Select Mexico Properties

A recent poll showed that 20 percent of respondents believed they would fund or partially fund their retirement using home equity. This is an unstable strategy in light of the current conditions in the US real estate market.

First, home equity is unlikely to provide a significant amount of capital for retirement. After leaving the workforce at age 65, the average retired man can expect to live an additional thirteen years. The average retired woman can expect to live an additional 17. In the absence of major health issues, many retirees live twenty or more years after leaving the workforce. The amount of money needed for a comfortable retirement in the United States easily stretches into the hundreds of thousands of dollars, well beyond what home equity offers. In some cases, people who have amassed more than one million dollars are still concerned that they will outlive their retirement savings.

Second, the US real estate market is in a sharp decline. Some areas – primarily those popular with retirees – have dropped 25% or more in the past year alone. Experts warn that the declines will continue, but are optimistic that the market will begin to rebound within a year. In some areas, realtors are currently reporting a 4-5 year supply of homes for sale, based on the average sales volume for the area. Senior workers who plan to sell their homes may have to wait months or years to find a buyer, sell the home for significantly less than its value; or sell it for less than what is owed on the mortgage.

Third, relying on a single investment to fund retirement is dangerous. Real estate is typically a good investment, as long as you’re investing in the right market. Clearly, the US market isn’t presenting the right investment opportunities right now. In fact, many European real estate markets are doing poorly, too. Latin American real estate is a bright spot in the world market right now. Emerging economies in this part of the world make real estate purchases here attractive to investors.

Puerto Vallarta has one of the hottest real estate markets in Mexico right now. Property is appreciating here at a rate of about 10 percent per year. If your real estate holdings aren’t producing this kind of growth, you may want to take real estate billionaire Sam Zell’s advice and look south of the border for real investment values.

Select Mexico Properties is currently offering a limited number of Pacific coast parcels that are suitable for luxury residential development. The cost of land and construction here are comparatively low, and the return will be high. Please take a moment to look through the parcels we’re offering, then contact a Select Mexico Properties sales representative and let us show you how to use real estate investments to your best advantage.

Photo Credit: Billy Alexander

If you’re investing for retirement, the news recently that the US real estate market may hit bottom sometime this year may leave you with mixed emotions. “May.” It’s an unreliable word at best, isn’t it? The real estate market in the US may hit bottom and it may not. No one wants to hit bottom, but if that’s what it takes to rebound then some folks might actually be looking forward to it.

If you don’t want to look forward to the markets hitting bottom, then don’t invest in the US real estate market. Invest your dollars in a real estate market that’s performing well, and has been for the last ten years. The real estate market in Mexico is highly attractive to US investors, both small and large.

Real estate mogul Sam Zell has said that he sees no opportunities for growth in the US real estate market. This comes from a man who has made billions in real estate transactions. His choice? Mexico. Emerging economies represent one of the few real opportunities for growth in real estate right now. So he’s buying. If a man who’s made billions in real estate is buying in Mexico, shouldn’t you at least consider your options there?

Investing in a positive market puts you in a much better position than investing in a down market does. First, you don’t have to wait for the market to turn around to make money. Second, with this down market, you don’t know how long it will take to rebound. Some analysts believe that this “correction” will take years to absorb. If you’re on the verge of retirement, you may not have that kind of time to wait. Third, what if the analysts are wrong about where the bottom is? It’s possible. It’s also possible that there will be more than one “bottom.” In the last recession, there were three. Can your portfolio take three tough hits like that?

If you want to know what the Mexico real estate market has in store, please contact a Select Mexico Properties sales representative today. Let us show you how to take advantage of the positive market conditions in Mexico right now and insulate your portfolio from the US investment markets.

Photo Credit: Luis Tapia

Balancing your investments can be tricky, especially when it comes to real estate and retirement. New statistics show that the number of new 401(k) plans has leveled off in the past several years. The current annual contribution to a 401(k) plan is just under $5,000. Analysts are now concerned that real estate investments may have taken the life out of the growth of 401(k) plans, leaving homeowners with reduced retirement savings and falling real estate valuations.

In Puerto Vallarta, you can invest in real estate and retirement at the same time, and see phenomenal growth in the value of your investments. Unlike the US real estate market, there are no signs of softness in the Mexico real estate sector. Certain places in Mexico are performing above the national average. Puerto Vallarta real estate, for example, has been appreciating at a rate of 10 percent per year for the past 10 years.

You won’t find this rate of return in US real estate markets, where even the top luxury real estate markets have fallen off, some by as much as one-quarter. By looking outside the US for good real estate investment prospects, you won’t have to choose between funding your retirement and funding your real estate investments. By purchasing Puerto Vallarta real estate, you’re eliminating competing priorities. Your real estate investments here are also your retirement investments.

In addition, when you build a home here, you’ll find that you can afford much more space and many more amenities than you could build into a new home in the US. One of the reasons that Puerto Vallarta is so attractive is that its cost-of-living is low. With this low cost-of-living, a comfortable retirement is within reach of many people who have prepared for retirement, but may not have enough accumulated to enjoy retirement comfortably.

