Forbes Says Now’s the Time to Invest in Mexico Real Estate
As one of the world’s best places to retire abroad, Mexico has been popular amonginternational investors for decades, and now Forbes has advised readers that this isan ideal time to invest in Mexico real estate, stating that Latin America’ssecond-largest economy is also one of the world’s top four places to buy a secondhome and/or vacation home overseas!
“Mexico offers two long coasts, mountain towns and colonial cities, plus Mayan ruins, jungle rain forest, rivers and lakes”, wrote Forbes. “It’s also the most accessible‘overseas’ haven from the United States, since you could drive back and forth if youwanted”.
Why You Should Invest in Mexico Real Estate Right Now
Heading into 2019, the dollar’s current strength has created exceptional value in some of the world’s hottest investment property markets, including Mexico. This means right now is a fantastic time to invest in a rental property or second / full-time residence, whether you want to collect ongoing rental income orplan to live in Mexico either full or part time.
“Mexico is home to the biggest established populations of American expats in the world”, wrote Forbes. “More than 1 million Americans live in Mexico, and more than 500,000 own homes here”.
Can I own Property in Mexico as a Foreigner?
First and foremost, it’s important to establish once and for all that YES, foreignerscan legally own and buy property in Mexico, (see our buyers guide). In fact, changes in the constitution over the years have made it easier than ever forforeigners to buy real estate in Mexico and right now is a great time to buy! “Expats [in Mexico] are enjoying a low cost of living at today’s exchange rates”, wrote Forbes. “While new arrivals are getting great property bargains”.
Coastal property in Mexico still tradesfor less than coastal property in theUnited States. Property in Mexico canalso surrender an annual rental income,depending on where the property issituated. The cost of ongoing ownership(especially maintenance and taxes) is also relatively low in Mexico. Today, Mexico offers investors a wide choice of property options.
Why San Pancho, Nayarit?
Book-ended between two huge luxury markets on the Riviera Nayarit, San Panchois an unexposed treasure. The town is petite, but home to several chic restaurants, eclectic shops and an uncrowded beach where you can still sip margaritas withyour feet in the sand. On any given happy hour, you can watch the sun dip into theocean, regardless of the season. Ten minutes from Sayulita’s vibrant nightlife and45 minutes from the Puerto Vallarta International airport, San Pancho has everythingvisitors need.
The tranquil surroundings are perfect for a breezy hammock nap or a lazy walk on the white sand beach. If folks are activity inclined, the town is home to some of the best outdoor adventures in Mexico including surfing, mountain bikingfour-wheeling, equestrian activities, diving, fishing, and more. Humanitarianismruns deep here too. If visitors are looking for a way to get involved in thecommunity, they can volunteer with the turtle rescue project, spend time at the jaguar preservation center or spread joy at the world-renowned Entre Amigos, an education-based non-profit community center.
Another major player in keeping the culture of our little town as diverse as it is, isTerra Tropical and the La Patrona Polo fields. These influential residents of our pueblo are inclusive and charitable. They also contribute heavily to the infrastructure of the town and are invested in keeping this little piece of paradiseas safe and quaint as it can be.
Along with the above-mentioned dynamics, the topography of the town helpsprevent the expansion and massive development that a lot of the region isexperiencing, keeping it the perfect mix of locally-owned shops, hotels, andrestaurants.
On the real estate end, the rateof sales has gone up drasticallyin the last three years. Two years ago, a home in Bahiade Banderas would be on themarket for an average of oneyear (366 days and listed withAMPI Flex Multiple Listing Service).Today we are seeing the sales timeline cut down to 200-day range.
Average sales prices for the area have jumped 65% in the last few years AND, inSan Pancho alone, we saw a 400% increase in sales between 2016-2018. hese statistics represent a broad market and include everything from luxury beachhomes to downtown commercial lots. The rental market is also where a significant boom is happening. Like manytropical destinations around the globe, the short-term rental boom is in full bloomwith few long-term options. This can be very profitable for the homeowners inthese communities.
