Tuesday, March 20, 2007

Financing Property In Mexico


Buying property in Mexico, whether its land, an Condo or a Villa, can offer great value for money in comparison to prices in the USA and Europe, although prices in some areas have appreciated dramatically in recent years and care should be taken in assessing a property's true value. Mexico's land costs can be lower, building and maintenance is cheaper, cost of ownership (taxes, utilities) is very low and the overwhelming majority of all real estate deals go through legally and smoothly.

Investment in many cases today, most property/real-estate deals in Mexico are cash only. Mexican Banks are now beginning to offer mortgage products for the purchase of real-estate in Mexico. There are excellent properties located in Playa del Carmen, Cancun, Puerto Vallarta for outright buying or timesharing.

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