Playa Mujeres Resort Cancun Price From: $417,650 Region: Cancun • Marina Development • 2 Gregg Norman golf courses • Finance available

Mayakoba Playa del Carmen Price From: $1,200,000 Region: Cancun • Luxury Development • Superb Location • Greg Norman Golf Course

Mexico

About Property Mexico

Property Mexico - Ranking eighth in the UNWTO World Tourism Rankings with 21.4 million visitors each year, Mexico’s 32 states are completely diverse from deserts to mangroves and Mayan ruins to manicured fairways thus offering a tipple for all tastes.  Skirted by coral reefs, soaked by the sun and steeped in centuries-old history, if Mexico excels in one thing – it’s to exceed all expectations. Buying a property in Mexico will exceed all your expectations.

Many clichéd views of Mexico hold plenty of water.  Sombreros are donned, guitars are strummed, hammocks are strung out for lazy siestas and guacamole is consumed by the spoonful.  But there is a depth of culture, nature and history beneath which is hard to find on any other part of the globe.

Property Mexico - The geography

Acapulco spreads out its golden beaches and glitzy nightlife, Mexico City, the nerve centre, juxtaposes first against third worlds whilst Puerto Vallarta on the Pacific coastline offers whitewashed townscapes, a glitzy marina and dolphins playing in the clear waters.  However it has to be said that most of the attention is cast onto the eastern Yucatan Peninsula. 

Reaching out with the Gulf of Mexico to one side and the Caribbean Sea on the other, Yucatan is perhaps best known for lively Cancún which occupies a 7-shaped stretch of coastline and has grown from nothing to a 140 hotel holiday hotspot in just 30 years.  However, step outside of the American version of Mexico and you’ll find the mesmerizing Mayan sites of Uxmal, Tulum and Chichen Itza where sun-worshipping is taken to a whole new level with stepped pyramids performing natural light and shadow shows at equinox. 

Property Mexico - Yucatan

Yucatan is also home to the Riviera Maya, where luxurious resorts such as Playa del Carmen flank azure waters fringed with white sand.  Occupying the coastline south of Cancún down to Tulum, this is Mexico’s most coveted travel destination and the focus of many new residential projects.

Property Mexico - Climate ****

Considering the weather before buying property in Mexico? Due to its size, almost two million km², and the fact that is crossed by the Tropic of Cancer dividing temperate from tropical, it’s difficult to cast blanket judgement on Mexico’s climate.  Take Mexico City, at almost 2,300 metres above sea level the summers are pleasant but not hot, winters mild but with occasional frost and average rainfall high.  Move to the coastal lowlands and the Yucatan Peninsula and it’s a different story.  This area is consistently hot and, particularly in the Caribbean Sea, the waters are bath-tub warm.  Dry through October to May with the mercury nudging as high as the 90sºF there can however be rainfall, heavy at times, and tropical storms can be a problem August to October. The fantastic climate is just one good reason for considering purchasing property in Mexico. Four stars.

Property Mexico - Accessibility *****

Access to your property in Mexico is an important consideration. Although served by several hundred airports, Mexico’s main tourist honeypot, the Riviera Maya, is mainly accessed by the busy Cancun International Airport.  The fourth busiest airport in Latin America, the facility handled almost 12 million passengers in 2007 and has three terminals plus a second runway under construction.  First Choice, Monarch Airlines and Thomson Fly connect various UK airports to the city whilst the rest of Europe, North America and beyond also have their regular services.  The diving paradise of Cozumel, an island facing Cancun, also has an international airport with a good selection of flights.  Long haul for the UK so prices aren’t at no-frills levels. Nevertheless access really couldn't be better and is definitely a positive when considering purchasing a property in Mexico. Five stars.

Property Mexico - Economy *****

It is important to consider the economy of any country when purchasing property. When looking to purchase property in Mexico therefore, it is comforting to know that Mexico is classified by the World Bank as an upper-middle-income free-market economy. Mexico is also a major oil producer and exporter, the sixth largest in the world. Nearly one-third of government revenue comes from the industry with much of the crude bought by the US.  Almost a quarter of the population is employed in industry with the automotive sector particularly strong although services, and in particular tourism, is quickly making its mark and is currently the fourth largest source of foreign exchange for the country.  According to the IMF Mexican banks are profitable and well-capitalized and Goldman Sachs sees the country as being a global economic power by 2050 alongside China, Brazil, the US, India and Japan.  Even today Mexico boasts the highest income per capita in Latin America.  The growing economy is just one more good reason to consider purchasing a property in Mexico. Five stars.

Property Mexico - Tourism ****

Tourism is another important reason to consider a property in Mexico. Ranking eighth in the UNWTO World Tourism Rankings with 21.4 million visitors in 2007, Mexico is a very important global tourist destination.  The vast majority of arrivals are from the United States and Canada due to ease of access; however Europe and Asia also make their contributions.  A rising interest in all things ‘Latin’ from western Europeans from wine to music to dance is certainly having its impact on travel to this region.  Domestic tourism is undoubtedly on the increase as an affluent middle class emerges.  A budget of £3.5 million has recently been allocated to boost tourism infrastructure, 50% up on 2007 spending, and a further £2.5 million to raise the international profile of Mexico as a tourist destination. Tourism is on the rise and another excellent reason to consider purchasing a property in Mexico. Four stars.

Property Mexico - Property Market *****

So who is buying property in Mexico? Mexico has a property market which is gradually becoming more sophisticated and appealing to overseas investors, in particular Americans who are exercising caution when it comes to investing within the borders of the United States and are now considering a property in Mexico as an appealing alternative.  A safe and stable nation with a low cost of living and favourable climate, Mexico ticks many boxes and current entry level prices show fantastic scope for growth.  Mexico’s president, Calderon, has committed to expanding the mortgage market, taxes remain low and double digit capital appreciation looks to be on the cards for the foreseeable future. There has never been a better time to consider a property in Mexico. Five stars.

FOR FURTHER INFORMATION ON BUYING PROPERTY IN MEXICO, CONTACT US BY CALLING (UK) 0800 036 0068   (EIRE) 1800 211 462   (INTERNATIONAL) +34 952 799 286. OUR PROPERTY MEXICO TEAM ARE HERE TO HELP.