Many people are curious whether COVID crisis has adversely affected the housing market. Is it a good or bad time to buy or sell? Some people think prices are going to tank. On the other hand, others believe that the housing market will actually experience a boom in the next few months. Are you in the market for luxury beachfront real estate in Mexico? If so, Villa La Estancia in Riviera Nayarit is an expat favorite. It’s perfectly situated on one of the most beautiful beaches in Banderas Bay. Many expats find their dream vacation home at Villa La Estancia. While it is impossible to know what the future will bring, keep reading below about COVID real estate advice.
COVID Real Estate Advice
There are various opinions on how real estate will be affected by the COVID-19 pandemic. To begin, the latest data is showing that home prices and buyer demand are actually on the rise. It could be that people are reevaluating their priorities and deciding to move to a new location? Specifically in Mexico, second home purchases are still in high demand. Individuals are seeking a comfortable vacation home where they can safely stay with loved ones. As social interaction is limited right now, an enjoyable space to share with close knit circle of friends and family is very important. In addition, the value of access to outdoor spaces and beautiful views has significantly increased as well. Therefore, many homebuyers want properties where they will love to spend their time. For example, beachfront homes and mountain homes are in high demand right now.
Low Interest Rates
A huge factor behind many home sales is due to low interest rates. Right now, interest rates are at record lows. As a result, homebuyers will save tons of money in interest over time. Plus, many people are now able to afford a mortgage that wouldn’t have been able to otherwise when rates were higher. Low interest rates is one of the driving forces behind the strong housing market right now. When you add up the savings, a lower interest rate means thousands of dollars over time. Likewise, lower interest rates reduce the cost of monthly mortgage payments making home ownership more affordable. As a result, the housing market remains strong as first time homebuyers are able to buy property right now.
Virtual Home Tours
Some people may not want to buy or sell a home due to fear of coronavirus exposure. Throughout the world, stay-at-home and social distancing mandates were implemented to help slow the spread of COVID-19. Likewise, many in-person home showings and open houses were cancelled. However, there are modern technology systems that allow homebuyers to safely view potential homes virtually. For example, virtual home tours are an easy way to check out a new home for sale if you can’t visit in person. Likewise, sellers can reach more buyers using videos or live video interaction to virtually show a property. In addition, more properties can be viewed in person right now as many restrictions are slowly being lifted. For in person viewings, real estate agents and homebuyers are taking extra precautions to stay safe. The use of face masks and social distancing are essential in order to stay safe while searching for a dream home.
Villa La Estancia – Beachfront Real Estate
Despite the volatility of COVID news, the housing market appears to still be going strong. Our COVID real estate advice is to take advantage of low interest rates and limited inventory before it is too late. Likewise, second home buyers who want a vacation home at the beach are still purchasing property. Villa La Estancia has a limited number of private oceanfront residences still available for sale. The property is a modern hotel-condo concept that many expats are seeking. Our homeowners enjoy a comfortable private beachfront residence, plus access to luxury amenities and services. Onsite concierge, fully equipped gym, spa and gourmet restaurants are just a few of the perks of homeownership at Villa La Estancia. Lastly, we also offer both full or fractional ownership options. Qualified applicants may even be able to take advantage of special developer financing deals, too.
If you want to invest in luxury beachfront real estate in Mexico, Villa La Estancia in Riviera Nayarit is a top choice. Ideally situated on the sandy shores of Banderas Bay, the area is one of Mexico’s most biodiverse regions. We offer a Try and Buy program where potential homeowners can test out homeownership on a trial basis. Why wait any longer? Make the move and contact us today to learn more. Your dream vacation home in Mexico could be at Villa La Estancia in Riviera Nayarit. Call us today to schedule a property tour.