Thursday, October 25, 2007

Looking for the next big thing in Mexico

A lot of people want to know what the next big investment hotspot in Mexico is going to be. Unfortunately, there is no simple answer. There are so many wonderful places in Mexico, that it is hard to pick just one. Baja California has been a longtime favorite, with cities like Los Cabos and Rosarito attracting scores of Americans and Canadians looking for a more peaceful life. In the past few years, Sonora, home to Rocky Point (Puerto Penasco) and San Carlos has been booming with developing. Puerto Vallarta still remains high on the list for those looking for a vacation home or primary residence in Mexico, but most of the new development is taking place in Nuevo Vallarta and the Punta Mita area.

Mexico's east coast is famous for the Riviera Maya, which is a peninsula that is comprised of Cancun, Playa del Carmen, Tulum, and other smaller towns. This whole area has seen an influx of new hotels and residential projects.

My suggestion is that you visit the location before you buy. If possible, rent a house or a condo and spend a few weeks there so you can really get to know the town. Also, read all you can before you buy. Did you know that Rocky Point is getting a new airport and a new superhighway? Did you know that Ensenada will be home to the largest marina on the west coast? Ask local realtors about future improvements to the city, as they may have inside knowledge that you couldn't find elsewhere.

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