Merida Centro homes in need of renovation catch the eye of some American real estate investors. (PHOTO: ExplorationVacation.net)
The good quality and price of the properties that can be acquired in Mexico caused interest by American citizens to become owner of a property in the country to triple during 2016, according to data of the National Association of Realtors Of the United States (NAR for its acronym in English).
According to the information, of the clients who wanted to buy a property outside the U.S., 13 percent wanted to do it in Mexico, which represents an increase of more than 3 times, compared to the 4 percent of intention in 2015.
“Buyers want to spend winter time in better weather sites, in places like the Riviera Maya. So for these people buying a beach house in a place like Florida is much more expensive, especially in the tax and maintenance part, than in Mexico,” explained Margarita Sanclemente, CEO of Sanclemente Group in the United States.
According to the NAR document, 87 percent of American citizens who are looking for a property abroad want it for use as a vacation residence or as an income business.
According to the executive, while in the United States the maintenance of a property represents annually 1.8 percent of the value of the property, in Mexico this cost is only 0.2 percent.
He also highlighted the fact that areas of greater interest to Americans, such as the Riviera Maya or San Miguel de Allende, began to record a dollarization in the price of their properties.
As a result, developers and real estate brokers increase their earnings, due to the depreciation of the peso against the greenback in recent months.
Source: elfinanciero.com
Comments
more recommended stories
Pirates arrested in Progreso after assaulting a fishermanA pair of “pirates” were arrested.
López Obrador watched the Mexico game with Mexican actor Tenoch HuertaPresident Andrés Manuel López Obrador bragged.
Another fatal accident on Merida’s PeriféricoOnce again Merida’s Periférico became the.
Progreso beachgoers take TV screen to the beach to watch Mexico’s World Cup gameOnce again, some people stopped their.
Sheinbaum, Ebrard, and Augusto López marched along with López Obrador in Mexico City on Sunday, November 27The head of government, Claudia Sheinbaum;.
Sectur with no tourism products to offer to generate investment in CampecheAccording to the Campeche State Secretary.
Yucatan breaks records with the participation of more than 2,000 horses in the annual “Cabalgata”Yucatan broke records in the first.
AMLO and Morena’s presidential candidates will walk at the front of the march this SundayIn the front row of the.
Due to high inflation, AMLO says a salary increase is necessaryPresident Andrés Manuel López Obrador (AMLO).
Feminicides continue unstoppable; 12 victims per day in Latin AmericaIn 2021, 4,473 women were murdered.
Leave a Comment