Article
Mexico
A hundred and sixty years ago, US took over a third of Mexico. In a reverse trend, many US citizens are again moving over to Mexico, shelling from 300 k to $1 million for large oceanfront homes or condos which would be far more costly in US.
The Mexican high-end developers love the current American invasion. An American style is now fused into the Mexican condos. Retirees and people over fifty are now flocking from everywhere, hunting for retirement homes or condo complexes in Mexico. The prices here are comparatively much lesr. Mexican culture attracts the people from different social segments.
In Mexico, condominium is a collection of individual home units along with the land on which they sit. Individual home ownership within a condominium is considered as ownership of the space in the apartment or condo unit. Anything outside this boundary is held in an undivided ownership interest by a corporation established at the time of the condominium’s creation.
The primary attraction to this type of ownership is the ability to obtain affordable housing in a highly desirable area which lies beyond the economic reach. Additionally, such properties benefit from having restrictions that maintain and enhance value, providing control over blight that plagues some neighborhoods.
Many facilities and amenities are provided to the condo buyers in Mexico. The dining room displays kitchen with breakfast bar showcasing full size refrigerator, stove, microwave, toaster, coffee maker, juice extractor, blender, coffee grinder, flatware, cooking utensils and cookware.
The laundry rooms include in-condo washer and dryer, iron and ironing board. Other services include car parking space, weekly cleaning services including linens and towels, private cooking.
The fully furnished units start in the mid- $200,000s for condos. They are witnessing a tremendous demand. The reason for the popularity of Mexican condos is price. You can get five star facilities at a very lesser price. While the house prices are falling in parts of the US, Mexican real estate is appreciating by 10% every year.
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