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Cuernavaca: a paradise for living and real estate investment in Mexico

Cuernavaca: a paradise for living and real estate investment in Mexico

Cuernavaca: a paradise for living and real estate investment in Mexico
  • Why is Cuernavaca the perfect place to live and relax?
  • Why is it worth investing in real estate in Cuernavaca?

"The humidity here is unusually high and the average annual temperature reaches twenty-six degrees Celsius. This creates conditions for plants to bloom constantly, making the local gardens look stunning and attractive," shares Smadar Belkind Gershon, one of the managing partners of Casa-Mayor Grupo Inmobiliario, a luxury real estate company.

About Cuernavaca

The city of Cuernavaca, located just eighty kilometers from the capital of Mexico, is the largest settlement in the state of Morelos. It is conveniently situated in a beautiful valley at an altitude of about 1500 meters above sea level. On sunny days, the city offers a panoramic view of the active volcano Popocatépetl, also known as El Popo, which is a prominent natural landmark of the area.

Unique culture and population

According to data from Casa-Mayor Grupo Inmobiliario, Cuernavaca stands out among Mexican cities for its high number of scientists per capita. Statistics collected in 2005 indicate that the population is approximately 350,000 people. The city is renowned for its variety of research institutions.

Moreover, many creative individuals, such as artists, live here, as Cuernavaca offers the opportunity to escape the noise and chaos of the Mexico City metropolis while still being in close proximity to the markets of the capital and its surroundings.

Education and tourism

Cuernavaca is also considered one of the most important centers for studying the Spanish language: students from various countries are constantly present here. Tourism is a key factor in the region's economy, especially among visitors from Mexico City. However, foreign tourists rarely consider this city as a travel destination, unaware of the many attractions related to ancient Mexican culture.

  • In a two-hour car ride, there are colonial cities like Taxco and Puebla.
  • You can reach the famous beaches of Acapulco in just a few hours.

Life in Cuernavaca

This city is also appreciated by many retirees and expatriates for its relatively low tourist traffic. "Unlike popular destinations like San Miguel de Allende, where foreign communities have practically overrun the city, newcomers in Cuernavaca blend organically into local life," says Smadar Gershon, an expatriate from Israel.

— This city has managed to combine the best of both cultures. Here appeared:

  • Excellent educational institutions
  • Modern shopping centers
  • Supermarkets
  • Theaters, restaurants, and museums
  • Cinemas

In addition, modern amenities such asfast internetandsatellite televisionAt the same time, Cuernavaca maintains a calm atmosphere, cleanliness, and coziness, which makes it attractive for living and relaxation.

In the real estate market of Cuernavaca, located on the picturesque slopes of the mountains, attractive opportunities for purchasing homes can be found amidst stunning nature. The residences in this cozy city offer mesmerizing views, making life here particularly comfortable, as noted by real estate experts.

Cuernavaca compared to other resorts

If we compare Cuernavaca with well-known Mexican resorts like Los Cabos, Playa del Carmen, or Cancun, it becomes clear that housing prices in this area are noticeably more affordable. According to the company Casa-Mayor Grupo Inmobiliario, you can purchase a house in Cuernavaca for a very modest amount, while similar properties in other regions cost significantly more.

New residents and foreign buyers

New residents of the city most often come from Mexico City or become owners of vacation homes. Among foreign buyers, Americans make up the largest share. Smadar Gershon, a real estate professional, emphasizes that the Cuernavaca market operates under its own unique rules, unaffected by changes in the Mexican economy or global economic trends.

Stability of housing prices

The cost of housing, ranging from 100,000 to 200,000 dollars, continues to show stability, while prices for luxury properties are gradually rising.

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However, there is an oversupply of luxury homes priced over a million dollars, most of which are owned by wealthy Mexican citizens who are not facing financial difficulties even amid the current economic crisis.

Real estate investments

In the sometimes unstable economic situation in Mexico, locals prefer to invest their savings in real estate, as it is considered a reliable way for long-term investments. As Smarad Gershon notes, even during periods of stock market decline and currency devaluation, activity in the real estate market remains high.

The process of buying real estate

Regarding the purchase of real estate in Cuernavaca, Georgia Spencer, the owner of Cuernavaca Real Estate Company, claims that the process is accessible and not particularly difficult. Foreigners are given the opportunity to acquire property without significant obstacles. To do this, they need to obtain permission from the local authorities, which takes a short amount of time and does not require excessive effort. The main condition is the legal crossing of the country's border.

Features of purchase permissions

Unlike coastal areas and border territories, where certain restrictions apply, the procedures for obtaining permits in Cuernavaca are more streamlined. The cost of obtaining a permit for purchasing real estate in Cuernavaca is around $500, according to Casa-Mayor Grupo Inmobiliario.

Conclusion

Thus, Cuernavaca offers potential buyers not only magnificent views and a comfortable environment but also attractive conditions for investing in their own housing. In summary, it can be concluded that this city continues to be one of the most interesting places for purchasing real estate among foreign investors.

Cuernavaca: a paradise for living and real estate investment in Mexico

Conclusion

In concluding our review of the unique city of Cuernavaca, it can be said that this Mexican corner has an appeal worth knowing about. With its low humidity and comfortable temperature of 26 °C, the local gardens delight the eye year-round, and the picturesque landscapes only add to the charm. I have met many people who repeatedly choose Cuernavaca as their second home, seeking peace and pastoral landscapes close to the metropolis.

Moreover, as Smadar Gershon rightly pointed out, Cuernavaca attracts not only tourists but also intellectuals: the high concentration of scholars and creative individuals creates a unique atmosphere filled with culture and art. It is a place where modern conveniences harmoniously coexist with the vibrant character of Mexican life, making it ideal for new residents who wish to escape mass tourism and the hustle and bustle of large cities.

Advantages of Cuernavaca

  • Low real estate prices compared to other resorts in Mexico.
  • The simplicity of the real estate purchasing process for non-residents.
  • The absence of large tourist crowds creates a calm atmosphere.
  • Wonderful natural landscapes and a comfortable climate.

I see Cuernavaca not just as a city, but as a hub of opportunities for living and investing. Each of us could appreciate the benefits of acquiring property here –low pricescompared to other Mexican resorts,the simplicity of the purchasing processandthe absence of overcrowded tourist crowdsThis is the perfect choice for those who want to combine comfort with a peaceful atmosphere, as it is here that you can enjoy vibrant, multicultural life away from worries and troubles.

Culture and community

Cuernavaca is an intriguing mix of tradition and modernity, where everyone can find a corner that suits their desires and needs. It offers not only unique views but also a genuine sense of community that values both locals and visitors. I hope that everyone who reads about this amazing city can discover its secrets and perhaps become a part of it.

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