FUTURE LOOK AT THE REAL ESTATE MARKET IN MEXICO
Property values in Mexico, like in the US, tend to increase year-over-year. As the demand for oceanfront property in the US has outstripped supply, it has become an unobtainable and unaffordable commodity for the average person. In Mexico, there are still numerous locations where one can still afford the ocean front home, condo or lot as prices started at a much lower price point.

The increases over the last couple of years have, for the most part, eliminated what we would call cheap housing, but on a relative basis, you can still find a 4 to 10 times differential in prices when compared to the US. And luxury properties are no exception to the savings. In Florida, property taxes are about 2.5% or $25,000 for the same million dollar home that you could own in Mexico for a fraction of those taxes.

With approximately 80 million people in the United States now over 50 years old, this segment of the populations is prone to seeking vacation homes, retirement locations and real estate investments. There is also more wealth worldwide than ever before, and much of this wealth prefers to invest in real estate. As more and more people invest in Mexico, additional services are built to support this trend. As this occurs, it often makes Mexico even more appealing to new investors. Many property investment experts believe that the long-term investment prospects in Mexico look promising. The country itself is becoming stronger economically and the opportunity for long-term real estate appreciation in most regions continues to be favorable, and Mexico real estate provides an attractive opportunity for both investment and enjoyment for decades to come.

The information gathered here should not be construed in any way as legal advice, nor is any content in this document in any way an authoritative source or necessarily up-to-the-moment current. Always consult a licensed Mexican attorney and enlist the advice of professionals in every aspect of your real estate transaction.