entering the Mexico real estate market, meaning that they are confident that the Mexico real estate market is safe. For you, that means your lender options are increasing.

Now is the time to invest in Mexico real estate. Don’t wait. You’ll lose the opportunity to take advantage of affordable Pacific coast real estate prices, outstanding appreciation rates and the opportunity to build an excellent investment property. Select Mexico Properties has fewer than 100 premium residential lots remaining and these lots are selling fast. Fifteen percent of these premium real estate development sites have already been sold in just the few months that they’ve been on the market. Do not lose this opportunity. Contact a Select Mexico Properties sales representative today!

Photo Credit: Svilen Milev

For many years, buying property in Mexico was difficult. Mexican home sales were conducted largely on a cash basis. Many people were concerned about the safety of their investments and many people were taken advantage of. Changes in Mexican law and the recent introduction of the Mexican mortgage mean that more people than ever are buying Mexican real estate.

If you’re considering the purchase of real estate here, you may want to consider your Mexican mortgage options. You can find long-term mortgage products, exactly like those you’ll find in the United States, here in Mexico. You can get a mortgage denominated in US dollars or in Mexican pesos.

For many years, pesos were considered unstable because the government often devalued the peso, and usually without warning! These days, the peso is stable and hasn’t been devalued in years. Although a peso mortgage may have a higher interest rate, you may find it more convenient to have a peso-mortgage.

US-based lenders will now lend for the purchase of Mexican real estate. Prior to the change in Mexican law, lenders were reluctant to issue loans because ownership rights were often challenged and banks had little recourse if the property dispute was not settled in favor of the mortgagee. With the institution of “foreign-owner friendly” laws regarding real estate in Mexico, and with the introduction of the Mexican mortgage, banks are much more willing to underwrite the purchase of property in Mexico.

We can provide you with a list of lender referrals if you would like to obtain a Mexican mortgage for the purchase of property through Select Mexico Properties. Please take a look at the parcels we’re offering and see for yourself the value you’ll get by purchasing real estate here. When you’re ready to move ahead with your purchase, please contact a Select Mexico Properties sales representative!