Mexico real estate has been doing very well over the years, when I came here 8 years ago, life was slower and it was 3rd world but today we have millions of Americans Canadians and Europeans looking for a place to life quietly and inexpensively and they now number in the 7 million range and increasing quickly.

It is still possible to have a new home under $150k and live a slower lifestyle with the gentle Mexicn people and slower pace. In my region of the Riviera Maya, things have picked up and its been booming for 5 years with tourists

Whenever you mention Mexico, one of the first places that springs to mind is Cancun.

This is hardly surprising, as Cancun has grown over the last few years and is now recognised as a power to be reckoned with in the global marketplace. Cancun has enjoyed considerable investment from a range of sources, including industry and tourism.

As one of the leading cities in Mexico, it is unsurprising that there are plenty of people considering investing in Cancun property. Cancun has also attracted plenty of investors over recent years as, unlike the more remote parts of Mexico, it has a well-developed transport and communications structure, making property in this city less of a perceived risk than other more remote areas.

There is no denying Cancun’s appeal to both tourists and property investors. This region is the place to be for those looking for state of the art facilities and some of the most dynamic nightlife in the country. As well as the modern facilities, there are some stunning beaches that boast unrivalled surfing and other water sports such as sailing and scuba diving.

Cancun is actually an island off the coast of Mexico. However, the substantial bridges connecting the island to the mainland mean that this island is connected at both ends and the links make the area entirely accessible to both permanent residents and tourists.

Investing in property in Cancun is relatively new, particularly as the island only really started to develop in the late 1960s, with tourism really starting to take off in the 1980s. As a tourist destination, Cancun has really boomed in the last five years, causing property prices to grow by nearly 50 percent, in some of the more popular parts of the island.

In fact, the tourist industry in Cancun has grown so rapidly that there is now a widely recognised ‘Hotel Zone’ with more than 20,000 hotel rooms, most of which are fully booked during the high season.

Although hotel rooms are very popular, there is increasing demand for self-catering apartments and quality accommodation for independent travellers. Airlines are becoming aware of the popularity of Mexico and as a result there are now plenty of flight choices for visitors, thus further increasing the popularity of self-catered properties.

Although the self-catered market has grown rapidly, it still centres largely on the beach apartments that are close to the tourist amenities.

New build apartments are generally considered a good investment, with solid capital growth and an ever increasing number of tourists travelling to the region. These trends not only promise good capital growth but also strong rental yields of around 6 to 10 percent, annually.

Apartments are available from as little as 100,000 US dollars, with larger villas available for around 150,000 US dollars.

There is also considerable development opportunity in and around Cancun, with land available at really reasonable prices, allowing more ambitious investors the opportunity to plan and build their own property or even apartment block!

Cancun is very much on the up and is hugely attractive to tourists, worldwide, making this a real property hotspot!

Baja Mexico is a state located in the northernmost part of Mexico. It literally means “lower California” in Spanish. For those wanting to make an investment in real estate, Baja Mexico gives a host of possibilities. It is a good destination for people, who are looking to relocate or buy a second home or a vacation home. In terms of location options, you will be spoilt for choice, if you are investing in real estate in Baja Mexico.

Baja Mexico can be your apt choice because it provides easy accessibility to the United States. The California peninsula connects it to the continental United States and residents here are within arms length of the Pacific shoreline stretching up to 1,100 miles. The popularity of Baja Mexico as a premier real estate destination can be gauged from the fact that, its population has soared beyond anybody’s expectation in the recent years. Moreover, the tropical climate of this region attracts many senior citizens, who have made it a retirement destination of choice.

Baja Mexico is a heaven for water sports enthusiasts. Recreational activities like snorkeling, diving, small boat cruising and windsurfing are found in abundance. You can enjoy the same in the numerous marinas that dot the area. Investing in Baja Mexico can be a wise decision as you can then reap the benefits of the burgeoning real estate boom that has taken this part of Mexico by storm. A premier investment location can be the Puerto Los Cabos. It is one of the most popular resorts in this region. It gives interested investors an array of ownership opportunities in a new and growing community. This scenic location boasts of miles upon miles of pristine beaches, two golf courses, and a multi faceted marina complex. Coupled with exclusive restaurants, shops and clubs, this resort town is indeed an investment destination to-die-for. It is also a paradise for fishing enthusiasts, as it is in close proximity to the some of the best fishing areas in the region.

Another destination to look at, if you are investing in Baja Mexico, is Pedregal de Cabo San Lucas. It is a brand new resort complex, with nightlife that is renowned throughout the world. It provides all manner of aquatic activities, including game fishing and has many other attractions that make it a tourist paradise. For parents, whose main area of concern is their children’s prospects of education, there is a bilingual elementary school, located along the border of resort compound. Coupled with some great facilities geared towards making the life of its residents comfortable, this is an ideal location for people wanting to buy a home in an exotic location.

Another location in Baja Mexico that investors can look at is the magnificent location of Tortuga Bay in Los Cabos. The place has numerous penthouses, villas, and condominiums that cater to the needs of the real estate investor. This area is so popular, that these accommodations are sold-out in the preconstruction phase itself.

However, do not fret; you can still invest in myriad number of luxurious beachfront property found here.

Another attraction of Baja Mexico is that it is affordable and not too expensive. Moreover, the real estate brokers can direct you to best developers in the region.

There are numerous reasons why you should seriously consider buying Mexico Real Estate, but it will ultimately boil down to both personal choice and circumstances. Everybody knows that investing in Mexico real estate is an intelligent decision.

One thing is for sure, however, before buying, you need to delve deep in to your reasons for looking at Mexico real estate. Are you planning to live in Mexico for a long time? A long term rental may not be a wise decision. This will mean that you will be paying for a long time and at the end of the stay you do not have any asset to speak of. You may consider buying the property in this case.

Since Mexico is a very well known tourist destination, it serves as a perfect vacation home. A condo hotel in Mexico or a villa can serve as an overseas investment property that will provide a handsome rental income while also providing you with a vacation home whenever you want. Nowadays, condo hotels in Mexico are equipped with all modern amenities to speak of. They mostly have pools, Jacuzzis, gym, spa etc. Since, they are managed by a property management company; you don’t have to worry about maintenance of the property and rentals.

Mexico is also an ideal location, if your company looking for a new location, second headquarters, warehouse or manufacturing facility.

Whatever your reasons for looking at buying Property in Mexico real estate, it is important to realize that it can the best investment decision you ever made. Property values in Mexico have been consistently appreciating every year, just like they do almost anywhere else in world. But, property values of Mexico real estate do not typically appreciate as phenomenally and quickly as they do in the North American countries like United States and Canada or Europe . This makes property buying in Mexico a value for buyers. In addition, as with any property, the true appeal and value of property in Mexico comes down to one thing only ? location!

This brings us to another important thing to think about when you are looking at Mexico real estate is the state of development in the immediate vicinity as well as the surrounding governmental infrastructure of the whole entire area. Some areas are much more developed than others, while some are hardly developed at all. While property values will be cheaper in these areas on account of lack of development and infrastructure, be careful when you are looking at these sorts of locations in the purchase of Mexico real estate. Though rapid development is taking place all over Mexico , any development in that area may take time to catch up.

To summarize: Before purchasing Mexico real estate, you first need to conduct extensive research, choose your location and property with due diligence, and ensure that you then hire the right professionals and that the law is strictly followed. Scores of foreign investors have successfully purchased land and property in Mexico and with the right approach and plenty of research, there is no reason why you should not become one of them if you should decide to buy some Mexico real estate.

Author: Jason Keiller