MEXICO REAL ESTATE A GLOBAL BRIGHT SPOT

While many countries grapple with economic crisis and the devastation of their real estate market, Mexico is one of a very short list of countries that hasnhad its real estate market not only remain stable, but in many locations continue to grow during this world-wide economic downturn. Many factors have contributed to the strength and stability of Mexico´s economy and sure footed real estate market but perhaps none more important than the lack of credit based debt throughout Mexico. Credit has never been easy to access in Mexico and therefore most of the foreign investment in Mexico “hotspots” such as Playa del Carmen real estate, Cancun real estate and Cozumel real estate have been on a “cash” basis. Wether cashing out investments, collateralizing other assets in their home country or simply pulling money out of their savings, foreigners have traditionally only had the option of paying “ cash” for their Mexico vacation home or Mexico real estate investment. In hindsight quite a blessing for many as their Mexico real estate investment has not only remained safe, but actually grown in value. Only within the last few years has mortgage financing become a viable option when purchasing Playa del Carmen real estate and Cancun real estate and only for a small portion of available Mexico real estate. As guidelines for lending have continued to get tougher in the States, Canada and Western Europe, banks have remained consistent in Mexico as they are more confident in their equity based loans and in the stability of Mexico real estate. For more information about purchasing Mexico real estate, the security of Mexico real estate or financing Mexico real estate, contact us today.