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Real Estate

 

For long time Mexico was for many the far and unknown exotic country. Even, in spite of the fact that often enough it was appeared in films and news.

 

Now Russians and citizen of other European countries open it on the other side - as the country where it is possible to do profitable investments into the real estate.
For a long time already citizens of the USA and Canada discover Mexico from this point of view: investments and acquisition of relative cheap real estate for vacations as the “second home” and comfortable living in a tropical climate in the retirement years.

 

The demand for the Mexican real estate by the Russians is increasing. Not the last point in this positive tendency is the supporting decision of the Mexican government to allow of mortgage credits to foreigners.
This law was accepted by 2008.

 

From January till September, 2008 leading Mexican bank BBVA Bancomer has given out credits for the sum of 500 million dollars under the mortgage. According the forecasts of experts, the sales volume to foreigners of country houses by 2012 will reach 35.000 objects which total cost will make 17 mld USD.

The most interesting place for investment in the real estate of Mexico is the Caribbean coast area, well known as Riviera Maya and Golf coast of Yucatan.
Cost of square meter here is not less, than on Pacific coast, on border the USA, or in Mexico City.
The increasing attention of tourists is pointed to the local resorts places – Playa del Carmen, Akumal, Tulum, Merida and some other. Cancun is more expensive, on the average from 450 to 850 thousand dollars for an ocean view apartment but real estate level corresponds to the prices. For comparison, in Mexico City the bottom limit of cost of apartments makes 120 thousand dollars. Mexico City is the large industrial, economic and cultural centre where the prices are high because of demand and possibility of all-the-year-round rent.

 

The basic real estate offer in the resort areas is apartments in large size complexes near to beaches and houses in the residential communities.
Necessary information about buying properties in Mexico, here.

 

 

 

 

 

 

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