Investment Property in Mexico

Investment Property in Mexico
By Rick Halperin

It is common knowledge that many Americans are finding that investment property in Mexico may provide an interesting option. Is buying property for sale in Mexico still a good way to reposition equity from appreciated domestic property?

Trends show older people and retirees are looking for inexpensive places to live and enjoy the rest of their lives and are finding places like Mexico very attractive. Should you be the one who sells or rents this property to Americans? Is this a good way to put some of your appreciation from your property in the United States to work? We will explore some factors for you to consider:

Overall, the appeal of owning investment property in Mexico is evidenced across the country. For example:

In the last couple of years there has been a land rush in the Riviera Maya, a small idyllic slice of Mexico's Yucatan peninsula. It is this combination of beautiful beaches (or other geographical features) with inexpensive cost of living this bringing Americans by the hundreds to this place and many others.

From the long-time artists' enclave of San Miguel de Allende in the hills of central Mexico to fast-growing sports-fishing and beach communities of the Baja peninsula to Puerto Vallarta on the Pacific coast, there is plenty to lure a sun-seeking retiree.

No place has boomed in recent years like the state of Quintana Roo in Mexico's far southeast corner. Anchored by the high-rise resort destination Cancun at one end and cosmopolitan Playa del Carmen an hour to the south, Quintana Roo is the country’s fastest-growing state, with over a million residents. An estimated 1,500 to 3,000 American citizens live there more than six months out of the year, along with a few thousand more Canadians, Europeans and South Americans.