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If you have read this blog in the past, you will know that every time I take a trip, I look into the real estate situation while I am there….not only to learn more about how real estate works in other countries, but also to try and find new investment opportunities.  This trip takes us through Guatemala and Mexico.

GUATEMALA:

First off – one of my favorite countries in central america!  Some of the most beautiful secluded beaches in the world, in one of the cheapest countries.  The problem here lies in the fact that it is difficult for a foreigner to actually own land.  Well, its difficult for locals to even own the land.  I didnt get to do a lot of research in the cities, but it seem like the rural and coast areas follow the same principals- in that all the land is technically government owned, but basically lent out to the resident if they have been there for 10 years or more.  They still have “title transfer” and you can technically own the land, but if you aren’t a resident, aren’t consistently at the property, or there is a radical government change, you could run into some difficulties.  That being said, Guatemala is a very stable country right now and the people are incredibly friendly so the likelihood of anything happening is very slim.  That, combined with a low investment amount (ie. beachfront property can be bought for 10k or less) make this a palatable risk.  As always, I would recommend getting well acquainted with the people and the area before making any decisions.

Mexico:

I also had the chance to spend significant time in San Jose and Cabo San Lucas.  This area is growing fast with new resorts, condos and developments being built everyday.  There is a significant amount of American and Canadian investment in this area, and it is very easy to do.  There are many reputable real estate agencies here, and if you get hooked up with the right people, investing here can be very easy and with little risk.  You will find many of the amenities of home here (supermarkets, golf courses, chain restaurants) so it truly is home away from home for many – except nicer weather!!  In terms of investment, Its quite reasonable to think that with all the building and migration here prices will continue to increase.  With these amenities, however, come higher purchase prices.  Condos in gated communities will run in the 150-225k range and houses 300k – infinite with a range of everything inbetween.  Its a beautiful place and great place to look at investing in with a slightly higher investment commitment.