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Who Buys in Mexico

A majority of foreign real estate buyers come from the USA.  Canada is second.  Third, is Latin America.  The European Union countries rank in fourth place. 

Factors That Impact Mexican Property Values Include:

• Access: roads, airports, and harbors
• Infrastructure: water and waste system, communications, telecommunications, and streets
• Community: presence of other expatriates
• Services: hospitals, retail stores, medical facilities, grocery stores, and restaurants
• Attitude: acceptance of foreigners and newcomers by the locals
• Climate: warm weather, year-round spring, or “some like it hot”
• Atmosphere: traditional, colonial, or relaxed
• Recreation: fishing, golf, mexico ecotourism, cultural activities, tourism , and boating
• Development: variety of property types and price ranges
• Security: condo units, self-contained, or gated communities
• Future development: recreational, commercial, and residential
• Supply and demand: hot seller’s market

Types of Mexican Proptery Buyers Include:

• Retirees: Retirees are attracted to the low cost of living and the mild costal property climate.  There are also many well-established expatriate retiree communities in areas such as Ajijic and Lake Chapala.  Usually, retirees prefer areas within easy driving distance from the border, giving them greater access to medical care.  Puerto Penasco is one such place located south of the Arizona border.  Although there is quality healthcare in Mexico, Medicare will not reimburse expenses incurred outside of the USA.  Additionally, retirees can still receive their social security checks and many have them deposited directly into a U.S. bank so that they can be drawn on by ATM withdrawal or transfer.
• Second and Vacation Home Buyers: Second and vacation home buyers purchase property based on factors such as easy access, appreciation potential, affordability, recreational enjoyment, and current rental income.  Some even plan on having their vacation home become their retirement home in the future. 
• Investors: Important factors for investors include access, appreciation potential, affordability, and current rental income.  Some investors have plans for future development and thus purchase a residence with adjacent vacant land.  Investors may also be interested in purchasing multiple properties.  Some even purchase property for its flipping potential.

Areas Popular with Foreign Buyers of Mexican Real Estate:

• Baja (Sea of Cortez): Loreto, Todos Santos, Los Cabos (Cabo San Lucas and San Jose del Cabo), La Paz (ferryboat to mainland Topolobampo and Mazatlan), Ensenada, San Felipe, and Santa Rosalia. Commercial cities include: Mexicali and  Tijuana.
• Pacific Coast: Acapulco, Nuevo Vallarta, Puerto Vallarta, Zihuatenejo, Manzanillo, Ixtapa, Mazatlan (ferryboat to La Paz and Baja), Guaymas (ferryboat to Santa Rosalia and Baja), Bara de Navidad, Puerto Penasco (Rocky Point), Puerto Escondido, Nayarit, Puerto Libertad, Punta Delfin, Liberty Cove, and Huatalco.  Commercial cities include: Mazatlan and Topolobampo.
• Gulf Coast: Cancun, Playa del Carmen, Cozumel, Costa Maya, Tulum, and Riviera Maya.  Commercial cities include: Tampico, Veracruz, Campeche, Progresso, Merida, Ciudad Victoria, Matomoros, and Villahermosa.
• Interior: San Miguel de Allende, Cuernavaca, Aguascalientes, Guadalajara, Lake Chapala, Ajijic, Morelia, Oaxaca, Guanajuato, Palenque, and Barrancas de Cobre.  Commercial cities include: Juarez, Puebla, Toluca, Chihuahua, Reynosa, Guadalajara, Hermosillo, Monterrey, San Luis Potosi, Leon, and Mexico City.