Mexico Still Top Choice for U.S. Second Home Owners
Posted in Real Estate on August 13, 2010 by Kevin Brass
Despite the constant headlines about drug-related violence, Mexico remains the preferred destination for U.S. second home buyers, according to a new study.
Mexico was twice as popular as Central and South America, according to the 2010 Second Home Trend Report issued by North Carolina-based research firm E360, which surveyed existing second home owners.
“It’s shocking to me that Mexico still came in number one, even with the negative press,” said Chad Martin, global research analyst for E360.
Forty-five percent of the 612 respondents said they believe now is a good time to buy. Of those that were still wary, 79 percent indicated they would be “likely or very likely to purchase in the next two years.”
“That’s extremely significant,” Martin said. “There are a lot of existing second home owners on the sidelines.”
Existing second home owners offer a different perspective on the market than typical high net worth consumers, Martin says.
“If they already have a second home, they already have learning under their belts,” Martin said. “I feel like we’re surveying a more savvy second home market.”
The survey found that 46 percent of the respondents were motivated by “lifestyle and vacation attributes” to buy second homes, while 41 percent pointed to purchases as an investment. Only 11 percent said they were looking to buy for retirement purposes.
A home with a water view remains the biggest clincher for closing a sale, the survey found. Elements like spas and medical facilities, although increasingly popular, were less likely to close a deal. And while the market may be more eco-conscious, “green-based second homes did not show the high appeal translating into a purchase motivation,” Martin said.
In a similar fashion, golf is still popular, but the sport “has not clearly shown itself as primary appealing attribute as it translates to real estate buyers when compared to other second home attributes,” Martin said.
miércoles, 13 de octubre de 2010
What is the True About Mexican Economy and Violence
What is the true about Mexican Economy and Violence?Posted by MRE Administrator on October 4, 2010 at 5:00pm
View MRE Administrator's blog
.Today Bloomberg published a very interesting article about Mexican Economy Boom despite the violence, showing how strong Economy is, and its impressive growth in a world context. Violence content of the article as usual is magnified, making the Mexico look like in war, what is not, Mexico is arresting criminals, enforcing the law, that is part of why those economic results are evident today.
Read Bloomberg Article Clicking Here
Few weeks ago, LA Times published another very informative and realistic article about violence in Mexico, article's name is "In Mexico where the trouble, isn't" proving us real statistics, comparing the results with world's context, confirming the fact that casualties showed as a war casualties by the media, are nothing more than law enforcement casualties like happens in any other civilized country.
Read LA Times article clicking here
Reading both articles, you can have a realistic opinion about the "situation" of Mexico, balancing your sources of information.
As a Professional Real Estate Network, MRE is committed to provide our members important real information.
International media is not being fair communicating the reality of this Country. Mexico is not in war, is not in a civil war, it is a country which was not hit that bad for the global financial crisis thanks to it policies, and now keeps growing positioning it self as one of the most attractive investment destination, why media is attacking it?, make your own conclusion.
Social Media is the way to spread the true about what is really happening here. Even Anderson Cooper (CNN) uses social media to get real information when an important event needs coverage, we encourage our members to balance media news about Mexico with trustful and reliable information spreading real news using social media.
View MRE Administrator's blog
.Today Bloomberg published a very interesting article about Mexican Economy Boom despite the violence, showing how strong Economy is, and its impressive growth in a world context. Violence content of the article as usual is magnified, making the Mexico look like in war, what is not, Mexico is arresting criminals, enforcing the law, that is part of why those economic results are evident today.
Read Bloomberg Article Clicking Here
Few weeks ago, LA Times published another very informative and realistic article about violence in Mexico, article's name is "In Mexico where the trouble, isn't" proving us real statistics, comparing the results with world's context, confirming the fact that casualties showed as a war casualties by the media, are nothing more than law enforcement casualties like happens in any other civilized country.
Read LA Times article clicking here
Reading both articles, you can have a realistic opinion about the "situation" of Mexico, balancing your sources of information.
As a Professional Real Estate Network, MRE is committed to provide our members important real information.
International media is not being fair communicating the reality of this Country. Mexico is not in war, is not in a civil war, it is a country which was not hit that bad for the global financial crisis thanks to it policies, and now keeps growing positioning it self as one of the most attractive investment destination, why media is attacking it?, make your own conclusion.
