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Posted in Tours Travel

5 reasons that make real estate in Mexico attractive

Mexico has always captivated and seduced people from all over the world. Every year, thousands upon thousands of tourists from all over the world travel to Mexico to experience its vibrant culture, beautiful beaches, sunny weather, and warm people. Its white sand beaches stretch for miles and miles in places like Playa del Carmen, Puerto Vallarta and Cancun. Its crystal clear waters can make any beach lover fall in love. Not only that, its rich marine fauna adds another dimension to its charm.

It is not surprising to discover that Mexico City is one of the most favored retirement destinations for US citizens. It is not only its beauty but also its low standard of living that attracts millions of people. It has affordable housing, an affordable healthcare system, rapidly developing infrastructure, and first-world facilities. All these factors make it an ideal destination for luxury living.

If you are also one of those who share the price of this paradise by buying Real Estate in Mexico, these are the ways that make Mexico even more lucrative for you.

1) Low Real Estate Prices: Right now, prices are low. But the scene will not remain constant forever. For those who plan for the future, investing in real estate at discounted prices means a windfall in the future. Mexico will always be popular with tourists and is developing rapidly. This means that Mexicans will move to cities for work and get more money in their pockets, which translates into higher demand for real estate and therefore price appreciation. For the wise, Mexico is “El Dorado”

2) Income from Rentals: Tourism is the livelihood of Mexico. Tourists come here all the time and in droves. If you only use your Mexico Real Estate as a vacation home, you can rent it out for the rest of the year and earn passive income. You need to make sure that the property you buy is in a city/town where tourists are strong and has good rental potential. Vacation rentals are very popular in Mexico City. Renting your property can even pay off your loans or supplement your income. Anyone who understands investments will realize this benefit instantly.

3) Mortgage for foreigners: Now, even non-Mexicans can obtain a loan directly from Mexican banks. This is a great advance considering that now an American can use the same property that he is buying in Mexico to take advantage of the mortgage. It is no longer necessary for him to have a house or property in his home country.

4) Pre-construction discount: Developers offer delicious prices for their pre-construction properties. This is not for any philanthropic reason, but only to generate interest among buyers and attract their financial backers who want to be sure that their investment is safe. As a buyer, buying at this stage can mean big savings for you. If you have nimble feet, this can benefit you greatly.

5) Fractional Ownership: Do you like the idea of ​​owning a vacation home in Mexico, but don’t want the burden and cost of repairs and maintenance? With fractional ownership you can have all the benefits of a luxury hotel without the price of buying an expensive property. You can purchase a deeded interest in a residence as a room that gives you a certain number of weeks per year in the property in Mexico and the use of all the amenities. By paying only for the time you use, fractional ownership can be a much cheaper way to live a luxurious lifestyle in Mexico.

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