- Real Estate
- Real Estate
Purchasing a home has always been a sound investment. If you make the correct choice, you can secure your long-term future and build a legacy to pass on to your children or loved ones. Homeownership gives you many advantages over renting, including financial stability, tax incentives, value appreciation, and pride of ownership.
If you are looking at the property market but cannot find your ideal choice, purchasing land may be more viable. However, buying an empty lot in the United States or Canada can be expensive. For those looking to invest in land to build their own home or even to build several homes for resale, competition from professional developers willing to pay over the odds can price individual buyers out of the market.
When investors find it impossible to compete with real estate developers at home, buying land in Mexico can be a more realistic dream.
The Benefits Of Investing In Land For Sale In Mexico
- According to Forbes magazine, 2021-2022 is an excellent time to purchase land in Mexico. Returns on your investment (ROI) make good financial sense, with resale values on the ascendancy and the average house price rising by almost 6%.
- Mexico is hugely attractive if you plan to invest. It has a stable macroeconomy, offers good investment incentives, and is close to the United States and Canada. It is also one of the world’s top locations for owning a second home/vacation property and is one of the most popular places to retire. These factors drive a buoyant property market and make Mexico an appealing real estate option.
- Foreign nationals buying property or land in Mexico is straightforward and perfectly legal. If you are looking to buy near the ocean in places such as Puerto Vallarta, you will need to set up a bank trust (fideicomiso), a simple process that your mortgage lender or legal representative can arrange.
- The bank trust (fideicomiso) is set in Mexican law and applies to property purchased by foreigners within the restricted zone – 50 kilometers from shorelines and 100 kilometers from international borders. Outside of these areas, foreigners can hold direct deeds to a property with the same rights and responsibilities as Mexican nationals.
Real Estate In Puerto Vallarta
Puerto Vallarta was recently named the safest city in Mexico. With a thriving ex-pat community, world-class facilities, modern infrastructure, and perfect weather, it is, without doubt, one of the best places in the country to purchase real estate.
When investing in land for sale in Mexico, it is always best practice to do your research and look at as many websites as possible. However, it is essential to work closely with a reputable estate agent with an in-depth knowledge of the local market.
At Puerto Vallarta Villas, we have an extensive portfolio of property and land for sale in and around the Puerto Vallarta area. Our real estate agents have built an enviable reputation for excellence and professionalism. If you are looking to purchase real estate in Puerto Vallarta, look no further and let us help you make your dreams come true.