Buying cheap luxury real estate listings directly from the owner in Mexico is a matter of perspective on what the purchaser or investor perceives as 'cheap'. The desired objective though can be possible with the right strategy.
Featured Mexico Listings:
Mexico
Beautiful Pueblo Style House in a Mountain Village
Location
Tepoztlan, Morelos
Property Type
House
Bedrooms
8
Bathrooms
6
Price
$895,000
Mérida the capital of the state of Yucatán, can be found in the northern part of the Yucatán Peninsula, and conveniently located some 30 km or 20 miles from the Gulf of Mexico.
Often called the "White City" due to its historic limestone buildings, Mérida has a world famous Mayan history, togther with colonial Spanish architecture.
"Cheap real estate" in luxury market doesn't always mean a low price, as a 'luxury property' that is undervalued for the current real estate market place status can be seen as being cheap.
A $1M home might be "cheap" compared to others at $2M that are located in Mexico, but the price difference for what seems to be very similar properties could be for a wide range of reasons.
If the luxury property has become distressed or foreclosed they are often sold below market value and at time through auctions. Or it could be the seller, for personal reasons like a job relocation has special reasons for letting the property be sold at a very low rate.
In emerging luxury markets luxury could be listed as undervalued in relation to future expectations, for areas such as growing neighborhoods in cities that are becoming popular, like those with infrastructure improvements or tourism growth.
Luxury buyers often have leverage as they have the financial means to purchase, especially in slow markets where borrowing from a bank is harder.
Properties bought below market value in luxury areas, especially when looking at Merida Mexico real estate listings by owner which can be cheaper than via an agent often see strong appreciation when the market recovers or the area gentrifies.
Economic or political fluctuations can temporarily depress prices, allowing investors to acquire premium assets at a cheaper rate.
Mérida the capital of the state of Yucatán, can be found in the northern part of the Yucatán Peninsula, and conveniently located some 30 km or 20 miles from the Gulf of Mexico.
Due to the popularity of the location there is a market for investing or buying vacation homes, retirement residences, and rental property, and are seen as viable when price compared to Cancún or Playa del Carmen.
Mérida is deemed to be a safe city with a large tourism industry feeding the rental market due to the popularity of Mérida among expats, and retirees.
