Here’s an interesting story from the PV Mirror on what makes Mexico one of the best places to retire.
Fortunately, the part about most purchases being cash-only is no longer true. While it used to be that all property purchases were cash deals, the rapidly expanding mortgage market now offers numerous options to both foreign and Mexican national investors.
Says Terence Reilly from MEXLend, “While it’s true that in the past the majority of real estate transactions have been done in cash, now we are able to offer both peso and dollar mortgages to people wishing to invest in Mexico. The vetting process that the property must undergo to be deemed financeable by a lender, ensures the safety of the buyer´s investment. In other words, mortgaging a property makes it a more sound investment than a cash deal.”
