Home Huatulco real estate US Buyers Show Increased Interest in Mexico US Buyers Show Increased Interest in Mexico by Erin May January 12, 2017 by Erin May 2.8K Interest in Mexican properties among Americans looking for real estate abroad was three times greater last year than in 2015. Data released by the National Association of Realtors (NAR) shows that 13% of prospective buyers of properties outside the United States wanted to buy in Mexico, the newspaper El Financiero reported yesterday. In 2015 that figure was just 4%. Florida realtor Margarita Sanclemente said buyers want to spend their winters in locations with a better climate, such as the Riviera Maya. Buying a beach house in Florida is much more costly, particularly in terms of taxes and maintenance, than it is in Mexico, said the CEO of Sanclemente Group. The NAR data showed that 87% of U.S. citizens look for property abroad for use as a vacation home and as a rental. Sanclemente said the annual cost of maintaining a property in the U.S. is 1.8% of the property’s value. In Mexico the figure is just 0.2%, she said. The areas in which Americans are most interested, such as the Riviera Maya and San Miguel de Allende, the realtor said, are beginning to price properties in American dollars, meaning greater profits for developers and realtors in light of the peso’s decline in value. Source: Mexico News Daily mexico real estateUS and MexicoUS increase interest in buying real estate in Mexico 0 FacebookTwitterPinterestEmail Erin May Erin May is the owner/operator of Bayside Vacations Huatulco. She has a passion for travel, the outdoors and all things Mexico. She spends her time traveling, living and working in Huatulco Mexico. erin@baysidehuatulco.com previous post Our Move to Mexico – 6 Years Later next post Mexican Authorities Approve New US Flights You may also like What Sets Puerto Escondido Apart from Other Markets March 15, 2024 Investing in Real Estate in Huatulco: Short &... March 1, 2024 How to Secure Your Piece of Mexico’s Economic... February 21, 2024 Huatulco and the Oaxaca Coast: A Top Emerging... February 1, 2024 Holiday & Festival Dates in Oaxaca Throughout the... January 6, 2024 December’s posadas mix dancing, fireworks, drink and devotion December 16, 2023 How To Celebrate the Holiday Season in Mexico December 15, 2023 Oaxaca’s Zapotec Heritage: A Modern Ceremony at Villas... December 11, 2023 Get to Know 5 Exceptional Oaxacan Artists on... December 1, 2023 How to Experience Day of the Dead in... October 25, 2023 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