MEXICO REAL ESTATE
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MEXICO REAL ESTATE
The real estate market in Mexico has taken huge strides during the last 10 years. Mexico's close proximity to the United States, offering thousands of miles of coastline for the development of beachfront properties, is just one of the reasons. New real estate ownership tools that provide a high level of confidence for out of country buyers is another important part of the equation.
In years past foreigners could not own property in Mexico. Recently, however, Mexico has amended the rules regarding foreign ownership, allowing outsiders to own property by holding title in a trust, which is held by a Mexican bank. This trust system, in conjunction with the availability of U.S. Title Insurance, has made Mexico real estate an attractive investment for an increasing number of gringos.
Real estate options in Mexico include ownership, leases, rentals and timeshares. Foreigners have been leasing properties from landowners in Mexico for many years, but with the recent change in ownership rules, a higher percentage of foreigners are buying instead of renting or leasing. However, many gringos still choose to lease properties to enjoy their piece of paradise. And for travelers who just want to own a week or two in Mexico Vacation Intervals (Timeshares) are still an option.
The one element of Mexico's real estate system that still holds back the full potential of the it's real estate potential is the lack of institutional financing. The traditional type of financing currently found in the United States is generally not available in Mexico. Institutional financing is slowly becoming available, but large down payments are usually required. President Fox is working on his goal of making affordable financing available to Mexico's citizens, and this system will ultimately evolve as a tool for foreign investment as well. But any new system may take years to implement. The new Hipotecaria Federal Bank, much like Fannie Mae in the U.S., is still in it's early stages.
In addition to accessing real estate information from this section of Mexico Expo, each of the City Directories in Mexico Expo has a real estate section that can be accessed directly from those city home pages.
For more information on buying property in Mexico using a "Fiedicomiso" and the Bank Trust method of holding title please review this basic information on BUYING REAL ESTATE IN MEXICO by Dennis Peyton.
To review additional information on buying and selling property in Mexico visit the web site of THE SETTLEMENT COMPANY.
Reviewing the Lonely Planet's MAP OF MEXICO will help give you a better perspective of Mexico's more popular locations.
Visit the web site of MEXICO REAL ESTATE RENTALS for renting in various parts of Mexico.
If you have real estate information on a Mexico location that you would like us to add, feel free to contact Carlos Fiesta with your suggestions!
We have divided the other Mexican destinations into 3 different categories:
Mexico's Baja Peninsula, the mainland Mexico and the Yucatan Peninsula each offer a distinctly different type of real estate experience. They each offer a unique culture, geography and climate. Yet they all share one common denominator, real estate at prices well below U.S. prices.
Baja real estate offers many locations within a short drive from the United States. In addition to the cities that are within an easy drive of the border, there are several cities in Baja that are accessible by commercial airlines within a 2 hour flight from the U.S.
To help give you some perspective visit Cabo Bob's MAP OF BAJA.
For an even better perspective look at this SPACE PHOTO of Baja.
And while you are up there check out these SPACE SHUTTLE PHOTOS of Baja.
BAHIA DE LOS ANGELES * BAHIA CONCEPCION * BAJAMAR * BUENA VISTA * CABO SAN LUCAS * EAST CAPE * ENSENADA * GONZAGA BAY * GUERRERO NEGRO * LA PAZ * LORETO * MULEGE * PUERTO NUEVO * PUERTECITOS * PUERTO SALINA * REAL DEL MAR * ROSARITO BEACH * SAN FELIPE * SAN IGNACIO * SAN JOSE DEL CABO * SAN JUANICO * SAN QUINTIN * TIJUANA * TODOS SANTOS *
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Although most of the gringo interest in mainland Mexico real estate has been along the west coast, there are several places in Mexico's interior that have gained a loyal following over the years. Lake Chapala, Guanajuato and San Miguel de Allende are a few examples.
Houses are a desirable commodity for vacation homes in Mexico, but the affordability of condominiums has captured an increasingly large share of the new developments in Mexico.
If you have real estate information on a destination in Mexico that you would like to share with us at Mexico Expo please feel free to e-mail the data to Carlos Fiesta!
For the ultimate views of Mexico visit these SPACE SHUTTLE PHOTOS of Mexico.
ACAPULCO * CIUDAD JUAREZ * GUADALAJARA * GUANAJUATO * GUYMAS * HUATULCO * IXTAPA - ZIHUATANEJO * LAKE CHAPALA * LOS MOCHIS * MANZANILO * MAZATLAN * MEXICO CITY * OAXACA * PUERTO VALLARTA * SAN MIGUEL DE ALLENDE * ZACATECAS
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The Yucatan Peninsula is a spectacular place. Tropical jungles, azure warm Caribbean seas and a history and culture unlike anywhere else in Mexico. And, as you will see, the secret is getting out. Real estate development has increased from Cancun to Tulum and most of the vacation homes along this magnificent stretch of coast are right at the water's edge.
For visitors who want to have easy access to big city products and services Cancun offers diverse real estate options. Homes, condos and timeshares come in all shapes and sizes in the Cancun area.
For those who want to get away from it all, the areas south of Cancun offer peace and tranquility with city convenience less than an hour's drive away.
Visit the web site of RIVIERA MAYA REAL ESTATE NEWS for good information on real estate along the Mayan Coast.
AKUMAL * CANCUN * COZUMEL * MERIDA * PLAYA DEL CARMEN * PUERTO AVENTURAS *
TOP OF PAGE CANCUN EXPO CABO EXPO BAJA EXPO