If you’re ready to find how how real estate investments in Puerto Vallarta can boost the value of your retirement portfolio, please contact a Select Mexico Properties sales representative today!

Photo Credit: Ben C

The Mexico real estate market has its ups and downs, just like any other place. The difference in Mexico real estate investments is that the market influences that are acting against the US real estate market aren’t really at work here.

Yes, a lot of construction is happening in Puerto Vallarta right now. In fact, it’s happening all along the Mexican Pacific Coast. On the surface, an abundance of construction might suggest that there will soon be an oversupply of Mexico real estate, and investors could lose out. The bottom line is that housing supply here currently outpaces demand, meaning that it’s a buyer’s market in Puerto Vallarta.

If that concerns you, it shouldn’t. Here’s why.

From 2003 to 2007, the average condominium price here increased by nearly 80 percent. In comparison, the average condominium price in the US rose 32 percent over the same time period. Despite the increase in the number of available properties, property values are still appreciating here. Keep in mind that part of the dramatic difference in appreciation between US and Mexico real estate has to do with the decline in value of the American dollar.

While the dollar has been weakening, the euro is looking quite strong. That strength is driving a robust interest in property here in Puerto Vallarta by Europeans, who are buying “bargain” real estate, and are likely to continue as long as the euro is strong. Despite this, the majority of buyers here are Americans.

For the most part, the Mexico real estate market isn’t driven by home loans. In fact, mortgages have only been available for a few years and home equity loans have only been available for a few months - when you can find them. Prior to the advent of the mortgage, most homes were purchased for cash.

The mortgage products that are available here are very straightforward, traditional mortgages. You won’t find the underpinnings of the American mortgage crisis forming in Mexico anytime soon. What is more likely to happen is that Americans who have purchased Mexico real estate may look to sell, increasing even further the number of properties to buy.

This all underscores what I’ve been saying: now is the time to buy Mexico real estate in Puerto Vallarta. Puerto Vallarta is in a buyer’s market, but the potential for appreciation is huge. Puerto Vallarta will always be a spectacular vacation spot on the shore of the Pacific Ocean and it will always be attractive as a retirement destination. If you’re in a position to buy, Puerto Vallarta is definitely the place. Contact a Select Mexico Properties sales representative today.

There’s a building boom going on in Puerto Vallarta these days. The government has just announced the construction of a new highway system designed to deliver four-lane access to many destinations within the country, including Puerto Vallarta. The highway project will be completed in 2010, and when it’s finished, those who don’t own Mexico properties in this area will have missed out on one of the biggest, best and safest real estate investment opportunities to come along in years.

The value of Mexico properties is rising in many areas of the country, but none are rising faster than properties in the Riviera Nayarit. Puerto Vallarta is the heart and soul of this area and the massive government investments ensure that the tourists will continue to flow into Puerto Vallarta for years to come.

Right now, you have a once-in-a-lifetime chance to invest in Mexico properties. Buy investment properties now in Puerto Vallarta and within a few years, you’ll realize incredible gains. The airport capacity here has just been expanded to accommodate another 800,000 tourists. The highways are being expanded to provide four-lane access to Puerto Vallarta and all of its beaches. The government is planning for a flood of tourism dollars here. Don’t you want to be here, too?

Good real estate investments are hard to come by in the US these days, but an investment in Mexico properties is solid. The property values have been rising steadily in Puerto Vallarta for the past ten years. Actually, that’s an understatement: they’ve tripled - without the highway and without the airport upgrades. Imagine what they’ll be doing a few years from now.

Puerto Vallarta is the best place to invest in Mexico properties right now. If you’re ready to invest in real estate, now is the time to do it. contact a Select Mexico Properties sales representative today and learn how to make the most of an investment in Mexico properties.

What would it take to get you to consider an investment in Mexico real estate? It’s easy to get bogged down in the instability of the US real estate market. US real estate investors no longer see the large increases in property values of the past decade. Homeowners are having trouble making mortgage payments, buyers aren’t buying, and commercial real estate investments have gone flat.

The Mexico real estate market doesn’t share that trouble, and in fact, the value of Mexico real estate has been climbing for the past ten years. Real estate in the Puerto Vallarta area is selling fast, due in part to some major investments made by the Federal government to increase tourism in the area. The investments have worked and new hotels, condominiums and all-inclusive resorts are being built right now. Some of these properties are already in service, and airlines are adding non-stop flights between US cities and Puerto Vallarta.

Puerto Vallarta is a spectacular vacation destination. Puerto Vallarta is on Mexico’s Pacific coast. The natural beauty of the area is indescribable, and pictures just don’t do it justice. You can own a piece of this Mexico real estate, if you’re prepared to act right now.

Select Mexico Properties has invested in a parcel of prime building sites in San Pancho, just 30 minutes north of Puerto Vallarta. Thirty minutes north of San Pancho, you’ll find ancient ruins, archaeological sites and some of the most beautiful, peaceful and pristine areas in all of Mexico.

The time to invest in Mexico real estate is right now. If you’re in a position to take advantage of this opportunity, contact a Select Mexico Properties sales representative immediately for more information about investing in Mexico real estate.