Social Media is the way to spread the true about what is really happening here. Even Anderson Cooper (CNN) uses social media to get real information when an important event needs coverage, we encourage our members to balance media news about Mexico with trustful and reliable information spreading real news using social media.
Mexico Are Safety Concerns Fact or Fiction?
Mexico Real Estate: Are Safety Concerns Fact or Fiction?
Published on: Wednesday, December 02, 2009 Written by: Glynna Prentice
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Mexico's real estate market and tourism industry have been hard hit by the global recession, concerns of drug violence and the swine flu. Are the safety concerns legitimate, or a myth reinforced by the media? Glynna Prentice from International Living seeks to debunk some of the misconceptions on safety in Mexico.
Mazatlan, MexicoPart of my daily routine here in Campeche, where I live in the Yucatán Peninsula, is to stroll to the historic center and chat with friends who own shops on the main street. I usually go in the late afternoon when the air is cooler and long shadows stretch across the cobbled streets and colonial buildings. It’s a nice walk, and very peaceful.
I used to pass lots of tourists along the way, but I don’t anymore. These days my friends mostly talk about how tourism is down, and with it their sales.
Tourism all over Mexico has slowed to a trickle this year. Part of this is due to the global recession, which has left people with less money to spend on travel. But mostly it’s due to bad press, to fears of swine flu and of drug violence. And it’s a shame, because it’s both inaccurate and undeserved.
It’s doubly a shame because those fears are making folks miss out on some exceptional bargains. Right now, you can get big savings on Mexico travel deals—discounts on hotel stays, air fares, restaurants and the like—to entice tourists back. The tourists who come all have a great time.
They find Mexico as beautiful and exciting as ever, and they marvel at the huge gap between what the media has told them and the reality they find.
So, for all of you who haven’t been lucky enough to see the truth first-hand, I’d like to do a little myth-busting.
Myth #1: You’ll Catch the Swine Flu in Mexico
Actually, you can catch the swine flu anyplace, because it’s spread all over the world. In June, the World Health Organization declared the swine flu—virus H1N1—a pandemic. In other words, it’s pretty much everyplace. In fact, these days you probably have a better chance of catching it in the U.S. than in Mexico, because there have been more confirmed cases in the U.S.
H1N1 may not even have begun in Mexico. But Mexican health officials first identified it. And Mexico, being a good global citizen, blew the whistle. Sadly, that decision has cost Mexico billions in tourist dollars.
Here’s the situation now: As noted, the WHO declared H1N1 a pandemic in June. Note that this doesn’t mean the disease has gotten more dangerous. The term pandemic just refers to how widely it’s spread.
Countries that had warned against travel to Mexico have largely lifted those bans. The U.S. Centers for Disease Control and Prevention, for instance, have removed their travel warning for Mexico and replaced it with a general global warning. Airlines that had canceled flights to Mexico when the flu first appeared have begun resuming their schedules.
The fall flu season has begun and, as expected, new cases of H1N1 are showing up in both the U.S. and Mexico. Vaccines are available in the U.S. already, and will be in Mexico by December (huge demand for the vaccine has slowed down delivery). In the meantime, Mexico’s public health department—which takes its job seriously—has been educating the public on how to cut down the spread of infection, like washing your hands often or staying home if you’re sick. (These simple measures are very effective, actually.) In addition, businesses like restaurants often hand out antiseptic hand gel to customers to make sure folks follow proper hygiene procedures. Mexico’s health officials also note that, from what they’ve seen so far, H1N1 is proving no more dangerous than the normal flu.
So chances are slim that you’ll catch the flu if you come to Mexico. But if you do, don’t worry. Mexico’s hospitals and doctors are first-rate, and they’ve all been prepped on this strain of flu.
Myth #2: Mexico is Violent
Many people already see through the media hype and take what they read and hear with a grain of salt. They realize that violence in border towns and drug areas doesn’t affect safety in places that are hundreds of miles away. To do so, as the media does, is like condemning Ohio for violence in Detroit.
But because the media keeps harping on it, we’ll say it again….
Only parts of Mexico are violent. These are the border areas, Mexico City, and a few other drug-related areas that have always been dicey. In other words, the usual suspects. We don’t recommend these areas.
Most of Mexico is still safe. The places we recommend—such as San Miguel de Allende, Ajijic, Puerto Vallarta and others—are probably safer than where you live now. Certainly Campeche is safer than anyplace I’ve ever lived before.