Speaking from personal experience, we rented our near-the-beach, three-bedroom home for almost 200 nights a year for between $250-350 pernight. The neighboring house (4 bedrooms with a small pool, same area), currentlyrents for $350 per night and they are almost full all season as well as profiting inthe offseason.
The “slow season” in this area is getting shorter and shorter due to a larger contingency of local Mexican nationals visiting during the summer months andthat is only going to improve with the advent of the new highway direct from Guadalajara cutting the time here, from four hours to a quick two-hour drive. Also, with our surfing swell season being in the summer and San Pancho now being on the surfer’s map, there is a large influx of surfing families from Canada and the U.S. coming down on vacation while the kids are out of school for the summer. With overflow from Sayulita and our family friendly dynamic here in San Pancho, we are becoming more popular for off-season rentals.
The Puerto Vallarta airport is easily accessible from most international airports and some smaller as well. This graph illustrates the hours on the flight respective to location withinin the United states and Canada with a maximum of a six-hour flightfrom upper Canada, and a minimumof two hours from Southern California.
For any more questions on investing in Mexico or San Pancho, Nayarit, Mexico, feel free to reach out and ask! Click here to CONTACT US
A delightful coastal community, a short drive from the sky-scraping, timeshare hotels that line the Puerto Vallarta coastline, lies San Francisco (known locally as San Pancho) in the Riviera Nayarit, Mexico. A short ten-minute drive from lively Sayulita and a 45-minute drive from the Puerto Vallarta airport, san Pancho is the tranquil escape that we’ve all been looking for.
When you 
San Pancho has an old world charm and a community of artists, musicians, entrepreneurs and those who have chose to spend their winters here, soaking up the sun and the culture who make up this special place. They ride their bikes or walk everywhere they go. They stroll the beach at sunrise and watch baby turtles protected by the local turtle sanctuary make their way to their native ocean. They chat with friends at the local coffee shops over local coffee farmer’s lattes, homemade banana bread and savory empanadas.
On any given night, you can expect to hear live music coming from travelers from Argentina, Mexico city or Guadalajara softly strumming guitars and ringing acoustic to the enchanted visitors dining al fresco. The town hums with artists young and old, children running freely, young surfers running barefoot to catch the end of the day, and those with wanderlust strolling the promedade. One can hear multiple languages being spoken on the streets and the businesses are run by people from all over the world. This is not just your average Mexican village, this is melting pot of cultures who all seem to have one thing in common… a desire to savor life and to slow it down a bit.
Before the arrival of the Spanish, and still somewhat today, the coast of San Pancho and Sayulita and nearby mountainous region known as the 
Entreamigos offers more than 600 classes and workshops in the facility, most of them free of charge. The non-profit organization has a variety of programs that are intended to bridge cultural and economic differences with the intention of increasing educational opportunities, environmental stewardship and collective community responsibility. They offer scholarships to the local kids and some of the successful entrepreneurs in San Pancho are results of that very scholarship program.
Another spectacular feature in San Pancho is the formation of Circo de Niños (Kid’s circus) which was founded in 2011 by Cirque de Soleil’s founding directors, Gilles Ste. Croix and Monique Voyer. Initially conceived as a fundraising idea for Entreamigos, Gilles Ste. Croix offered to oversee a presentation involving about 40 children incorporating elements of his famous Montreal troupe. By autumn 2014, Cirque de Soleil had donated equipment and the Circo de los Niños began rehearsing in the Entreamigos space. An outdoor performance of ¡Órale! was given at the Plaza de San Francisco and the Mayan Palace in the Punta de Mita resort. In March 2015, Circo de los Niños was granted the use of one of the government warehouses on the same property as Entreamigos and performed a four night run of their first Cirque du Soleil like performance before audiences of about 250. The circus performance continues today with tickets selling out immediately and is an absolute marvel to witness. If one has ever seen a Cirque du Soleil show, this children’s circus has the music, the lights, the story, the acrobatics, and the magic of a typical show in Vegas, but with children of the San Pancho community who train all year to perform for their families and tourists alike.
The entire state of Nayarit is located south of the 
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