raditionally, investing in
property in Mexico has been Although new builds are by far
largely overlooked due to the most popular option for those
the troublesome political history looking at investing in property
of the country and the perceived in Mexico, there are also plenty
economic risks involved. of older properties available at
very reasonable prices.
However, more recently, Mexico
has really started to grow and In these popular regions,
has become much more stable, property prices have risen
economically, politically and consistently over the last few
even socially. years, at an average annual rate
of over 10 percent. Some analysts
Tourists are now keen to travel fear that the market in these
to Mexico to make the most of the regions has now seen the sharp
beautiful coastline and the warm increase and that those
climate. In particular, North considering investing in property
American tourists have begun to in Mexico should look to the less
flock to Mexico, although the developed areas.
appeal is now becoming more
widespread with tourists from One of these potential options is
further afield also realising Manzanillo, on the Pacific Coast,
what this country has to offer. in central Mexico. Until recently
this area had been overlooked, as
In order to cater for the tourist it was consider to be
market, there has been a huge inaccessible and to have weather
influx of apartments and new extremes.
build properties in the popular
resorts of Los Cabos, Puerto However, the reality is far from
Vallarta and Ixtapa. this and Mexicans going on
holiday have been travelling to Tourism is vital for anyone
this region for decades! The area investing in property in Mexico.
does not attract the weather Over 55 percent of Mexico’s
extremes that were originally revenue comes from tourism and it
feared and has miles of beautiful is likely that this will be the
undeveloped coastline to explore. main audience for any property
The figures suggest that this investors. With this in mind, it
area is undergoing a huge boom, is ideal to invest in areas that
with property prices rising more are experiencing substantial
than 15 percent a year. tourist growth such as Campeche,
where a huge holiday resort is
Despite the recent surge in planned to attract tourists to
prices, they are still the area.
considerably lower than the more
popular areas of Mexico, with a The tourist market in Mexico is
detached house a few minutes from going from strength to strength,
the beach available for purchase with 22 million visitors making
for under 100,000 US dollars! their way to Mexico last year;
and this is set to continue for
One investor has stated: ‘The the foreseeable future.
temperature is perfect and the
beaches are spectacular. Even It is this factor that makes
though you are able to find investing in property in Mexico a
beaches and beautiful places all wonderful option for someone
over the world, it is the people wanting to make the most of a
that really make Manzanillo a booming market and a country very
marvellous and special place one much on the up, in every way.
would not want to leave’.
About the Author:
Providing essential information on buying property abroad, Tem Pearson is dedicated to offering all the necessary information for people looking to buy property in different countries. Visit www.buying-property-abroad.info for all the best info.
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Tem Pearson
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