I’ve walked around cities all over Mexico by day and by night, and I’ve always felt safe. I take normal, sensible precautions, but otherwise I don’t worry. Other expats I’ve spoken with tell me the same thing. Random violence of the kind we know from the U.S.—muggings, for instance—is extremely rare here. It’s just not something you worry about. And the drug war? Unless you’re dealing or buying, you’re likely safe.
Reality: Mexico is Still as Great a Destination as it Always Was
Fundamentally, Mexico hasn’t changed. It’s still beautiful, exotic, and welcoming…and offering a high quality of life at a fraction of what you pay north of the border.
And traveling to Mexico now is a better bargain than ever, thanks to all the special offers. So do yourself a favor and take advantage of them. Because—like the media frenzy over the swine flu—they won’t last forever.
This article has been republished from International Living. You can also view this article at InternationalLiving.com.
Published on: Wednesday, December 02, 2009 Written by: Glynna Prentice
Click a star to rate.
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Mexico's real estate market and tourism industry have been hard hit by the global recession, concerns of drug violence and the swine flu. Are the safety concerns legitimate, or a myth reinforced by the media? Glynna Prentice from International Living seeks to debunk some of the misconceptions on safety in Mexico.
Mazatlan, MexicoPart of my daily routine here in Campeche, where I live in the Yucatán Peninsula, is to stroll to the historic center and chat with friends who own shops on the main street. I usually go in the late afternoon when the air is cooler and long shadows stretch across the cobbled streets and colonial buildings. It’s a nice walk, and very peaceful.
I used to pass lots of tourists along the way, but I don’t anymore. These days my friends mostly talk about how tourism is down, and with it their sales.
Tourism all over Mexico has slowed to a trickle this year. Part of this is due to the global recession, which has left people with less money to spend on travel. But mostly it’s due to bad press, to fears of swine flu and of drug violence. And it’s a shame, because it’s both inaccurate and undeserved.
It’s doubly a shame because those fears are making folks miss out on some exceptional bargains. Right now, you can get big savings on Mexico travel deals—discounts on hotel stays, air fares, restaurants and the like—to entice tourists back. The tourists who come all have a great time.
They find Mexico as beautiful and exciting as ever, and they marvel at the huge gap between what the media has told them and the reality they find.
So, for all of you who haven’t been lucky enough to see the truth first-hand, I’d like to do a little myth-busting.
Myth #1: You’ll Catch the Swine Flu in Mexico
Actually, you can catch the swine flu anyplace, because it’s spread all over the world. In June, the World Health Organization declared the swine flu—virus H1N1—a pandemic. In other words, it’s pretty much everyplace. In fact, these days you probably have a better chance of catching it in the U.S. than in Mexico, because there have been more confirmed cases in the U.S.
H1N1 may not even have begun in Mexico. But Mexican health officials first identified it. And Mexico, being a good global citizen, blew the whistle. Sadly, that decision has cost Mexico billions in tourist dollars.
Here’s the situation now: As noted, the WHO declared H1N1 a pandemic in June. Note that this doesn’t mean the disease has gotten more dangerous. The term pandemic just refers to how widely it’s spread.
Countries that had warned against travel to Mexico have largely lifted those bans. The U.S. Centers for Disease Control and Prevention, for instance, have removed their travel warning for Mexico and replaced it with a general global warning. Airlines that had canceled flights to Mexico when the flu first appeared have begun resuming their schedules.
The fall flu season has begun and, as expected, new cases of H1N1 are showing up in both the U.S. and Mexico. Vaccines are available in the U.S. already, and will be in Mexico by December (huge demand for the vaccine has slowed down delivery). In the meantime, Mexico’s public health department—which takes its job seriously—has been educating the public on how to cut down the spread of infection, like washing your hands often or staying home if you’re sick. (These simple measures are very effective, actually.) In addition, businesses like restaurants often hand out antiseptic hand gel to customers to make sure folks follow proper hygiene procedures. Mexico’s health officials also note that, from what they’ve seen so far, H1N1 is proving no more dangerous than the normal flu.
So chances are slim that you’ll catch the flu if you come to Mexico. But if you do, don’t worry. Mexico’s hospitals and doctors are first-rate, and they’ve all been prepped on this strain of flu.
Myth #2: Mexico is Violent
Many people already see through the media hype and take what they read and hear with a grain of salt. They realize that violence in border towns and drug areas doesn’t affect safety in places that are hundreds of miles away. To do so, as the media does, is like condemning Ohio for violence in Detroit.
