Thought that I had posted this long ago-oh, well-better late than never!
In October I attended the AMPI (Asociación Mexicana de Profesionales Inmobiliarios) conference in Merida, Yucatán, Mexico. AMPI is the Mexican equivalent to our National Association of Realtors. Everyone (from the AMPI associates, to the attendees, to the current and future presidents of AMPI to the hotel employees) was so welcoming, generous with their time and information and incredibly attentive. Mexico is such a hospitable and service orientated country. It did not matter that I spoke only a little Spanish. Most of the attendees spoke English but smiles and friendly hand gestures go a long way when trying to communicate.
The grand opening ceremony was quite impressive with drums and color guard units announcing the entrance of the dignitaries from across Mexico. The dignitaries included then current national president of AMPI, Adán Larracilla Márquez, 2012’s national AMPI president, Sergio Gómez Rábago, the mayor of Merida, Angelica Araujo Lara, and the governor of the state of Yucatán, Ivonne Ortega Pacheco. Speakers & realtors attending came from the USA, Canada, Spain, Argentina, Brazil, Nicaragua and Guatemala.
During the one week conference I attended various sessions on the current real estate market, building trends, financing, green building, why you should consider moving to Mexico, overcoming negative press and who is currently and will be purchasing real estate in Mexico in the near future. Some of the sessions were held in English and the rest had translators. Of great interest to me was the fact that citizens from the USA & Canada can now obtain mortgages with 25% down on property in Mexico. Previously, there were no mortgages available for us. It was solely cash transactions. Lines of equity are still extremely difficult to obtain. More than 800,000 USA citizens live part or full time in Mexico and 100 million baby boomers will be retiring in the near future. 76 million will be from the USA and 12 million will from Canada. 57% of all vacation homes are owned by baby boomers with many of them looking for a permanent residence outside of the USA for their retirement. Mexico is gearing up for them by building homes and medical facilities with their interests in mind.
I learned so much and met so many wonderful people. I will definitely do my best to attend the next AMPI conference in Guadalajara. Attending this conference was excellent way to make connections with realtors from around the world.