Last Updated on Saturday, May 07 2011 13:03 Written by Veterans Today Tuesday, January 12 2010 08:59
North_America Real_Estate News - Mexico Real_Estate News
Since 2004 Cancun, Playa Del Carmen and the Riviera Maya in Mexico have been considered one of the fastest growing areas in the world for real estate. In the past year the Mexico real estate market has seen a decrease because of many factors but mainly the slowing economy in the United States and Canada. Because of this a project in Puerto Morelos, Mexico has surfaced allowing foreigners to get in at very low cost with no risk. The investors that take advantage of this opportunity early stand to gain the best return on their Mexico real estate investment.
Puerto Morelos, Mexico, January 7, 2010 - There is an area between Cancun and Playa Del Carmen, Mexico called Puerto Morelos. It is a small village of less than 2,000 people known mostly for fishing. In the town you will a few stores, restaurants, and some fruit stands. This is an area that is mostly overlooked or passed by on the way to Playa Del Carmen.
Just North of Puerto Morelos there is a private subdivision of homes. The homes were built by a private Cancun developer for Mexican people and until now has only been marketed to them in Spanish. Due to the slow market last year the developer has agreed to release blocks of homes to foreign investors.
This is great news for foreigners looking for a 2nd home or vacation home. The developer released these homes to a local realty company giving them the exclusive sales contract. Cheap Mexico real estate is now able to offer homes to U.S., Canadian, European, and other foreigners. The best part about this is the price. Nearly anyone can afford to own one or more of these homes. The price is only $39,500USD + $5500usd for closing costs. The homes are 2 bedroom 1 bathroom with 688 sq. feet. All have good title and utilities including phone lines. It is just across highway 307 near Puerto Morelos and the famous Crococun Zoo. Incredibly it is less than a 12 minute drive from the Cancun airport and 5 minutes to a beautiful beach. Homeowners may add additional construction to the rear of the home and/or a 2nd level. the front of the home can also be customized with a porch or a gate, etc.
U.S. Veteran Bill Mabra of Cheap Mexico real estate states, "what a crazy idea to think that in 2010 it is still possible for folks to purchase a 2 bed 1 bath vacation home this close to everything for under $50,000usd. This is less than some people pay for their car or truck.”
With real estate obviously it is always about location. How about owning a home for about $45,000USD with closing costs that you can access the airport, the beach and both Cancun and Playa Del Carmen so easily. To get an idea of how far your money still goes in Mexico just visit this Mexico real estate video walk through of the property. Mabra continues, "just like anything else the sooner someone jumps on this the better selection, price, and location they have." The general opinion from the real estate community in Puerto Morelos is that these homes will not be available long at such an affordable price."
| < Prev | Next > |
|---|
North America Latest Real Estate News News
| Realtors president to link real estate and technology 13/03/2011 | The Norman Transcript NORMAN — Realtors know technology plays an important role in the real estate industry. The Norman Board of Realtors has scheduled a continuing education program April 27 at the Holiday Inn that will address the connection between real estate trends and technology. Ronald Phipps, president of the National Association of Realtors, and Richard Mendenhall, past president of the [ ... ] |
| Aren't All Real Estate Agents Realtors? 27/12/2010 | hamptoms.com |
| Southwest Florida real estate market attracts Canadian investors, other international clients 06/12/2010 | News-Press They come from Toronto, London and Dusseldorf, and they're all here for the deals. |
| Competition Bureau not done with CREA 10/11/2010 | Toronto Sun  Weeks after a settlement between the Canadian Real Estate Association and federal competition regulators shook up the resale housing industry, the Competition Bureau is investigating separate complaints against CREA, QMI Agency has learned. |
| On the Prowl for Carlos Slim 08/11/2010 | The Wall Street Jounal  Soly Halabi credits his success to connections and a little luck. Any wealthy mogul with a taste for New York real estate has a favored broker in the city. For Mexican billionaire Carlos Slim, it's a 27-year-old junior-college dropout who's yet to meet his famous client. |
| Calderon seeks limits on luxury cash purchases 05/09/2010 | Guadalajara Report  President Felipe Calderon is seeking to outlaw many transitions made with large sums of cash in a further bid to combat money laundering in Mexico. If the new laws pass, no one would be allowed to make cash purchases for real estate, automobiles, watches, jewelry, boats and dozens of other luxury items over 100,000 pesos (7,700 dollars). |
| International Buyers Dominate Miami's Residential Sales 16/08/2010 | Real Estate Channel  An estimated 60 percent of home sales in South Florida these days involve a foreign buyer, according to the Miami Association of Realtors. |
| Where to buy: Top 10 cities 07/08/2010 | Financial Post  When investing in real estate, sometimes it’s necessary to look beyond your own backyard. The Real Estate Investment Network (REIN), a national organization of investors, has compiled what it says are the top 10 Canadian cities in which to invest. Few are major cities and some are surprising. Don Campbell, president of REIN, as well as one of the researchers on the study, [ ... ] |
| Real Estate Doldrums on Gulf Coast Beaches 19/07/2010 | NY Times  GULF SHORES, Ala. — Nick Wilmott bent down on the beach near the high-tide mark and touched one of the reddish-brown pads of oil. It had washed up overnight from the BP spill off Louisiana and had yet to be cleaned up by the machines that sweep the beaches here every night. |
| Builders See Returning Florida Market 14/06/2010 | The Wall Street Journal  SANFORD, Fla.—In Central Florida, one of the nation's most-hobbled housing markets, home builders are welcoming what they see as a returning market by snatching up cheap land and beginning construction on smaller, less expensive subdivisions. Home builders have been able to slash prices on new homes, partly because land is still cheap —some say as much as 40% to 60% off boom-era lot price [ ... ] |