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