Every thing About Mexico

It’s no secret that the world’s economy has been less than stellar in recent years and months. It’s also obvious that certain countries are recovering more quickly than others. While the United States is continuing to experience trying fiscal times, particularly in relation to real estate, Canada’s economy is growing stronger and showing many heartening signs of recovery. And those positive indicators have not gone unobserved by property developers in Mexico, who are now stepping up their marketing campaigns in Canadian cities.

Although exact numbers are difficult to calculate, real estate developers in many popular regions of Mexico have noticed that Canadian second homebuyers are returning to the Mexico market quicker than Americans and are also presently more likely to take the steps to close a real estate transaction. Most likely this can be attributed to the fact that Canada’s economy has not suffered the recession as much as the America’s economy, providing Canadian second homebuyers with greater confidence in addition to greater available resources.

The current trend of increasing interest among Canadians in purchasing investment and vacation real estate in Mexico can be observed in several resort regions in the country. For example, 25% of the homes located at Baja California’s Puerto Los Cabos resort project have been purchased by Canadian homebuyers. In the Grand Coral Riviera Maya golf community of Playa del Carmen, 50% of developer Grupo Grand Coral’s Nick Price Residences are Canadian owned. In the luxury developments of Paseo del Sol and El Faro located on the beach in the heart of Playa del Carmen Canadian homebuyers have purchased a large majority of the units.

As a result of this increasing tendency among Canadian second homebuyers, Mexico real estate developers are escalating their Canadian marketing budgets and focusing more attention on certain cities such as Vancouver and Calgary. They are also adapting their marketing approaches, meeting with potential purchasers in their own communities by making contact with local brokers and holding events such as real estate expos.

While some Canadians simply show mild interest in Mexico real estate at such events, many exhibit a serious interest in purchasing investment or vacation property in Mexico. Particularly when it comes to Mexican properties in the range of $300,000 to $500,000, Canada is proving to be a very important market for Mexico real estate developers who will likely continue to encourage Canadian interest in their properties, further strengthening the market and increasing Mexico’s appeal as a resort destination for Canadian vacationers, retirees and investors.

Tags: Mexico, mexico real estate

This entry was posted on Monday, April 26th, 2010 at 1:41 am and is filed under Mexico. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.