The real estate market in Mexico – especially the luxury segment – keeps growing, despite the slowdowns in world real estate markets. Mexico is in a small group of nations experiencing unprecedented economic growth. It’s status as a developing nation makes it a prime area of interest for commercial and residential real estate investors alike. Mexican real estate is in high demand in certain areas of the country. Puerto Vallarta is one of these areas. Luxury
Puerto Vallarta homes are in especially high demand right now.

As a tourist center, Puerto Vallarta welcomes more than 2 million visitors each year. As part of Mexico’s long-term strategy to cultivate economic independence from the US and shift its dependence on oil revenues to something more stable, Mexico is investing heavily in its tourist destinations on the east and west coasts. Puerto Vallarta is situated on Mexico’s Pacific coast and the prospects of living here are very attractive to many people, especially retirees.

At one time, buying Mexican real estate was a risky proposition. The Mexican federal government has taken significant steps to ensure that foreign investors buying land in Mexico have mechanisms to ensure their ownership rights. These steps now protect both foreign and domestic buyers alike.

The changes in the laws that govern Mexican real estate have encouraged lenders to make mortgage loans here. It’s now possible to get mortgages for buying land, building, and buying existing real estate. It’s also possible to get refinancing loans.

All of these factors have combined at just the right time. The availability of land and financing, and changes in the laws that are designed to recognize and protect owners rights make Mexican real estate one of the best investments you can find.

Photo Credit: Asif Akbar