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Mexico Real Estate Investment; Diversity For Canadian Home Owners

Owning a piece of Mexico Real Estate is continually becoming a more appealing factor for Canadians interested in investing in a second property. Here is one big reason why. An article on a Canadian website stated that buying a home was not a very good investment. The main error that the writer points out is that this kind of investment includes no diversity. It's like putting all you money into one stock. If something goes wrong with that one single investment, it may become hard to recover what you lost.
So, how can we fix this problem? Easy. diversify.
Mexico Real Estate, in fact, provides a perfect avenue for Canadians looking for to make a solid investment in real estate to "diversify their portfolio." When diversifying investments, the point is to make investments with good potential for increase in a variety of markets in order to avoid "putting all your eggs in one basket." Markets such as the the more established Playa del Carmen Beachfront Condo ...
... rental market or the up-and-coming Campeche Real Estate area offer you excellent options for diversifying.
Consider this; just like many other Canadians, you have probably already owned your home for quite some time, and the mortgage is already paid, or almost there. Prices on currently on an upswing, but these prices are susceptible to many variables - some economists are already doubting the sustainability of the current price inflation in Canada.
Now, consider the idea of diversity. Your home in Canada is the place where you live, and it does not generate income. For generating income, you could consider a condo on the beachfront in Playa del Carmen. This thriving tourist town is already a favorite for many foreigners looking for the world's most beautiful beaches - similar to Cancun, but with a "European feel." (Condos in Cancun, in fact, provide another possibility.) If the correct property is found, renting to vacationers in Playa del Carmen can be a constant, reliable form of income; what's more, this income property could double as your own vacation condo at low times. Other possibilities exist in Tulum or Progreso (near Merida) also on the Yucatan Peninsula, or in Puerto Vallarta, Mazatlan, Ixtapa or Puerto Escondido on Mexico's Pacific Coast.
Another type of investment (to further explore diversity) is a property which you improve, in a area where market conditions and the value of the improvement have a good probability of surpassing the cost of the improvement by a considerable margin. One such example can be found in the state of Campeche, which is "across" the Yucatan Peninsula from Playa del Carmen. There is a specific development in this state, where lots with 20 meters of beachfront and a depth of 400 meters are available starting at $55,000 US. The area shows a great deal of promise; with beautiful colonial cities and towns, wide beaches in virtually untouched areas and a new multimillion dollar marina-golf development, a home built on one of these lots shows promise of being worth much more a few years down the road. This is only one example of this type of investment, and other solid possibilities exist both in Campeche, and in Mexico as a whole.
A final point is the current strength of the Canadian dollar. With near parity with the US dollar, this means that funds will go much further in making investing in Mexico diverse real estate market, opening a excellent variety of investment possibilities. For details about investing safely, in the way most suitable for your situation, contact a reliable, experienced real estate agent who knows Mexico's market well.
TOPMexicoRealEstate NETWORK; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely
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