1 April 2008 119 views No Comment

Cancun Real Estate is hot, and not just because of the climate. Here are the top reasons Cancun is a strong investment option.

3 Million Tourists per Year

Cancun is the number one travel destination in Mexico. (1) Its spectacular tropical weather and proximity to Florida, make it a strong draw.

Aging US Population

With the growing population of older Americans, the vacation and retirement market will continue to grow, placing more demand on developed vacation spots.

Low Barriers to Entry

The Mexican Constitution allows any foreigner to own land at any location as long as it is 50 kilometers away from any Mexican border or 50 kilometers from the coast. However, the loop hole is that you can own any Mexican property so long as it is through a bank trust called a fideicomiso. Under this arrangement you have the right to improve, lease, or sell while the title is under the bank’s name.

Strong Infrastructure

Cancun has an established infrastructure which would appeal to people who like running water and electricity. The surrounding area will continue to improve and open up more opportunities.

Cancun real estate is an ideal international investment for someone who is risk adverse. It is a well established area with proven demand. Cancun is likely to provide a stable investment opportunity compared to other real estate investment options in Mexico.

Sources:

http://www.pe.com/lifestyles/stories/PE_Fea_Daily_D_cancun18.201a235.html

Eye on Worldwide, NuWire

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