Buying real estate is likely to be one of the most complicated transactions the average person will encounter in his or her lifetime. Buying real estate in a foreign country is likely to be even more challenging. Buying real estate in Mexico has gotten substantially easier in the past decade, and new mortgage companies are cropping up to serve the huge demand for real estate investment capital.

As an example, ConfiCasa just opened a new lending office in Puerto Vallarta this week, and is offering mortgages here, as well as in a number of other resort towns in Mexico. Mortgage lending is becoming more common in Mexico, and you can find mortgages denominated in either dollars or pesos. The interest rates are highly competitive – around 7 percent – and the process of obtaining a mortgage is relatively straightforward.

The demand for property here in Puerto Vallarta is hot, and the demand for luxury property is even hotter! Investors from North America and Europe are looking for solid real estate investment performance and they’re certainly finding it in Puerto Vallarta. The property values in Puerto Vallarta have increased steadily in the past ten years and will continue to increase as the number of interested buyers rises.

In addition, property taxes in Puerto Vallarta are very low - .1 percent of the sale price of the property and the taxes don’t increase until the property is sold. This is one great reason to build in Mexico instead of buying already developed property. Another is that you’ll pay no capital gains tax on the sale of your home if you have used the property as your principal residence for at least five years. This is excellent news for the investor.

The investment climate here is unbeatable. Luxury real estate in Puerto Vallarta – especially with its exceptional views of the Pacific Ocean – is possibly the best performing real estate investment you can make right now. The potential for increasing long-term growth is excellent and buying real estate in Mexico has never been safer.

If you would like more information about real estate investment opportunities in Mexico, please contact Coaching Services today!