Reasons to buy real estate in Mexico
At this time many people are looking to invest their money in real estate, because in most cases it is a safe investment that many consider does not require “a lot of effort”. One of the main reasons for acquiring a property is to live and/or retire in paradise, rent it on platforms such as Airbnb, Vrbo or Wimdu, or wait for its value to increase and be able to sell it. Another great way to invest is by remodeling a property or building on a plot of land to sell or rent it.
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4 Reasons to invest in Mexican Real Estate
Successful retirement. At least in Mexico, the retirement offered by the government is not enough to cover all of one’s future needs. What is recommended and considered the best option, is to invest in a property to obtain additional income thanks to the value of the monthly rent.
Investing and not saving. To invest is to put your money to work. That is to say, if instead of saving your money, you invest it, your resources grow. This is because the interest rate in a savings account may not be high and is dependent on the economic situation of the country.
Less risky. Investing in a property is considered a better investment than investing in shares in the stock market. Unlike the value of shares, the value of a property does not change drastically and constantly.
You do not need to be a real estate expert. Whilst this is the case, it is advisable to go to a professional advisor such as Iniestra’s team of Real Estate experts. This way you can avoid problems due to not knowing certain legal and/or notarial matters. In addition, an advisor can help you and together you will be able to make the most of your new property.
It is very important for you to understand that your lawyer in your home country cannot represent you during a real estate transaction in Mexico and that only a Mexican lawyer can give you advice on this matter. We can confidently assure you that buying real estate in Mexico is safe as long as you hire a reliable, bilingual lawyer and make use of the proper legal channels.
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At Iniestra and Associates we have real estate lawyers who are experienced in the details of Mexican law and culture, whilst always maintaining high professional standards. If you need more information, please do not hesitate to contact us directly at the following number (+52) 998 242 8832.
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