Mexican Real Estate: Escape From U.S. Housing Woes


You can thank the swine flu for one thing: It dramatically brought down the housing prices in Mexico. Throw in the recession and a dose of drug-war crime waves, and the sales volume of Americans buying homes in Mexico has dropped a dramatic 70 percent for Coldwell Banker and 40 percent for some residential resort developments in Baja in the past 12 months.

These are crazy figures.

So why not take advantage of the crunch in the Mexican housing market and consider buying that retirement dream home in Mexico?

Originally published