But because the media keeps harping on it, we’ll say it again….
Only parts of Mexico are violent. These are the border areas, Mexico City, and a few other drug-related areas that have always been dicey. In other words, the usual suspects. We don’t recommend these areas.
Most of Mexico is still safe. The places we recommend—such as San Miguel de Allende, Ajijic, Puerto Vallarta and others—are probably safer than where you live now. Certainly Campeche is safer than anyplace I’ve ever lived before.
I’ve walked around cities all over Mexico by day and by night, and I’ve always felt safe. I take normal, sensible precautions, but otherwise I don’t worry. Other expats I’ve spoken with tell me the same thing. Random violence of the kind we know from the U.S.—muggings, for instance—is extremely rare here. It’s just not something you worry about. And the drug war? Unless you’re dealing or buying, you’re likely safe.
Reality: Mexico is Still as Great a Destination as it Always Was
Fundamentally, Mexico hasn’t changed. It’s still beautiful, exotic, and welcoming…and offering a high quality of life at a fraction of what you pay north of the border.
And traveling to Mexico now is a better bargain than ever, thanks to all the special offers. So do yourself a favor and take advantage of them. Because—like the media frenzy over the swine flu—they won’t last forever.
This article has been republished from International Living. You can also view this article at InternationalLiving.com.
Mazatlan Mexico Property Bargains attracting More Investors
Mexico Property Bargains Attracting More Investors
Published on: Tuesday, September 07, 2010 Written by: Property Wire
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Although its fortunes are closely linked with the US, Mexico's real estate mostly held its own during the latest US market crash due to supply and demand balance. Property bargains in Mexico are attracting buyers who have invested nearly $300 million in a Prudential fund for industrial real estate, but experts warn that prices could fall further or remain suppressed. See the following article from Property Wire for more on this.
The commercial real estate market in Mexico has remained remarkably stable in the face of the downturn in the US economy following the global financial crisis of late 2008, a new report shows. downturn in the US economy following the global financial crisis of late 2008, a new report shows.
Mexican property developers have done a surprisingly good job at matching new supply of real estate with demand but any improvement in conditions for the economy in general or the commercial Real Estate sector in particular will be gradual, says the report from Companiesandmarkets.com.property developers have done a surprisingly good job at matching new supply of real estate with demand but any improvement in conditions for the economy in general or the commercial Real Estate sector in particular will be gradual, says the report from Companiesandmarkets.com.
The exposure of Mexico’s economy to trade with the US means that the recovery through 2014 is likely to be fragile. ‘In particular, we see no sign of an upturn in investment. Nor do we see evidence of a sustainable recovery in consumer spending. The risks are to the downside,’ it says.
‘
Nevertheless, the various protagonists in Mexico’s diverse markets for commercial real estate have lived with the challenges of fluctuating growth in the US and changing perceptions of risk within Mexico for a long time. For the time being, we remain optimistic that protagonists will continue astutely to balance supply and demand over the next five years,’ it continues.
‘Consequently, our base case is that yields will remain broadly unchanged over the next five years or so. However, there is a risk that yields slip sharply, in at least one of the sub sectors or cities for which we have data, as a result of a slide in rents relative to capital values,’ it adds.
The report, the latest edition of a new series of industry reports published by BMI that seeks to identify the key dynamics of the real estate sectors of 44 countries around the world, looks at both the long and the short term prospects.
More investors from the US are looking at property in Mexico as prices are lower. Experts are still not certain if prices have bottomed out yet, and some warn that the low prices will just stay that way for quite some time.
Property prices in Mexico have, on the whole, been far less affected by the US housing bubble and the international recession than those across the border. In certain tourism hot spots prices fell more because of a glut of new construction. But according to agents price reductions are disappearing and sellers are listing their properties back at prices seen at the end of 2007, beginning of 2008.housing bubble and the international recession than those across the border. In certain tourism hot spots prices fell more because of a glut of new construction. But according to agents price reductions are disappearing and sellers are listing their properties back at prices seen at the end of 2007, beginning of 2008.
Meanwhile, a fund geared to buying industrial real estate in Mexico has raised $293.3 million from investors. Prudential Real Estate Investors said it will invest in developing industrial sites and acquire portfolios or individual properties with a focus on tenants that distribute or manufacture goods to Mexican or US consumers.
Published on: Tuesday, September 07, 2010 Written by: Property Wire
Click a star to rate.
