Top Ten Facts about Mexico Real Estate
 PVNN
| | For more information about Mexico Alive Discovery Weekends, call Toll Free from the U.S. 1 (866) 978-8158 or Canada (800) 469-1037 | |
Puerto Vallarta - Mexico Alive, a Puerto Vallarta-based real estate development company, has been hosting educational real estate seminars in various cities throughout Mexico for more than a year. These events are called Discovery Weekends and average about 40 attendees and $3.5 million in sales per event.
During the four-day, three-night events Mexico Alive representatives and third-party sources educate attendees about the vast investment, recreational and retirement opportunities awaiting real estate buyers in Mexico, discussing topics such as lending, insurance, local culture, health care, property value and appreciation.
Mexico Alive has found that Discovery Weekend attendees consistently ask the same questions, most of which are fueled by the current housing and economic crisis plaguing the U.S. In an effort to educate more people about the facts surrounding Mexican real estate purchases, Mexico Alive has decided to share the "ten things people don't know about Mexico real estate" — and didn’t think to ask until the recent housing and financial crisis.
1. Property in Mexico can be purchased with a self-directed IRA (Individual Retirement Account) with no penalty, because buying foreign real estate is the same as buying a stock or bond. The only catch is the property must be treated as an investment.
2. Property values in some Mexican markets have doubled in the last five years—and continue to appreciate. Even markets experiencing a slower appreciation are still steadily rising. For example, properties in Mazatlan, Mexico, have appreciated an average of ten percent per year for the past ten years.
3. Of the 4.1 million Americans who reside in other countries, approximately one million reside in Mexico.
4. Some of the larger groups of Americans and Canadians can be found in Mazatlan, San Miguel de Allende, Puerto Vallarta, Guadalajara-Lake Chapala and Los Cabos.
5. The top ten fly-in destinations in Mexico are: La Paz, Mazatlan, Manzanillo, Ixtapa-Zihuatanejo, Cancun-Riviera Maya, Acapulco, Mexico City, Los Cabos and Puerto Vallarta.
6. Banking institutions like Wachovia (NYSE: WB) and Deutsche Bank (NYSE: DB) offer fixed-rate mortgages for properties in Mexico.
7. Mexican property can now be insured by US-based title companies, such as Stewart Title (NYSE: STC) and First American (NYSE: FAF). The cost for title insurance is estimated at about $5 per $1,000.
8. Non-nationals can now securely own Mexican real estate on or near a coastline or border with another country. The property is purchased through a bank trust (fideicomiso) or a Mexican corporation for foreign purchasers.
9. Properties in Mexico can be purchased with a reverse mortgage.
10. For a $140,000 investment, a buyer can own a view lot with a 900 square-foot home, a 1,200 square-foot patio and all household necessities (i.e. furniture, kitchen fixtures, etc.)
Mexico Alive’s Discovery Weekend events are offered in various cities throughout Mexico, including Puerto Vallarta and Mazatlan. In Mazatlan, the Discovery Weekends are hosted by the El Cid Resort and are all-inclusive affairs, featuring a tour of the historic city, visits to a variety of properties, sunset cruise, authentic Mexican fiesta and all food and beverages. The event costs $185 per individual or $250 per couple. Mexico Alive plans to expand its unique, educational concept of Discovery Weekends to a dozen Mexican destinations.
Visit GetIntoMexico.com for a free information kit that’s packed with facts about Mexico’s real estate opportunities and its cost of living, or visit MexicoAlive.com. Better yet, attend one of the upcoming Discovery Weekend events in Mazatlan for a full educational experience. Upcoming Mazatlan Discovery Weekend dates: January 29-31. Call 866-978-5427 for details. |
Vallarta Weddings
Puerto Vallarta Real Estate | December 2008 
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