Mexico named best foreign country for American real estate investments

A study conducted by Wire Consulting names Mexico as the number one place for American citizens to invest in real estate abroad. Factors which contributed to the ranking were proximity, the local language and cost of living.

Four Latin American countries appear on the list of survey results for Americans looking to purchase property outside of the US. Mexico takes the top spot followed directly by Costa Rica. At number 9 is Panama, and filling up the top 10 is The Bahamas. 

The body of Americans looking to own a home abroad has been growing steadily in recent years, in light of a relatively stable USD. Between 2015 and 2016, the number of Americans who had shown interest with their real estate agent in owning a home abroad more than doubled from 6% to 14%. 

The low value of the Mexican Peso since Donald Trump's inauguration has given Americans greater purchasing power below the border, which, alongside the relatively low cost of land, makes Mexico an attractive option. 

Mexican house prices are also far lower in comparison to the United States or in Europe, especially for beach front properties. Whilst returns on investments in Mexico are considered lower than on properties in North America, rental prices are also driving demand.

The research shows that for American investors, standard of living is one of the most important factors. The outcome of the survey highlights that having the financial means to invest and having solid investment plans in place are both important for US citizens before making decisions on where to put their money. 

It is not identified in the study exactly where US investors are heading to in Mexico, Costa Rica or Panama, but due to the costal nature of each of the Central American nations, the beach and warm weather are to be a likely drawcard. Spain, Italy and France also make their way into the top ten destinations identified in the 2018 survey. 

CEO of WIRE Consulting Angelo Cinel commented: "Economic, fiscal, political, and cultural factors weigh just as much as price points. The client therefore needs to identify a unique partner who is competent and who can meet any specific request. This is why we have brought WIRE Consulting to the American market as a way to directly support this clientele in their investment choices in the Real Estate sector at an international level.”

Wire Consulting is a Venice, Italy based real estate consulting company that specialises in worldwide investment in real estate. The company helps families, individuals and companies to invest and acquire property for both private and commercial purposes. Wire Consulting has specialist consultants in the US, Brazil, UK, Germany, France, Italy, Spain and Greece.