May 2nd, 2008 by Eileen Peck
The Mexican mortgage industry is relatively new. Until recently, most residential property was sold in cash transactions. In the absence of mortgage products, not only were potential buyers closed out of the market, but owners of real estate in Mexico had no opportunity to put their equity to work.
Today, mortgages are available for structures, construction […]
May 2nd, 2008 by Eileen Peck
Real estate in Mexico is hot right now; there’s no doubt about that. US real estate agencies are setting up offices in the prime tourist sites to promote vacation, second home and retirement properties. Given that the first of the baby boomers are entering retirement right now, these branch offices are here to stay.
A […]
May 2nd, 2008 by Eileen Peck
Currently, about 50,000 US citizens own Puerto Vallarta real estate. Many of these people are retirees, however a growing proportion of owners are those looking to build a second home or investment property. Regardless of why they own Puerto Vallarta real estate, they’ve made an excellent choice in terms of location.
Puerto Vallarata is undergoing […]