ShareRSS
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Although its fortunes are closely linked with the US, Mexico's real estate mostly held its own during the latest US market crash due to supply and demand balance. Property bargains in Mexico are attracting buyers who have invested nearly $300 million in a Prudential fund for industrial real estate, but experts warn that prices could fall further or remain suppressed. See the following article from Property Wire for more on this.
The commercial real estate market in Mexico has remained remarkably stable in the face of the downturn in the US economy following the global financial crisis of late 2008, a new report shows. downturn in the US economy following the global financial crisis of late 2008, a new report shows.
Mexican property developers have done a surprisingly good job at matching new supply of real estate with demand but any improvement in conditions for the economy in general or the commercial Real Estate sector in particular will be gradual, says the report from Companiesandmarkets.com.property developers have done a surprisingly good job at matching new supply of real estate with demand but any improvement in conditions for the economy in general or the commercial Real Estate sector in particular will be gradual, says the report from Companiesandmarkets.com.
The exposure of Mexico’s economy to trade with the US means that the recovery through 2014 is likely to be fragile. ‘In particular, we see no sign of an upturn in investment. Nor do we see evidence of a sustainable recovery in consumer spending. The risks are to the downside,’ it says.
‘
Nevertheless, the various protagonists in Mexico’s diverse markets for commercial real estate have lived with the challenges of fluctuating growth in the US and changing perceptions of risk within Mexico for a long time. For the time being, we remain optimistic that protagonists will continue astutely to balance supply and demand over the next five years,’ it continues.
‘Consequently, our base case is that yields will remain broadly unchanged over the next five years or so. However, there is a risk that yields slip sharply, in at least one of the sub sectors or cities for which we have data, as a result of a slide in rents relative to capital values,’ it adds.
The report, the latest edition of a new series of industry reports published by BMI that seeks to identify the key dynamics of the real estate sectors of 44 countries around the world, looks at both the long and the short term prospects.
More investors from the US are looking at property in Mexico as prices are lower. Experts are still not certain if prices have bottomed out yet, and some warn that the low prices will just stay that way for quite some time.
Property prices in Mexico have, on the whole, been far less affected by the US housing bubble and the international recession than those across the border. In certain tourism hot spots prices fell more because of a glut of new construction. But according to agents price reductions are disappearing and sellers are listing their properties back at prices seen at the end of 2007, beginning of 2008.housing bubble and the international recession than those across the border. In certain tourism hot spots prices fell more because of a glut of new construction. But according to agents price reductions are disappearing and sellers are listing their properties back at prices seen at the end of 2007, beginning of 2008.
Meanwhile, a fund geared to buying industrial real estate in Mexico has raised $293.3 million from investors. Prudential Real Estate Investors said it will invest in developing industrial sites and acquire portfolios or individual properties with a focus on tenants that distribute or manufacture goods to Mexican or US consumers.
Rose 28% Private Investment In Tourism in Mexico 2010
Rose 28% private investment in tourism
Writer Real eStrategy 7 Barometer, Tourist Market October 12, 2010 The tourism private investment closed the first half of the year with an increase of 28.3 percent over the same period in 2009, reported the Secretariat of Tourism (Tourism Ministry). The private sector invested $ 833 million thousand dollars against 428 million in 2009, the report Identified Private Investment in Tourism Sector, which highlights the resources channeled by state and by segments
Investments increased from 397.8 million dollars in the first quarter to one thousand 833 million in the second quarter, reports say.
The document highlights the investments of almost $ 812 million captured in Mexico City and Guanajuato, which became the largest recipient of investment flows in the sector, up from Baja California, Nayarit, Quintana Roo and Sinaloa. Mexico City earned 447.6 million dollars.
Writer Real eStrategy 7 Barometer, Tourist Market October 12, 2010 The tourism private investment closed the first half of the year with an increase of 28.3 percent over the same period in 2009, reported the Secretariat of Tourism (Tourism Ministry). The private sector invested $ 833 million thousand dollars against 428 million in 2009, the report Identified Private Investment in Tourism Sector, which highlights the resources channeled by state and by segments
Investments increased from 397.8 million dollars in the first quarter to one thousand 833 million in the second quarter, reports say.
The document highlights the investments of almost $ 812 million captured in Mexico City and Guanajuato, which became the largest recipient of investment flows in the sector, up from Baja California, Nayarit, Quintana Roo and Sinaloa. Mexico City earned 447.6 million dollars.
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