Mexico the Newest Hot Spot for Real Estate Investors
"An Incredible Real Estate Investment Opportunity"
With North American real estate markets continuing to reach unprecedented heights, real estate experts and investors are turning to Mexico as their next property investment hot spot.
"Investing in Mexico is an incredible real estate investment opportunity," says Realtor and Developer Graham Kirby, whose 21 years of international project marketing experience tell him that a real estate boom has already begun in sunny Mexico.
Affordable prices, quality developments and guaranteed title, combined with stunning sun-soaked beaches, and beautiful turquoise waters, make the Mexican market an enticing draw for investors and those looking for an affordable second home in an exotic location. Once considered to be somewhat of a risky endeavour, investment in Mexico can be safe, stable and lucrative.
"The fact that Mexican law now allows foreigners full and guaranteed title in real estate purchases, has stabilized the market considerably, and, in many ways, is pushing it toward a huge boom," says Kirby. "Full ownership gives you total control over your property and allows you complete freedom in managing your investment so you can enjoy the full benefits of healthy Capitol Appreciation and excellent Rental Return . You can also personally enjoy the use of your home whenever you wish."
A perfect example of a quality Mexican real estate investment is the Serena Marina & Golf development in Mazatlan.
The stunning Serena Marina & Golf Residences, with its own private marina, sits alongside the largest public marina in Latin America and is surrounded by a championship 18-hole golf course that provides plush fairways and greens that are complimented by spectacular ocean views.
"There is a shortage of quality resort homes in Mazatlan which makes a property like Serena with its incredible location and low density easy to rent out at top dollar, giving an excellent return potential," says Kirby. "These resorts are already selling at an amazing rate. The opportunity to purchase waterfront homes over 1400 sq. ft. starting at US $275,000.00 is a dream come true."
When investing in Mexico, buyers should look for developments like Serena that have a development company registered in Canada and have filed full disclosure with their Provincial Governments. All potential owners should look to receive guaranteed title and have their down payments placed in a fully secure trust account in Canada.
Another huge advantage of investing in the Mexican market is the soaring Canadian dollar, which adds further value to this already tantalizing opportunity. "Vacationers are coming to Mazatlan in rapidly increasing numbers every year and this significant increase is going to continue to put pressure on resort property values and returns," says Kirby, "Our strong dollar certainly doesn't hurt either."
With a stable real estate market, affordable developments like Serena, and Mexico's traditional draw of spectacular beaches and enriching culture, it has become clear to experts and investors that the next major real estate boom will be taking place in beautiful, sun-soaked Mexico.
Graham Kirby is a real estate agent with RE/MAX Masters Realty. He has over 20 years of experience in the real estate and development industries focusing on international markets as well as downtown Vancouver. Graham cut his teeth in Hong Kong as an International Project Marketer which led to his involvement with real estate developments all over the world including Asia, Europe, the USA and, of course, Canada.
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