Oceanfront property in Mexico, you hear about it more and more.
But why are people buying oceanfront property in Mexico? Mainly for two reasons.
- Retirement living.
- Investment return.
But, can foreigners buy property in Mexico? Yes, foreigners can buy property as long as it is private property. Even if the property is located in the restricted zones. Borders, beaches and rivers are federal property (Restricted zones).
Farmland (ejido)
This is the property that foreigners cannot buy or own in Mexico. Farmland is communal property and to be a part of the community you have to be a natural born citizen. Some people risk buying farmland, trying to make it into private property. It is possible but it is a lengthy and expensive process.
To know more about the limitations or restricted zones (beachfront) click here.
Oceanfront property in Mexico offers the following.
- High appreciation rates.
- Vacation rentals, the property can pay for itself in less than ten years.
- Some are building properties to sell.
- Some are moving full time.
- While some use their property for vacation time only.
So, what are some of the benefits of moving to Mexico?
- Fresh fish and local produce markets for healthy eating.
- Great year round weather.
- Many things to do keep you active year round.
- There are many communities of retires or ex-pats living here year round, you might have a more active social life in Puerto Vallarta than home.
- Medical services available at affordable rates.
Is retiring in Mexico a good idea?
Yes, life is good. Enjoy a nice margarita by the pool on a lounge chair, during January. Warm beach waters year round, awesome for surfers and beach sports lovers. The benefits are overwhelming.
In 2020 an estimated 1.2 million foreigners were living in Mexico. The numbers are going up every year at a rapid pace. Not to mention all the snowbirds, that stay less than six months.
Beachfront villas and condos are a great option, here’s why?
- 24 hr security.
- On site administration.
- Vacation rentals.
- Amenities like common swimming pools, Jacuzzi, gym, tennis courts and more.
It will be our pleasure to assist you with real estate services. Contact us for more information.