Purchasing Properties in Mexico and Peru

If you are on the lookout for buying real estate in at fine locations, give Mexico and Peru a thought. Ever since the Covid-19 pandemic, many places in Spain have not yet been able to stand on their feet again. 

In these circumstances, Mexico and Peru are the best sites to invest in. Both countries being located on two opposite sides of the globe, require separate details. 

Without any further ado, let’s get into the article. 

Real Estate in Peru 

Peru stands tall as one of the most profitable real estate investments right now. In a relatively small amount of time, it has made its place amongst the real estate markets. Peru is ranked the fastest economy generating country in the entire Latin America. 

One reason for this being that Peru's real estate sector has worked day and night for it and another reason being that president of Peru happened to be an official in the World Bank, mainly working in the economy sector. 

The reduction of tax amounts for foreigners is yet another amazing factor of real estate in Peru. And this change was quite significant as the CGT on foreigners dropped to a mind-blowing 5% whereas residents of Peru being obliged to pay 30% on their properties. 

This means that in comparison to other countries, real estate taxes in Peru are substantially petty, making investments in Peru lucrative, efficient and profitable. And considering the dominatingly powerful economy of Peru, an investment in real estate in Peru is all the more tempting and worth it. 

This sums up some of the things to consider while purchasing property in Peru. Nevertheless, Peru is a great place to invest in right now. 

Read also: What does it mean for Wall Street to buy debt from Latin American countries?

Real estate in Mexico 

Mexico is yet another great site for purchasing property, owing to its rapidly increasing economic rates and its significance as a tourist country. 

Several reasons can be listed as to why you should consider buying real estate in Mexico. One of the important reasons is its flexibility to welcome foreigners and advantages for them. If you’re from anywhere in the US or UK, real estate in Mexico is even more economical as you get the benefit of dollar-conversion. 

Hence, offering foreigners a huge choice to expand their investments and acquire a real-time income from real estate. What's even better is that foreigners in Mexico don't need to own a residency visa to purchase real estate in Mexico.

Buy properties in highly populated areas that incur on-going developments. Doing so will not only increase the net worth of your property but also its demand, hence offering you a persistent revenue stream. 

Therefore, investing in Mexico’s real estate right now is a great option and will offer an even greater return on investment if you plan to rent it after purchase. 

And that brings us to the end. Whether you decide on buying real estate in Peru or Mexico, both are worth the time, effort, and money. So what are you waiting for? Hop on to Frementa and get the keys to your new property ASAP.