Beachfront Property in Mexico

The reasons for buying inland or beachfront property in Mexico are as numerous and diverse as the tens of thousands of foreign citizens who take the leap each and every year. For many, purchasing real estate in Mexico is a chance to finally achieve the dream of building a second home to escape to during the frigid winter months of the U.S., Canada and Europe. For others, buying property in Mexico is more of an investment opportunity, in which they enjoy for a month or two every year and rent out for profit when not in use while enjoying at least an annual 10% appreciation in property value. Still yet, for others, purchasing real estate in Mexico is the perfect opportunity to secure that retirement home in paradise where they can spend their golden years enjoying a year round perfect climate, world class golf courses and restaurants, and some of the most hospitable and friendly neighbors on the planet.

Just as is the case in most other places throughout the world, Mexican property values increase significantly from year to year, but accross the board, property values in Mexico are still much lower than those in the U.S., Canada and Europe. Also as is the same with real estate properties in the U.S., Canada and Europe, beachfront property in Mexico is in considerably higher demand and significantly more valuable than properties located further inland. Still, when compared to beachfront and ocean view properties in Malibu or Monaco, Mexican property along the coastline still comes at quite a bargain, but that will most certainly not be the case for long.

Considering that foreign citizens have only been permitted to legally purchase and develop beachfront property in Mexico since the Constitutional reforms of 1992, the era of opportunity for investing in beachfront property in Mexico, while still young, will not last forever. It is no question that some of the most beautiful beaches in the world are located along the 9,330 km of Mexican coastline, but as would be expected, the most select beachfront property in Mexico with the most incredible views and convenient locations (proximity to amenities such as international airports, public utilities and entertainment attractions), are the first to go. In other words, if you are considering investing in beachfront property in Mexico, there is not going to be a better time to do so than today.

Shane Lewis is a Mexican real estate specialist in Puerto Vallarta, Mexico. Where he is also studying Mexican Law with a focus on real estate and property law. He has several years experience working and living in Mexico, and is happy to answer any questions foreign citizens in Mexico may have regarding the purchasing process in Mexico.

For immediate information regarding property in Puerto Vallarta feel free to contact Shane at shanemlewis@gmail.com.