Most investment property comes in larger sizes and of course with larger prices. Often times you will be looking at a hotel conversion into condos, a commercial or industrial parcel that can be subdivided or a large tract of land that could become a housing development. Occasionally you may find a small lot that can be subdivided or built into 3 or more condos. There are fewer building codes in Mazatlan (compared to the US) which means more opportunity for the creative buyers. But the government is passing new laws every year to contain the growth so within a decade we will see a similar scenario to the US where permits and opportunity become more difficult to obtain.
If you can imagine Los Angeles in the 1960’s………….and the growth that followed for decades. Mazatlan is very similar in the respect that they have a desirable quality of life, endless growth potential with the international port, US-Canadian retirement destination with the largest marina in Latin America, extensive agricultural base, a resort destination regionally as well as internationally and most importantly the area and infrastructure to place all these people and businesses.
So here we have the “Field of Dreams” and now that they are building it…………The people will come! If you have a vision, this is the land of opportunity!