Mexico has a lot to offer in terms of great weather, beautiful scenery, and authentic Latin American culture; plus, you will find lots of affordable real estate. It is perfectly legal for foreigners to own Mexican real estate, including land and properties located in the restricted zones. Within 50 kilometers of the coast, and within 100 kilometers of international borders.
It’s time to put an end to the most enduring myths about buying property in Mexico. Whether you’re in the market for a home you can move into full-time…a vacation retreat you can visit a few weeks a year…a beachfront lot you hope to resell at a profit…or your own slice of sand to build your dream home on…you can find it in Mexico. And, despite what you may hear, it’s perfectly legal to buy.
You can own property in Mexico in three ways. The kind of structure you use will depend on various factors, not least of which are the location and size of the property and how you plan to use it.
The purchase process for foreigners looking to buy real estate in Mexico is simple and straightforward. If you’ve done your due diligence, and you are represented by an experienced real estate professional, you’ll have no problems.
But you do need to have an idea about your property objectives before you dive in. Are you looking for property to live in… or are you looking purely for investment? The end use for your property may dictate how you go about purchasing it.
The area around Lake Chapala, in central Mexico, is home to the largest North American expat community in the world. Obviously, it’s doing something right.
The lake itself, the largest in Mexico, makes a scenic backdrop to the villages along the shore. Lakeside, as this area is called, usually refers to the villages along Lake Chapala’s north shore: Ajijic, Chapala, Jocotepec, San Juan Cosala, and San Antonio. As many as 15,000 expats live full or part-time on the lake’s north shore; up to 40,000 live in the state of Jalisco.
With so many expats in the area, you’ll find plenty of English speakers (as well as several local English-language newspapers and magazines). You’ll also find plenty of U.S. and Canadian-style amenities. There’s no shortage of activities. Over 80 special groups are active in the Lakeside area that you can get involved with. These include everything from orchid growing to Scrabble…from writers’ groups to Francophiles…and from non-profit organizations to line dancing and yoga.
Property samples in Lake Chapala:
Typical of low real estate prices is a 2,475-square-foot house recently for sale in Lakeside. Furnished, it has two bedrooms, 2.5 bathrooms, gated parking, and a large terrace for entertaining. Price: $109,000.
A three-bedroom, 2.5-bathroom house in a gated community in Jocotepec, at the western end of Lake Chapala. Completely furnished, and renovated in 2005, it has two master bedroom suites, slanted boveda ceilings and a sun room. Price: $159,000.
Everyone seems to agree: the quality of your life improves when you live in Mexico. Things take longer…so you’ll need to learn to slow down. Goods and services cost less…so you can afford the kinds of luxuries only the very wealthy enjoy up north. When you can afford to hire help, all of a sudden you have time to read…time to volunteer at the local school…time to golf…time to relax on the beach…time to savor life.
A house is not a dream house because of its size or color. It's about how you feel when you walk through the front door - the way you can instantly see your life unfolding there. This is about more than real estate. It's about your life and your dreams, if you are ready to improve the quality of your life and have the experience of a lifetime give us a call and we'll help you find your dream home in Mexico.