| Recent global real estate trends have | | | | prices increase investors and foreigners |
| shown an increase in migration to | | | | are still purchasing the property |
| Mexico. Investors and foreigners are | | | | because Mexico's prices are still below |
| flocking to Mexico looking for the | | | | their native real estate prices. To |
| perfect opportunity to purchase real | | | | accommodate the demands of foreign |
| estate. In the last five years real | | | | investors Mexico has started hiring |
| estate prices have began to rise all | | | | developers from Canada, the United |
| over the country, mostly due to the | | | | States, and Europe. The low cost of land |
| demand for prime Mexican real estate, | | | | and construction along with the high |
| but also because the buyers are | | | | demand allows these developers to turn |
| purchasing property in non native | | | | large profits. Mexicans are embracing |
| currencies. Tourist locations have | | | | the influence of foreign goods and |
| began to accommodate foreigners, and now | | | | lifestyles. This allows them to meet |
| when you visit areas like Cancun you can | | | | the needs of a variety of visitors. |
| see the international influence that | | | | The latest buying trends have been in |
| tourism brings to an area. Around 2003 | | | | small fishing communities. At one time |
| a shift towards high rise resorts and | | | | Cabo San Lucus was a small fishing town, |
| condominiums took place in Mexico. Many | | | | but as people began to find out about |
| foreigners started expecting first class | | | | the atmosphere and the legendary fishing |
| resorts when they traveled to Mexico. | | | | people began to flock to the area and |
| Mexico started accommodating the needs | | | | now Cabo San Lucus is one of the most |
| of foreigners and now you can find | | | | famous tourist cities in Mexico. These |
| Wal-Marts and McDonalds in many big | | | | small fishing towns allow visitors and |
| cities within the country. American | | | | residents to enjoy world class fishing |
| investors have made suburban living | | | | without the hassle of large crowds. |
| popular in Mexico. Bare areas around | | | | Purchasing home sites while these towns |
| major cities have been purchased by | | | | are still small allows buyer to have |
| investors, and suburban neighborhoods | | | | huge returns when developers come into |
| are being built. This has resulted in a | | | | the area. |
| price increase of land in Mexico. | | | | The western side of Mexico is largely |
| Oceanfront properties of all sizes are | | | | uninfluenced by foreign investors. With |
| being bought by foreigners and investors | | | | a few exceptions, Aculpoco, Puerto |
| that are looking to buy low and sell | | | | Vallarta, and Cabo San Lucus, towns on |
| high. This trend has also influenced | | | | the western side of Mexico have kept |
| the increase in real estate costs in | | | | their small town atmosphere even though |
| Mexico. | | | | they are able to accommodate foreign |
| Although Mexico has seen its property | | | | visitors. |