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 3.4K 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. [email protected] previous post Our Move to Mexico – 6 Years Later next post Mexican Authorities Approve New US Flights You may also like Beating the Exchange Rate: Why Now Is the... February 13, 2025 Puerto Escondido Real Estate Market Trends in 2025 January 30, 2025 Why Huatulco is a Top Real Estate Investment... January 23, 2025 Spice Up Your Holidays with Authentic Mexican Christmas... December 20, 2024 Coastal Living in the Yucatan: A Hidden Gem... December 19, 2024 Top Family-Friendly Destinations in Mexico with Great Schools... December 19, 2024 Las Posadas: Mexico’s Christmas Tradition December 16, 2024 Understanding the Safety of Living in Huatulco: What... December 12, 2024 What You Need to Know About Mexico’s Villa... December 9, 2024 Puerto Escondido Property Market Insights: Is Now the... December 6, 2024 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment.