Mexican Luxury Real Estate and oceanfront real estate are always in demand. US recession has not dampened the spirits of Mexican Real Estate investors. Because of its great record of appreciation, Mexican real estate gives better ROI then other investment avenues. Since, Mexico is close to the US and Canadian markets, the demand for Beachfront Properties in Mexico are steadily increasing since last few years.
Many big names in Real Estate from all over the world have realized this potential and have started their operations in Mexico. Many Mexico Luxury condos for sale with attractive pricing are on offer in all major spots of Mexico. Though, any Mexico property is bound to give great returns, Preconstruction condo is lot more attractive in terms of potential ROI. Preconstruction real estate property is at lower prices and are easy to sell, thus giving investors an easy and lucrative exit route.
During the initial stages of property development, the prices are considerably lower. The value of the project increases as the construction progresses from one stage to other. Smart real estate investors know this fact and buy preconstruction condos. Moreover, Real Estate developers in Mexico also encourage preconstruction buying by revising the prices upwards at specified stages of project development and sales. This aims at attracting investors to buy property during initial stages. This is a win-win situation for both developers and also the Investors who get great ROI.
Other advantages of buying property in initial changes are that alterations to the design, amenities, features and other aspects of the real estate can be made easily and at less cost and hassle. From flooring to wood work, many elements can be customized according to buyers' preferences at initial stages.
Buyers buying a unit early have an added advantage of having a luxury of choosing a unit of choice with preferred location, view and floor plan. This choice is invaluable as this can determine extent of price appreciation later on.
Other aspect of Buying preconstruction Condos in Mexico is that the buyer doesn't have to shell out the complete value of the property in one go. Most developers give an option of construction linked payment plan. As various construction phases are completed, part payments are made. This is range form a year to 2 year depending on individual developers. The investor is saved from paying 100% amount in upfront and rather pays in installments.
