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Main Reasons Why An Investor Should Consider Mexican Real Estate

Posted by admin | Mexico | Wednesday 14 October 2009 1:47 am

Real estate prices in the most popular parts of Mexico have been on the increase of late, and the demand for property to retire, holiday and invest in has also been on the up-this has created something of a real estate boom in Mexico but for those still wondering what the fuss is all about here are the main reasons why an investor should consider Mexican real estate.

The government of Mexico has relaxed the rules that once prevented foreign buyers from purchasing on or close to the coast, and nowadays with the simple use of a bank trust structure investors can purchase some of the most beautiful prime beachfront land in Mexico. This land is ripe for residential and tourism development and because the demand for hotels and luxury beach front property is at its most intense in Mexico right now, this means that an investor who buys beach front real estate in Mexico is probably buying themselves one of the most promising investments possible.

The Mexican government is committed to the economic improvement of their country and to this end they are doing everything in their power to attract foreign direct investment particularly into the tourism and real estate sectors. This means that not only is investment welcome but there are certain incentives now in place that make investing in Mexican real estate even more attractive.

Mexican real estate is incredibly popular with Northern Americans because it is affordable and easily accessible and also because Mexico itself is a low cost country in which to live. The large American baby boomer generation is nearing retirement and as they do so a surge of interest from this generation into the property market in Mexico is expected. This means that an investor who buys into Mexico now and targets this particular group of people could profit substantially-especially if they consider buying into or developing retirement, gated or exclusive communities.

The tourism market in Mexico is responsible for generating over 8% of the country’s GDP and supplying over 9% of the country’s jobs already, and sustained focus by the government of Mexico on further developing and promoting tourism in Mexico means that the country is growing in popularity annually. The rise in the numbers of visitors to Mexico means that there is increased demand for quality villa and apartment accommodation to let out and a growing number of overseas investors are now buying up single units, buying into entire developments and even purchasing land for the development of properties to meet this rise in demand.

Why Buy Real Estate In Panama

Posted by admin | Panama | Wednesday 14 October 2009 1:37 am

Panama is an emerging market for international real estate investors and has much to offer, including a tropical climate and low prices. Foreigners may buy and sell land in Panama freely and there are no restrictions. There are a few things that should be understood about the purchase process in Panama, though, before jumping in.

Panama has the highest per-capita income, the largest foreign investment and the most highly developed economic infrastructure in Central America. Panama has for some time now been in a privileged position, not just in Central America, but in the western hemisphere. The Panama Canal, built at the start of the 20th century, turned this tiny tropical haven into a major shipping hub for the world’s ocean trade. With the Canal came foreign business and residents, infusing the sleepy paradise with a new energy and bringing the momentum of modernization to Latin America.

There are two types of property that investors will usually look at in Panama, freehold and right of possession, or ROP. Most of the properties for sale are freehold and you should not have any problems as long as the proper due diligence is done. Right of possession land or property is much like squatter’s rights though. There is no official title to the property and it can not be used as collateral for a mortgage. It is perfectly legitimate to buy and sell this property as long as the legal claims are clear, but be aware of it before doing so.

Once the Promise to buy has been signed, the investor’s lawyer will carry out due diligence and title searches. Panama has a Public Registry for titles and is pretty reliable, but a good lawyer will look further than that to make sure everything is okay. If the title search is okay and all conditions have been met, then the final contract is drawn up and closing takes place.

Consider Title insurance a protection against loss arising from problems connected to the title to your property. Properties typically go through several ownership changes, and the land on which it stands went through many more. There may be a weak link at any point in that chain that could emerge to cause trouble.There may be unpaid real estate taxes or someone that feels that has a right to the land. Title insurance covers the insured party for any claims and legal fees that arise out of such problems.