Mexico has become one of the top destinations in the world, not only for travelers, but also for those looking to own or even rent property.
In fact, over the last decade, property prices have steadily risen thanks to an influx of foreigners, and those buying property for retirement, or for investment purposes. For example, according to Mexperience, “Popular places like southern Baja California, Puerto Vallarta, and the Riviera Maya are continuing to experience high demand as Americans look south for beachfront property of the type that has become unaffordable in the US to all except the ultra-wealthy.”
In addition, investors and retirees are attracted to Mexico because the cost of ownership is far lower than it is in the U.S., in Europe, and in Canada. No wonder top international land investment and development firms are seeing considerable interest in properties in Mexico. Some of the top companies thriving on that demand are International Land Alliance, Inc. (OTCQB: ILAL), Howard Hughes Corp. (NYSE:HHC), Brookfield Property REIT (NASDAQ:BPYU), Zillow Group Inc. (NASDAQ:Z), Realogy Holdings Corp. (NASDAQ:RLGY).
Source: StockHouse.com