Property values in Mexico tend to increase over the long term, as they do in most places, but in many places (with notable exceptions in popular cities and coastal areas) not as significantly as prices have risen in the US and Europe in the last few years. The relative value and appeal of land and property in Mexico comes down to the three key factors: location, local infrastructure (roads, airports, services) and local amenities.
Not all areas are well developed, and property prices will be cheaper in those that are not. Mexico is a vast country —at nearly 2 million square kilometers—and not all of it is easily accessible. Road infrastructure is improving every year, with most major places now adequately connected, and work continues to connect the more remote areas, but this will take time. If you’re considering the purchase of property in Mexico, you will need to undertake extensive research, choose your location and property with care, ensure that you hire the right professionals, and that the letter of the law is followed in relation the legal transfer of ownership.
If you are a US citizen then buying and selling properties in Mexico will incure a cost of paying taxes in both countries. We do have local partners in Mexico who can guide us with their expertise and assist in ensuring a safe and sound real-estate investment opportunity. Please contact us to find out about these key opportunities.